Homework Answers
Add Answer to:
I
need help on these first 2 questions, thank you!
On January 1, 2019. a corporation...
I need help on 3,4 and 5, thanks! Use the following information to Newer questions -...
I
need help on 3,4 and 5, thanks!
Use the following information to Newer questions - On January 1, 2019, a corporation is 10000 10 hands for $81.771. The boods pay interesse annually on June 10 and Desember 1 The o the following the prepare a bond amortization schedule and answer the first five questions. (Round your answers to the nearest 5) 20 581,750 Int Exp Amortization Schedule Cash intent from Amori CV styment is made olun 20301 - 20p...
On January 1, 2019, Lagune & Sons issued 9% bonds dated January 1, 2019, with a...
On January 1, 2019, Lagune & Sons issued 9% bonds dated January 1, 2019, with a face amount of $200,000. The bonds mature in 20 years. The effective interest rate for these bonds was 10%. Interest is paid semiannually on June 30 and December 31. Lagune’s fiscal year is the calendar year. 1. Calculate the issue price of the bond. Show the calculation. 2. Prepare an amortization schedule for the first year of the bond. 3. Prepare the necessary entries...
Chowan Corporation issued $136,000 of 7% bonds dated January 1, 2016, for $131,421.73 on January 1,...
Chowan Corporation issued $136,000 of 7% bonds dated January 1, 2016, for $131,421.73 on January 1, 2016. The bonds are due December 31, 2019, were issued to yield 8%, and pay interest semiannually on June 30 and December 31. Chowan uses the effective interest method of amortization. 1. Required: Prepare the journal entries to record the issue of the bonds on January 1, 2016, and the interest payments on June 30, 2016, December 31, 2016, and June 30, 2017. In...
Chowan Corporation issued $154,000 of 7% bonds dated January 1, 2016, for $148,815.79 on January 1,...
Chowan Corporation issued $154,000 of 7% bonds dated January 1, 2016, for $148,815.79 on January 1, 2016. The bonds are due December 31, 2019, were issued to yield 8%, and pay interest semiannually on June 30 and December 31. Chowan uses the effective interest method of amortization. Required: Prepare the journal entries to record the issue of the bonds on January 1, 2016, and the interest payments on June 30, 2016, December 31, 2016, and June 30, 2017. In addition,...
I got the answer to req 1,but need help with the rest. thank you. Hillside issues...
I got the answer to req 1,but need help with the rest. thank
you.
Hillside issues $4,000,000 of 6%, 15-year bonds dated January 1, 2019, that pay interest semiannually on June 30 and December 31. The bonds are issued at a price of $3,456,448. Required: 1. Prepare the January 1 journal entry to record the bonds' issuance. 2 a) For each semiannual period, complete the table below to calculate the cash payment. 2) For each semiannual period, complete the table...
problem 14-6. Before maturity, Foster incorporated sold $500,000 of 12% bonds on january 1, 2019, for...
problem 14-6. Before maturity, Foster incorporated
sold $500,000 of 12% bonds on january 1, 2019, for $470,143.47 a
price that yields a 14% interest rate. the bonds pay interest
semiannually on June 30 and december 31 and are due December 31,
2022. foster uses the effective interest method.
prepare an interest expense and discount ammortization
schedule.
assume the company reacquired the bonds on July 1, 2021 at 104.
prepare journal entries to record the bond retirement.
40 Chapter 14 Financing...
I need help! Thanks Check my work Required information Part 1 of 2 Problem 9-6A Prepare...
I need help! Thanks
Check my work Required information Part 1 of 2 Problem 9-6A Prepare a bond amortization schedule and record transactions for the bond issuer (LO9-5) /The following information applies to the questions displayed below.) 1.5 points On January 1, 2021, Universe of Fun issues $760,000,7% bonds that mature in 10 years. The market interest rate for bonds of similar risk and maturity is 8%, and the bonds issue for $708,357. Interest is paid semiannually on June 30...
please help me answering all of these questions. thank you so much On January 1, 2020,...
please help me answering all of these questions. thank you so
much
On January 1, 2020, Indigo Company sold 12% bonds having a maturity value of $650,000 for $753,808, which provides the bondholders with a 8% yield. The bonds are dated January 1, 2020, and mature January 1, 2025, with interest payable Decembe of each year. Indigo Company allocates interest and unamortized discount or premium on the effective-interest basis. Prepare the journal entry at the date of the bond issuance....
Please show me the eqautions to how you got the numbers in the table!! On January...
Please show me the eqautions to how you got the numbers in the table!! On January 1, 2020, Sponsler Corporation issued $5,000,000, 7%, 20-year bonds. The bonds were sold to yield an effective-interest rate of 5%. Interest is paid semiannually on June 30 and December 31. The company uses the effective interest method of amortization. Use the table below to prepare a bond discount amortization schedule which shows the amortization of discount for the first SIX interest payment dates. (Round...
thank you Required information The following information applies to the questions displayed below.] On January 1,...
thank you
Required information The following information applies to the questions displayed below.] On January 1, 2021, Twister Enterprises, a manufacturer of a variety of transportable spin rides, issues $470,000 of 8% bonds, due in 15 years, with interest payable semiannually on June 30 and December 31 each year. Required: 1. If the market interest rate is 8%, the bonds will issue at $470,000. Record the bond issue on January 1, 2021, and the first two semiannual interest payments on...
I
need help on 3,4 and 5, thanks!
Use the following information to Newer questions - On January 1, 2019, a corporation is 10000 10 hands for $81.771. The boods pay interesse annually on June 10 and Desember 1 The o the following the prepare a bond amortization schedule and answer the first five questions. (Round your answers to the nearest 5) 20 581,750 Int Exp Amortization Schedule Cash intent from Amori CV styment is made olun 20301 - 20p...
I got the answer to req 1,but need help with the rest. thank
you.
Hillside issues $4,000,000 of 6%, 15-year bonds dated January 1, 2019, that pay interest semiannually on June 30 and December 31. The bonds are issued at a price of $3,456,448. Required: 1. Prepare the January 1 journal entry to record the bonds' issuance. 2 a) For each semiannual period, complete the table below to calculate the cash payment. 2) For each semiannual period, complete the table...
problem 14-6. Before maturity, Foster incorporated
sold $500,000 of 12% bonds on january 1, 2019, for $470,143.47 a
price that yields a 14% interest rate. the bonds pay interest
semiannually on June 30 and december 31 and are due December 31,
2022. foster uses the effective interest method.
prepare an interest expense and discount ammortization
schedule.
assume the company reacquired the bonds on July 1, 2021 at 104.
prepare journal entries to record the bond retirement.
40 Chapter 14 Financing...
I need help! Thanks
Check my work Required information Part 1 of 2 Problem 9-6A Prepare a bond amortization schedule and record transactions for the bond issuer (LO9-5) /The following information applies to the questions displayed below.) 1.5 points On January 1, 2021, Universe of Fun issues $760,000,7% bonds that mature in 10 years. The market interest rate for bonds of similar risk and maturity is 8%, and the bonds issue for $708,357. Interest is paid semiannually on June 30...
please help me answering all of these questions. thank you so
much
On January 1, 2020, Indigo Company sold 12% bonds having a maturity value of $650,000 for $753,808, which provides the bondholders with a 8% yield. The bonds are dated January 1, 2020, and mature January 1, 2025, with interest payable Decembe of each year. Indigo Company allocates interest and unamortized discount or premium on the effective-interest basis. Prepare the journal entry at the date of the bond issuance....
Please show me the eqautions to how you got the numbers in the table!! On January 1, 2020, Sponsler Corporation issued $5,000,000, 7%, 20-year bonds. The bonds were sold to yield an effective-interest rate of 5%. Interest is paid semiannually on June 30 and December 31. The company uses the effective interest method of amortization. Use the table below to prepare a bond discount amortization schedule which shows the amortization of discount for the first SIX interest payment dates. (Round...
thank you
Required information The following information applies to the questions displayed below.] On January 1, 2021, Twister Enterprises, a manufacturer of a variety of transportable spin rides, issues $470,000 of 8% bonds, due in 15 years, with interest payable semiannually on June 30 and December 31 each year. Required: 1. If the market interest rate is 8%, the bonds will issue at $470,000. Record the bond issue on January 1, 2021, and the first two semiannual interest payments on...
Most questions answered within 3 hours.
-
Atmospheric Mass
Venus and Earth have about the same mass and radius, but the
atmospheric pressure...
asked 12 minutes ago -
5. Discuss the use of fault tree analysis (FTA) for risk
assessment (maximum one paragraph).
asked 1 hour ago -
Given that a sample of aluminium oxide has a Young's modulus of
393 GPa and a...
asked 2 hours ago -
At a certain temperature, the equilibrium constant, Kc, for this
reaction is 53.3.
H2(g)+I2(g)−⇀↽−2HI(g)Kc=53.3
At this...
asked 4 hours ago -
Question1 ) The STL provides similiar classes called stack and
queue, both of which gave functions...
asked 5 hours ago -
For Questions 1-4, assume you have 5 bits available:
1. For (positive) integers: What is the...
asked 5 hours ago -
convert grams into vloume with the density of water being at
.997514 g/cm^3 at 23.1 Celsuis...
asked 7 hours ago -
Foreman company obtained a $20,000, 6% loan on May 1, 2018.
Principal and interest will be...
asked 7 hours ago -
5. Problem 11.05 (Discounted Payback)
eBook
Project L costs $60,000, its expected cash inflows are $14,000
per...
asked 7 hours ago -
1. Which of the following is true about politics and health
organizations?
A. Health organizations are...
asked 8 hours ago -
A space vehicle is coasting at a constant velocity of 18.1 m/s
in the +y direction...
asked 9 hours ago -
5) Use the following balanced equation to answer questions
(a)-(i).
3 Cu(s) + 8 HNO3(aq) →...
asked 8 hours ago