Homework Answers
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Total amount paid to bondholders = 31,000 * 10% * 6 months /12 months = 3100 * 6/12 = 1550 Option A is the answer |
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On July 1, 2018, Mason & Beech Services issued $31,000 of 10% bonds that mature in...
On July 1, 2019, Reliable Services issued $47,000 of 9% bonds that mature in five years...
On July 1, 2019, Reliable Services issued $47,000 of 9% bonds that mature in five years for $59,000. The bonds pay semiannual interest payments on June 30 and December 31 of each year. On December 31, 2019, what is the total amount paid to bondholders?
Please write dollar amounts without any comma, point, or $ On January 1, 2013, Davie Services...
Please write dollar amounts without any comma, point, or $ On January 1, 2013, Davie Services issued $20,000 of 8% bonds that mature in five years. They were sold at par. The bonds pay semiannual interest payments on June 30 and December 31 of each year. On June 30, 2013, the total interest payments made to bondholders is $
On January 1, 2018, Madison Products issued $40.3 million of 8%, 10-year convertible bonds at a...
On January 1, 2018, Madison Products issued $40.3 million of 8%,
10-year convertible bonds at a net price of $41.13 million. Madison
recently issued similar, but nonconvertible, bonds at 98 (that is,
98% of face amount). The bonds pay interest on June 30 and December
31. Each $1,000 bond is convertible into 30 shares of Madison’s no
par common stock. Madison records interest by the straight-line
method.
On June 1, 2020, Madison notified bondholders of its intent to call
the...
On January 1, 2018, Madison Products issued $41.4 million of 6%, 10-year convertible bonds at a...
On January 1, 2018, Madison Products issued $41.4 million of 6%, 10-year convertible bonds at a net price of $42.34 million. Madison recently issued similar, but nonconvertible, bonds at 99 (that is, 99% of face amount). The bonds pay interest on June 30 and December 31. Each $1,000 bond is convertible into 30 shares of Madison’s no par common stock. Madison records interest by the straight-line method. On June 1, 2020, Madison notified bondholders of its intent to call the...
On January 1, 2018, Madison Products issued $41.5 million of 6%, 10-year convertible bonds at a...
On January 1, 2018, Madison Products issued $41.5 million of 6%, 10-year convertible bonds at a net price of $42.45 million. Madison recently issued similar, but nonconvertible, bonds at 98 (that is, 98% of face amount). The bonds pay interest on June 30 and December 31. Each $1,000 bond is convertible into 30 shares of Madison's no par common stock. Madison records interest by the straight-line method. On June 1, 2020, Madison notified bondholders of its intent to call the...
On January 1, 2018, Madison Products issued $41.4 million of 6%, 10-year convertible bonds at a...
On January 1, 2018, Madison Products issued $41.4 million of 6%, 10-year convertible bonds at a net price of $42.34 million. Madison recently issued similar, but nonconvertible, bonds at 99 (that is, 99% of face amount). The bonds pay interest on June 30 and December 31. Each $1,000 bond is convertible into 30 shares of Madison's no par common stock. Madison records interest by the straight-line method. On June 1, 2020, Madison notified bondholders of its intent to call the...
On January 1, Renewable Energy issues bonds that have a $20,000 par value, mature in eight...
On January 1, Renewable Energy issues bonds that have a $20,000 par value, mature in eight years, and pay 12% interest semiannually on June 30 and December 31. 1. Prepare the journal entry for issuance assuming the bonds are issued at a 99 and (6) 10312 2. How much interest does the company pay (in cash) to its bondholders every six months of the bonds are sold at par? Complete this question by entering your answers in the tabs below....
In 2018, Hasbro Inc. issued 10% bonds with a face value of $6,000,000. These bonds mature...
In 2018, Hasbro Inc. issued 10% bonds with a face value of $6,000,000. These bonds mature in the five years, and interest is paid semiannually on June 30 and December 31. The bonds were sold for $5,558,400 to yield 12%. Hasbro uses a calendar-year reporting period. Using the effective-interest method of amortization, what amount of interest expense should be reported for 2018? (Round your answer to the nearest dollar.) *Please explain. I know the answer, my method is incorrect.
please answer the following questions. (journal entries) 1. On July 1, 2013. Avery Services issued a...
please answer the following questions.
(journal entries)
1. On July 1, 2013. Avery Services issued a 4% long-term note payable for S10,000. It is payable over a 5-year term in $2,000 principal installments on July 1 of each year. Each yearly installment will include both principal repayment of $2,000 and interest payment for the preceding one-year period. Please provide the journal entry needed on July 1, 2014 when the first installment payment is made. (4 points) 2. Paris Company buys...
On January 1, Boston Enterprises issues bonds that have a $1,350,000 par value, mature in 20...
On January 1, Boston Enterprises issues bonds that have a $1,350,000 par value, mature in 20 years, and pay 8% interest semiannually on June 30 and December 31. The bonds are sold at par. 1. How much interest will Boston pay (in cash) to the bondholders every six months? 2. Prepare journal entries to record (a) the issuance of bonds on January 1, (b) the first interest payment on June 30, and (c) the second interest payment on December 31....
On January 1, 2018, Madison Products issued $40.3 million of 8%,
10-year convertible bonds at a net price of $41.13 million. Madison
recently issued similar, but nonconvertible, bonds at 98 (that is,
98% of face amount). The bonds pay interest on June 30 and December
31. Each $1,000 bond is convertible into 30 shares of Madison’s no
par common stock. Madison records interest by the straight-line
method.
On June 1, 2020, Madison notified bondholders of its intent to call
the...
On January 1, 2018, Madison Products issued $41.5 million of 6%, 10-year convertible bonds at a net price of $42.45 million. Madison recently issued similar, but nonconvertible, bonds at 98 (that is, 98% of face amount). The bonds pay interest on June 30 and December 31. Each $1,000 bond is convertible into 30 shares of Madison's no par common stock. Madison records interest by the straight-line method. On June 1, 2020, Madison notified bondholders of its intent to call the...
On January 1, 2018, Madison Products issued $41.4 million of 6%, 10-year convertible bonds at a net price of $42.34 million. Madison recently issued similar, but nonconvertible, bonds at 99 (that is, 99% of face amount). The bonds pay interest on June 30 and December 31. Each $1,000 bond is convertible into 30 shares of Madison's no par common stock. Madison records interest by the straight-line method. On June 1, 2020, Madison notified bondholders of its intent to call the...
On January 1, Renewable Energy issues bonds that have a $20,000 par value, mature in eight years, and pay 12% interest semiannually on June 30 and December 31. 1. Prepare the journal entry for issuance assuming the bonds are issued at a 99 and (6) 10312 2. How much interest does the company pay (in cash) to its bondholders every six months of the bonds are sold at par? Complete this question by entering your answers in the tabs below....
please answer the following questions.
(journal entries)
1. On July 1, 2013. Avery Services issued a 4% long-term note payable for S10,000. It is payable over a 5-year term in $2,000 principal installments on July 1 of each year. Each yearly installment will include both principal repayment of $2,000 and interest payment for the preceding one-year period. Please provide the journal entry needed on July 1, 2014 when the first installment payment is made. (4 points) 2. Paris Company buys...
On January 1, Boston Enterprises issues bonds that have a $1,350,000 par value, mature in 20 years, and pay 8% interest semiannually on June 30 and December 31. The bonds are sold at par. 1. How much interest will Boston pay (in cash) to the bondholders every six months? 2. Prepare journal entries to record (a) the issuance of bonds on January 1, (b) the first interest payment on June 30, and (c) the second interest payment on December 31....
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