Date | Cash [email protected]% | Interet Expens@4% | Decrease in carrying amount | Carrying Value |
1/1/2018 | $912,140 | |||
6/30/2018 | $37,350 | $36,485.60 | $864 | $911,276 |
(830000*4.5%) | (912140)*4% | |||
12/31/2018 | $37,350 | 36451.04 | $899 | $910,377 |
(830000*4.5%) | (912140-864)*4% |
and the bonds issue for $942 N0 Interest is paid Super Splash Issues $30,000, bonds on...
Required information [The following information applies to the questions displayed below.] Super Splash issues $960,000, 8% bonds on January 1, 2021, that mature in 15 years. The market interest rate for bonds of similar risk and maturity is 7%, and the bonds issue for $1,048,282. Interest is paid semiannually on June 30 and December 31 Required: 1. Complete the first three rows of an amortization schedule. (Do not round intermediate calculations. Round your final answers to the nearest whole dollar.)...
Super Splash issues $910,000, 7% bonds on January 1, 2021, that mature in 10 years. The market interest rate for bonds of similar risk and maturity is 6%, and the bonds issue for $977,693. Interest is paid semiannually on June 30 and December 31. Complete the first three rows of an amortization schedule. (Do not round intermediate calculations. Round your final answers to the nearest whole dollar.)
On January 1, 2018, Splash City issues $490,000 of 8% bonds, due in 15 years, with interest payable semiannually on June 30 and December each year Assuming the market interest rate on the issue date is 9%, the bonds will issue at $450,092. value: 7.69 points Required: 1. Complete the first three rows of an amortization table Increase in Carrying Value Interest Expense Carrying Value Date Cash Paid 1/1/18 6/30/18 12/31/18
On January 1, 2021, Splash City issues $370,000 of 6% bonds, due in 20 years, with interest payable semiannually on June 30 and December 31 each year. The market interest rate on the issue date is 7% and the bonds issued at $330,493. Required: 1. Using an amortization schedule, show that the bonds have a carrying value of $332,463 on December 31, 2022. (Round Interest expense to nearest whole dollar.) Date Cash Paid Interest Expense Increase in Carrying Value Carrying...
Coney Island Entertainment issues $1,400,000 of 7% bonds, due in 20 years, with interest payable semiannually on June 30 and December 31 each year. Calculate the issue price of a bond and complete the first three rows of an amortization schedule when: value: 7.69 points Required information Required: 1. The market interest rate is 7% and the bonds issue at face amount. (FV of $1, PV of $1, FVA of $1, and PVA of $1) (Use appropriate factor(s) from the...
Required information [The following information applies to the questions displayed below.] Super Splash issues $960,000, 8% bonds on January 1, 2021, that mature in 15 years. The market interest rate for bonds of similar risk and maturity is 7%, and the bonds issue for $1,048,282. Interest is paid semiannually on June 30 and December 31. 2. & 3. Record the issuance of the bonds on January 1, the interest payments on June 30, 2021, and December 31, 2021. (If no...
Required information [The following information applies to the questions displayed below.] On January 1, 2021, Splash City issues $450,000 of 7% bonds, due in 10 years, with interest payable semiannually on June 30 and December 31 each year. The market interest rate on the issue date is 8% and the bonds issued at $419,422. Required: 1. Using an amortization schedule, show that the bonds have a carrying value of $423,782 on December 31, 2022. (Round Interest expense to nearest whole...
How do i calculate the issue price of a bond and complete the amortization? Coney Island Entertainment issues $1,500,000 of 5% bonds, due in 10 years, with interest payable semiannually on June 30 and December 31 each year. Calculate the issue price of a bond and complete the first three rows of an amortization schedule when Required: 1. The market interest rate is 5% and the bonds issue at face amount. (FV of $1. PV of $1. FVA of $1,...
On January 1, 2021, Splash City issues $470,000 of 9% bonds, due in 20 years, with interest payable semiannually on June 30 and December 31 each year. Assuming the market interest rate on the issue date is 10%, the bonds will issue at $429,678. Required: 1. Complete the first three rows of an amortization table.
On January 1, 2021, Splash City issues $320,000 of 8% bonds, due in 15 years, with interest payable semiannually on June 30 and December 31 each year. The market interest rate on the issue date is 9% and the bonds issued at $293,938. Required: 1. Using an amortization schedule, show that the bonds have a carrying value of $295,765 on December 31, 2022. (Round Interest expense to nearest whole dollar.)