Homework Answers
value of issue by company is called face value of bond
in the given question company issue $4000000 of bond
therefore face amount of bond = $4000000
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O Home on.com/flow/connecthm mework Saved Help Save & Exit Check m On January 1, 2021, Vacation...
on.com/flow/connecthem mework Saved Help Save & Exit Submit Check my work On January 1, 2021, Twister...
on.com/flow/connecthem mework Saved Help Save & Exit Submit Check my work On January 1, 2021, Twister Enterprises, a manufacturer of a variety of transportable spin rides, issues $600,000 of 8% bonds, due in 20 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 $544,795. Record the bond issue on January 1, 2021, and the first two semiannual interest payments on June 30, 2021,...
Chapter 09 Homework X + ucation.com/flow/connect Saved Help Save & Exit 5 Homework Check my w...
Chapter 09 Homework X + ucation.com/flow/connect Saved Help Save & Exit 5 Homework Check my w On January 1, 2021, Universe of Fun issues $900,000, 8% bonds that mature in 10 years. The market interest rate for bonds of similar risk and maturity is 9%, and the bonds issue for $841,464. 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...
Saved Help Save & Exit HW 9 0 Submit Check my work On January 1, 2021,...
Saved Help Save & Exit HW 9 0 Submit Check my work On January 1, 2021, Twister Enterprises, a manufacturer of a variety of transportable spin rides, issues $540,000 of 7% bonds, due in 10 years, with interest payable semiannually on June 30 and December 31 each year Part 1 of 3 Required: 1. If the market interest rate is 7%, the bonds will issue at $540,000. Record the bond issue on January 1, 2021, and the first two semiannual...
Save &Exit Submit Help Saved Check my work On January 1, 2021, Twister Enterprises, a manufacturer...
Save &Exit Submit Help Saved Check my work On January 1, 2021, Twister Enterprises, a manufacturer of a variety of transportable spin rides, issues $540,000 of 7 % bonds, due in 10 years, with interest payable semiannually on June 30 and December 31 each year rt 2 of 3 2. If the market interest rate is 8 % , the bonds will issue at $503,306. Record the bond issue on January 1, 2021, and the first two semiannual interest payments...
Help Save & Exit Discount-Mart issues $10 million in bonds on January 1, 2021. The bonds...
Help Save & Exit Discount-Mart issues $10 million in bonds on January 1, 2021. The bonds have a ten-year term and pay interest semiannually on June 30 and December 31 each year, Below is a partial bond amortization schedule for the bonds Interest Increase in Carrying Value $8,640,967 8,686,606 8,734,070 Cash Paid Expense Carrying Value Date 01/01/2021 06/30/2021 $30ee, eea $345,639 347,464 349,363 351,337 $45,639 47,464 49,363 51,337 12/31/2021 308,000 06/38/2822 . 300,e00 300,e00 8,783,433 8,834,770 12/31/2022 What is the...
Saved Help Save & Exit Submit On January 1, 2021, a company issues $750,000 of 8%...
Saved Help Save & Exit Submit On January 1, 2021, a company issues $750,000 of 8% bonds, due in ten years, with interest payable semiannually on June 30 and December 31 each year. Assuming the market interest rate on the issue date is 8%, the bonds will issue at $750,000. Record the bond issue on January 1, 2021, and the first two semiannual interest payments on June 30, 2021, and December 31, 2021. (If no entry is required for a...
Help Save & Exit Submit Check my work On January 1, 2021, Lyle's Limeade issues 5%,...
Help Save & Exit Submit Check my work On January 1, 2021, Lyle's Limeade issues 5%, 15-year bonds with a face amount of $88,000 for $79,376, priced to yield 6%. Interest is paid semiannually. What amount of interest expense will be recorded in the December 31, 2021, annual income statement? (Do not round your Intermediate calculations. Round your final answer to nearest whole dollar amount) Interest expense < Prev Next > ipe here to search
Exam Help Save & Exit Submit Discount Mart issues $12 million in bonds on January 1,...
Exam Help Save & Exit Submit Discount Mart issues $12 million in bonds on January 1, 2021. The bonds have a seven year term and pay interest semiannually on June 30 and December 31 each year. Below is a partial bond amortization schedule for the bonds Interest Expense Increase in Carrying Value Cash Paid Date 01/01/2021 06/30/2021 12/31/2021 06/30/2022 12/31/2022 $720,000 7 20. 720,000 720,000 $766,538 269.796 773,281 777,011 $46,538 49,796 53,281 57,011 Carrying Value $19,950,544 10,997,082 11,846,878 11, 109,...
supposed the following Help Save & Exit Submit Exercise Check my work Quatro Co. issues bonds...
supposed the following
Help Save & Exit Submit Exercise Check my work Quatro Co. issues bonds dated January 1, 2019, with a par value of $850,000. The bonds' annual contract rate is 12%, and interest is paid semiannually on June 30 and December 31. The bonds mature in three years. The annual market rate at the date of issuance is 10%, and the bonds are sold for $893,131. 1. What is the amount of the premium on these bonds at...
Saved Help Save & Exit #1 Auerbach Inc. issued 4% bonds on October 1, 2021. The...
Saved Help Save & Exit #1 Auerbach Inc. issued 4% bonds on October 1, 2021. The bonds have a maturity date of September 30, 2031 and a face value of $490 million. The bonds pay interest each March 31 and September 30, beginning March 31, 2022. The effective interest rate established by the market was 6%. Assuming that Auerbach issued the bonds for $417,103,000, what would the company report for its net bond liability balance after its first interest payment...
on.com/flow/connecthem mework Saved Help Save & Exit Submit Check my work On January 1, 2021, Twister Enterprises, a manufacturer of a variety of transportable spin rides, issues $600,000 of 8% bonds, due in 20 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 $544,795. Record the bond issue on January 1, 2021, and the first two semiannual interest payments on June 30, 2021,...
Chapter 09 Homework X + ucation.com/flow/connect Saved Help Save & Exit 5 Homework Check my w On January 1, 2021, Universe of Fun issues $900,000, 8% bonds that mature in 10 years. The market interest rate for bonds of similar risk and maturity is 9%, and the bonds issue for $841,464. 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...
Saved Help Save & Exit HW 9 0 Submit Check my work On January 1, 2021, Twister Enterprises, a manufacturer of a variety of transportable spin rides, issues $540,000 of 7% bonds, due in 10 years, with interest payable semiannually on June 30 and December 31 each year Part 1 of 3 Required: 1. If the market interest rate is 7%, the bonds will issue at $540,000. Record the bond issue on January 1, 2021, and the first two semiannual...
Save &Exit Submit Help Saved Check my work On January 1, 2021, Twister Enterprises, a manufacturer of a variety of transportable spin rides, issues $540,000 of 7 % bonds, due in 10 years, with interest payable semiannually on June 30 and December 31 each year rt 2 of 3 2. If the market interest rate is 8 % , the bonds will issue at $503,306. Record the bond issue on January 1, 2021, and the first two semiannual interest payments...
Help Save & Exit Discount-Mart issues $10 million in bonds on January 1, 2021. The bonds have a ten-year term and pay interest semiannually on June 30 and December 31 each year, Below is a partial bond amortization schedule for the bonds Interest Increase in Carrying Value $8,640,967 8,686,606 8,734,070 Cash Paid Expense Carrying Value Date 01/01/2021 06/30/2021 $30ee, eea $345,639 347,464 349,363 351,337 $45,639 47,464 49,363 51,337 12/31/2021 308,000 06/38/2822 . 300,e00 300,e00 8,783,433 8,834,770 12/31/2022 What is the...
Saved Help Save & Exit Submit On January 1, 2021, a company issues $750,000 of 8% bonds, due in ten years, with interest payable semiannually on June 30 and December 31 each year. Assuming the market interest rate on the issue date is 8%, the bonds will issue at $750,000. Record the bond issue on January 1, 2021, and the first two semiannual interest payments on June 30, 2021, and December 31, 2021. (If no entry is required for a...
Help Save & Exit Submit Check my work On January 1, 2021, Lyle's Limeade issues 5%, 15-year bonds with a face amount of $88,000 for $79,376, priced to yield 6%. Interest is paid semiannually. What amount of interest expense will be recorded in the December 31, 2021, annual income statement? (Do not round your Intermediate calculations. Round your final answer to nearest whole dollar amount) Interest expense < Prev Next > ipe here to search
Exam Help Save & Exit Submit Discount Mart issues $12 million in bonds on January 1, 2021. The bonds have a seven year term and pay interest semiannually on June 30 and December 31 each year. Below is a partial bond amortization schedule for the bonds Interest Expense Increase in Carrying Value Cash Paid Date 01/01/2021 06/30/2021 12/31/2021 06/30/2022 12/31/2022 $720,000 7 20. 720,000 720,000 $766,538 269.796 773,281 777,011 $46,538 49,796 53,281 57,011 Carrying Value $19,950,544 10,997,082 11,846,878 11, 109,...
supposed the following
Help Save & Exit Submit Exercise Check my work Quatro Co. issues bonds dated January 1, 2019, with a par value of $850,000. The bonds' annual contract rate is 12%, and interest is paid semiannually on June 30 and December 31. The bonds mature in three years. The annual market rate at the date of issuance is 10%, and the bonds are sold for $893,131. 1. What is the amount of the premium on these bonds at...
Saved Help Save & Exit #1 Auerbach Inc. issued 4% bonds on October 1, 2021. The bonds have a maturity date of September 30, 2031 and a face value of $490 million. The bonds pay interest each March 31 and September 30, beginning March 31, 2022. The effective interest rate established by the market was 6%. Assuming that Auerbach issued the bonds for $417,103,000, what would the company report for its net bond liability balance after its first interest payment...
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