Homework Answers
Solution:
| Bond Amortization Table | ||||
| Year | Cash paid | Interest expense | Discount Amortization | Bond carrying amount |
| 01-Jan-17 | $19,48,607 | |||
| 01-Jan-18 | $2,10,000 | $2,40,279 | $30,279 | $19,78,886 |
| 01-Jan-19 | $2,10,000 | $2,40,279 | $30,279 | $20,09,164 |
| 01-Jan-20 | $2,10,000 | $2,40,279 | $30,279 | $20,39,443 |
| 01-Jan-21 | $2,10,000 | $2,40,279 | $30,279 | $20,69,721 |
| 01-Jan-22 | $2,10,000 | $2,40,279 | $30,279 | $21,00,000 |
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Riverbed Company sells 10% bonds having a maturity value of $2,550,000 for $2,366,166. The bonds are...
Riverbed Company sells 10% bonds having a maturity value of
$2,550,000 for $2,366,166. The bonds are dated January 1, 2017, and
mature January 1, 2022. Interest is payable annually on January
1.
Set up a schedule of interest expense and discount amortization
under the straight-line method. (Round answers to 0
decimal places, e.g. 38,548.)
Schedule of Discount Amortization
Straight-Line Method
Year
Cash
Paid
Interest
Expense
Discount
Amortized
Carrying
Amount of Bonds
Jan. 1, 2017
$
$
$
$
Jan. 1,...
Exercise 14-6Indigo Company sells 10% bonds having a maturity value of$2,250,000 for $2,087,794. The...
Exercise 14-6Indigo Company sells 10% bonds having a maturity value of $2,250,000 for $2,087,794. The bonds are dated January 1, 2017, and mature January 1, 2022. Interest is payable annually on January 1.Set up a schedule of interest expense and discount amortization under the straight-line method. (Round answers to 0 decimal places, e.g. 38,548.)Schedule of Discount AmortizationStraight-Line MethodYearCashPaidInterestExpenseDiscountAmortizedCarryingAmount of BondsJan. 1, 2017$$$$Jan. 1, 2018Jan. 1, 2019Jan. 1, 2020Jan. 1, 2021Jan. 1, 2022
Cheyenne Company sells 10% bonds having a maturity value of 52,150,000 for $1.995.003. The bonds are...
Cheyenne Company sells 10% bonds having a maturity value of 52,150,000 for $1.995.003. The bonds are dated January 1, 2017 and mature January 1, 2022. Interest is payable annually on January 1 X Your answer is incorrect. Determine the effective interest rate. (Round answer to decimal places, e.. 18%.) The effective-interest rate e Textbook and Media - Your answer is partially correct. Set up a schedule of interest expense and discount amortization under the effective interest method (Round intermediate calculations...
Your answer is partially correct. Try again Pharoah Company sells 9% bonds having a maturity value...
Your answer is partially correct. Try again Pharoah Company sells 9% bonds having a maturity value of $2,500,000 for $2,229,651. The bonds are dated January 1, 2017, and mature January 1, 2022 Interest is payable annually on January 1. Set up a schedule of interest expense and discount amortization under the straight-line method. (Round answers to 0 decimal places, e.g. 38,548.) Schedule of Discount Amortization Straight-Line Method Cash Paid Interest Expense Discount Amortized Carrying Amount of Bonds Year Jan. 1,...
Blue Company sells 10% bonds having a maturity value of $1,450,000 for $1,345,467. The bonds are dated January 1, 2017, and mature January 1, 2022. Interest is payable annually on January 1. Determin...
Blue Company sells 10% bonds having a maturity value of $1,450,000 for $1,345,467. The bonds are dated January 1, 2017, and mature January 1, 2022. Interest is payable annually on January 1. Determine the effective-interest rate. (Round answer to 0 decimal places, e.g. 18%.) LINK TO TEXT Set up a schedule of interest expense and discount amortization under the effective-interest method. (Round intermediate calculations to 6 decimal places, e.g. 1.251247 and final answer to 0 decimal places, e.g. 38,548.) Schedule...
BACK NEXT Exercise 14-6 Skysong Companyse s10% bonds having a maturity value of $1,300,000 for *1,2...
BACK NEXT Exercise 14-6 Skysong Companyse s10% bonds having a maturity value of $1,300,000 for *1,2 6,280. The bonds are dated January 1, 2017, and mature January 1,2022. Interest is payable annually on January 1 Set up a schedule of interest expense and discount amortization under the straight-line method. (Round answers to decimal places, e g. 3.ss) Schedule of Discount Amortization Straight-Line Method Cash Paid Interest Expense Discount Amortized Carrying Amount of Bonds Year an. 1, 2017 Jan. 1, 2018...
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Marin Company sells 10% bonds having a maturity value of
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mature January 1, 2022. Interest is payable annually on January
1.
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Please explain detail Ayayai Company sells 9% bonds having a maturity value of $1,750,000 for $1,560,756....
Please explain detail
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Marin Company sells 8% bonds having a maturity value of $1,430,000 for $1,321,582. The bonds are dated January 1, 2020, and mature January 1, 2025. Interest is payable annually on January 1. Determine the effective-interest rate. (Round answer to 0 decimal places, e.g. 18%.) The effective-interest rate 10 % Set up a schedule of interest expense and discount amortization under the effective-interest method. (Round intermediate calculations to 5 decimal places, e.g. 1.25124 and final answer to 0 decimal places, e.g....
Teal Company sells 8% bonds having a maturity value of $3,000,000 for $2,772,550. The bonds are...
Teal Company sells 8% bonds having a maturity value of $3,000,000 for $2,772,550. The bonds are dated January 1, 2020, and mature January 1, 2025. Interest is payable annually on January 1. Determine the effective-interest rate. (Round answer to 0 decimal places, e.g. 18%.) The effective-interest rate % eTextbook and Media Set up a schedule of interest expense and discount amortization under the effective-interest method. (Round intermediate calculations to 5 decimal places, e.g. 1.25124 and final answer to...
Riverbed Company sells 10% bonds having a maturity value of
$2,550,000 for $2,366,166. The bonds are dated January 1, 2017, and
mature January 1, 2022. Interest is payable annually on January
1.
Set up a schedule of interest expense and discount amortization
under the straight-line method. (Round answers to 0
decimal places, e.g. 38,548.)
Schedule of Discount Amortization
Straight-Line Method
Year
Cash
Paid
Interest
Expense
Discount
Amortized
Carrying
Amount of Bonds
Jan. 1, 2017
$
$
$
$
Jan. 1,...
Cheyenne Company sells 10% bonds having a maturity value of 52,150,000 for $1.995.003. The bonds are dated January 1, 2017 and mature January 1, 2022. Interest is payable annually on January 1 X Your answer is incorrect. Determine the effective interest rate. (Round answer to decimal places, e.. 18%.) The effective-interest rate e Textbook and Media - Your answer is partially correct. Set up a schedule of interest expense and discount amortization under the effective interest method (Round intermediate calculations...
Your answer is partially correct. Try again Pharoah Company sells 9% bonds having a maturity value of $2,500,000 for $2,229,651. The bonds are dated January 1, 2017, and mature January 1, 2022 Interest is payable annually on January 1. Set up a schedule of interest expense and discount amortization under the straight-line method. (Round answers to 0 decimal places, e.g. 38,548.) Schedule of Discount Amortization Straight-Line Method Cash Paid Interest Expense Discount Amortized Carrying Amount of Bonds Year Jan. 1,...
Blue Company sells 10% bonds having a maturity value of $1,450,000 for $1,345,467. The bonds are dated January 1, 2017, and mature January 1, 2022. Interest is payable annually on January 1. Determine the effective-interest rate. (Round answer to 0 decimal places, e.g. 18%.) LINK TO TEXT Set up a schedule of interest expense and discount amortization under the effective-interest method. (Round intermediate calculations to 6 decimal places, e.g. 1.251247 and final answer to 0 decimal places, e.g. 38,548.) Schedule...
BACK NEXT Exercise 14-6 Skysong Companyse s10% bonds having a maturity value of $1,300,000 for *1,2 6,280. The bonds are dated January 1, 2017, and mature January 1,2022. Interest is payable annually on January 1 Set up a schedule of interest expense and discount amortization under the straight-line method. (Round answers to decimal places, e g. 3.ss) Schedule of Discount Amortization Straight-Line Method Cash Paid Interest Expense Discount Amortized Carrying Amount of Bonds Year an. 1, 2017 Jan. 1, 2018...
Marin Company sells 10% bonds having a maturity value of
$2,200,000 for $2,118,688. The bonds are dated January 1, 2017, and
mature January 1, 2022. Interest is payable annually on January
1.
Assianment Open Assignment CALCULATOR FULL SCREEN PRINTER VERSION BACK ASSIGNMENT RESOURCES Determine the effective-interest rate. (Round answer to 0 decimal places, e.g. 18%.) The effective-interest rate 14-1 LINK TO TEXT Review Score Set up a schedule of interest expense and discount amortization under the effective-interest method. (Round intermediate...
Please explain detail
Ayayai Company sells 9% bonds having a maturity value of $1,750,000 for $1,560,756. The bonds are dated January 1, 2017, and mature January 1, 2022. Interest is payable annually on January 1. Determ ine the effective-interest rate. (Round answer to 0 decimal places, eg. i896.) The effective-interest rate LINK TO TEXT Set up a schedule of interest expense and discount amortization under the effective-interest method. (Round intermediate calculations to 6 decimal places, e.g.1.251247 and final answer to...
Marin Company sells 8% bonds having a maturity value of $1,430,000 for $1,321,582. The bonds are dated January 1, 2020, and mature January 1, 2025. Interest is payable annually on January 1. Determine the effective-interest rate. (Round answer to 0 decimal places, e.g. 18%.) The effective-interest rate 10 % Set up a schedule of interest expense and discount amortization under the effective-interest method. (Round intermediate calculations to 5 decimal places, e.g. 1.25124 and final answer to 0 decimal places, e.g....
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