Homework Answers
Par value of bonds=$100000
Interest is paid semi - annually so interest rate shall be =9%/2 =4.5%
Amount of interest on first semi - annual date:
=Par value * interest rate
=$100000*4.5%=$4500
Amount of interest should be paid to holders =$4500
Note: Market rate of interest is irrelevant in this case since it will used for recognition of interest expense on amortized amount.
Add Answer to:
Show all work please.
Problem 10 points. Show your calculations to solve this problem and answer...
Show all work please. Problem 10 points. Show your calculations to solve this problem and answer...
Show all work please.
Problem 10 points. Show your calculations to solve this problem and answer these questions 186. A company issued 9%, 10-year bonds with a par value of $100,000. Interest is paid semiannually. The market interest rate on the issue date was 10%, and the issuer received $95.016 cash for the bonds. On the first semiannual interest date, what amount of cash should be paid to the holders of these bonds for interest? (Note this is a calculation...
2) A company issued 9%, 10-year bonds with a par value of $100,000. Interest is paid...
2) A company issued 9%, 10-year bonds with a par value of $100,000. Interest is paid semiannually. The market interest rate on the issue date was 10%, and the issuer received $95,016 cash for the bonds. Prepare a journal entry to record the issuance of the bond On the first semiannual interest date, what amount of cash should be paid to the holders of these bonds for interest? On January 1, ABC company issued a 12%, 10-year bond with a...
1) Johanna Corporation issued $3,000,000 of 8%, 20-year bonds payable at par value on January 1....
1) Johanna Corporation issued $3,000,000 of 8%, 20-year bonds payable at par value on January 1. Interest is payable each June 30 and December 31. (a) Prepare the general journal entry to record the issuance of the bonds on January (b) Prepare the general journal entry to record the first interest payment on June 30. 2) A company issued 9%, 10-year bonds with a par value of $100,000. Interest is paid semiannually. The market interest rate on the issue date...
Show all work please. Problem 10 points. Show your calculations to solve this problem and answer...
Show all work please.
Problem 10 points. Show your calculations to solve this problem and answer these questions 218. On June 30, a company declared a cash dividend of $0.35 per common share to the shareholders of record on July 15. The cash dividend will be paid on July 31. This company has 500,000 shares authorized and 100,000 shares outstanding. Prepare the journal entries required on June 30, July 15 and July 31 (if any).
Show all work please. Problem 10 points. Show your calculations to solve this problem and answer...
Show all work please.
Problem 10 points. Show your calculations to solve this problem and answer these questions 181 On June 1, Jasper Company signed a $25,000, 120-day, 6% note payable to cover a past due account payable. a. What is the total amount of interest to be paid on this note? b. Prepare Jasper Company's general journal entry or t-accounts to record the issuance of the note payable. C. Prepare Jasper Company's general journal entry or t-accounts to record...
Please show all supporting computations. Points will be deducted if you do not show your work....
Please show all supporting computations. Points will be deducted if you do not show your work. 1. Prepare the necessary journal entries to record the following transactions relating to the long-term issuance of bonds of Pitts Company: (4 points) January 1 Issued $3.000,000 of Pitts Company 5-ycar, 4% bonds at a price of 96.5. Interest on the bonds is payable semiannually on July 1 and January 1. The bonds are callable after 2 years at a price of 102. July...
Hello, Can you show me steps on how to solve this problem please. Bringham Company issues...
Hello,
Can you show me steps on how to solve this problem please.
Bringham Company issues bonds with a par value of $560,000. The bonds mature in 8 years and pay 7% annual interest in semiannual payments. The annual market rate for the bonds is 10%. (Table B.1, Table B.2, Table B.3, and Table B.4) (Use appropriate factor(s) from the tables provided.) 1. Compute the price of the bonds as of their issue date. 2. Prepare the journal entry to...
Can anyone help me? I can't figure this out or the next problem. Please show work...
Can anyone help me? I can't figure this out or the next
problem. Please show work :)
On January 1, 2021, Twister Enterprises, a manufacturer of a variety of transportable spin rides, issues $590,000 of 8% bonds, due in 15 years, with interest payable semiannually on June 30 and December 31 each year. 2. If the market interest rate is 9%, the bonds will issue at $541,948. Record the bond issue on January 1, 2021, and the first two semiannual...
Exercise 10-3A Computing bond interest and price; recording bond issuance LO C2 Bringham Company issues bonds...
Exercise 10-3A Computing bond interest and price; recording bond issuance LO C2 Bringham Company issues bonds with a par value of $530,000 on their stated issue date. The bonds mature in 5 years and pay 10% annual interest in semiannual payments. On the issue date, the annual market rate for the bonds is 12% (Table B.1. Table B. 2. Table 8.3. and Table 8.4) (Use appropriate factor(s) from the tables provided.) 1. What is the amount of each semiannual interest...
Exercise 10-8A Computing bond interest and price; recording bond issuance LO C2, P3 3 points Citywide...
Exercise 10-8A Computing bond interest and price; recording bond issuance LO C2, P3 3 points Citywide Company issues bonds with a par value of $76,000 on their stated issue date. The bonds mature in ten years and pay 9% annual interest in semiannual payments. On the issue date, the annual market rate for the bonds is 8%. (Table B1, Table B.2. Table B.3, and Table B.4) (Use appropriate factor(s) from the tables provided.) eBook 1. What is the amount of...
Show all work please.
Problem 10 points. Show your calculations to solve this problem and answer these questions 186. A company issued 9%, 10-year bonds with a par value of $100,000. Interest is paid semiannually. The market interest rate on the issue date was 10%, and the issuer received $95.016 cash for the bonds. On the first semiannual interest date, what amount of cash should be paid to the holders of these bonds for interest? (Note this is a calculation...
2) A company issued 9%, 10-year bonds with a par value of $100,000. Interest is paid semiannually. The market interest rate on the issue date was 10%, and the issuer received $95,016 cash for the bonds. Prepare a journal entry to record the issuance of the bond On the first semiannual interest date, what amount of cash should be paid to the holders of these bonds for interest? On January 1, ABC company issued a 12%, 10-year bond with a...
1) Johanna Corporation issued $3,000,000 of 8%, 20-year bonds payable at par value on January 1. Interest is payable each June 30 and December 31. (a) Prepare the general journal entry to record the issuance of the bonds on January (b) Prepare the general journal entry to record the first interest payment on June 30. 2) A company issued 9%, 10-year bonds with a par value of $100,000. Interest is paid semiannually. The market interest rate on the issue date...
Show all work please.
Problem 10 points. Show your calculations to solve this problem and answer these questions 218. On June 30, a company declared a cash dividend of $0.35 per common share to the shareholders of record on July 15. The cash dividend will be paid on July 31. This company has 500,000 shares authorized and 100,000 shares outstanding. Prepare the journal entries required on June 30, July 15 and July 31 (if any).
Show all work please.
Problem 10 points. Show your calculations to solve this problem and answer these questions 181 On June 1, Jasper Company signed a $25,000, 120-day, 6% note payable to cover a past due account payable. a. What is the total amount of interest to be paid on this note? b. Prepare Jasper Company's general journal entry or t-accounts to record the issuance of the note payable. C. Prepare Jasper Company's general journal entry or t-accounts to record...
Please show all supporting computations. Points will be deducted if you do not show your work. 1. Prepare the necessary journal entries to record the following transactions relating to the long-term issuance of bonds of Pitts Company: (4 points) January 1 Issued $3.000,000 of Pitts Company 5-ycar, 4% bonds at a price of 96.5. Interest on the bonds is payable semiannually on July 1 and January 1. The bonds are callable after 2 years at a price of 102. July...
Hello,
Can you show me steps on how to solve this problem please.
Bringham Company issues bonds with a par value of $560,000. The bonds mature in 8 years and pay 7% annual interest in semiannual payments. The annual market rate for the bonds is 10%. (Table B.1, Table B.2, Table B.3, and Table B.4) (Use appropriate factor(s) from the tables provided.) 1. Compute the price of the bonds as of their issue date. 2. Prepare the journal entry to...
Can anyone help me? I can't figure this out or the next
problem. Please show work :)
On January 1, 2021, Twister Enterprises, a manufacturer of a variety of transportable spin rides, issues $590,000 of 8% bonds, due in 15 years, with interest payable semiannually on June 30 and December 31 each year. 2. If the market interest rate is 9%, the bonds will issue at $541,948. Record the bond issue on January 1, 2021, and the first two semiannual...
Exercise 10-3A Computing bond interest and price; recording bond issuance LO C2 Bringham Company issues bonds with a par value of $530,000 on their stated issue date. The bonds mature in 5 years and pay 10% annual interest in semiannual payments. On the issue date, the annual market rate for the bonds is 12% (Table B.1. Table B. 2. Table 8.3. and Table 8.4) (Use appropriate factor(s) from the tables provided.) 1. What is the amount of each semiannual interest...
Exercise 10-8A Computing bond interest and price; recording bond issuance LO C2, P3 3 points Citywide Company issues bonds with a par value of $76,000 on their stated issue date. The bonds mature in ten years and pay 9% annual interest in semiannual payments. On the issue date, the annual market rate for the bonds is 8%. (Table B1, Table B.2. Table B.3, and Table B.4) (Use appropriate factor(s) from the tables provided.) eBook 1. What is the amount of...
Most questions answered within 3 hours.
-
Please explain how participation income and expenses are
allocated to each partner. Where is this defined?
asked 2 seconds ago -
The tires of a car make 61 revolutions as the car reduces its
speed uniformly from...
asked 15 minutes ago -
Peabody, Inc., sells fireworks. The company’s marketing director
developed the following cost of goods sold budget...
asked 19 minutes ago -
A signal transduction pathway includes the steps listed
below.
1. An inactive signal transduction molecule is...
asked 18 minutes ago -
1. The correlation coefficient determined for two variables has
a value of 0.89. Describe, in words,...
asked 24 minutes ago -
The following data relate to direct materials costs for
November:
Actual costs
4,700 pounds at $5.35...
asked 23 minutes ago -
Kyle, a 95.0 kg football player, leaps straight up into the air
(with no horizontal velocity)...
asked 47 minutes ago -
Which of the following is a measure of profitability?
A.
Quick (acid-test) ratio
B.
Net sales...
asked 49 minutes ago -
Find the total pressure exerted by 2 grams of ethane and 3 grams
of CO2 contained...
asked 51 minutes ago -
A fireman standing on a 5.2 m high ladder operates a water hose
with a round...
asked 47 minutes ago -
A cream formulation is studied for accelerated stability study.
Creaming was observed when formulation was tested...
asked 50 minutes ago -
A 1,150 lumen light bulb is placed 37 cm in front of a mirrored
wall, whose...
asked 1 hour ago