Homework Answers
Add Answer to:
above are choiceses for general journal
what will the answer be for (a and b)?
Accounts...
[The following information applies to the questions displayed below.] Legacy issues $600,000 of 7.0%, four-year bonds...
[The following information applies to the questions
displayed below.]
Legacy issues $600,000 of 7.0%, four-year bonds dated January 1,
2019, that pay interest semiannually on June 30 and December 31.
They are issued at $541,807 when the market rate is 10%.
1. Prepare the January 1 journal entry to
record the bonds' issuance.
Options for the
General Journal
Accounts payable
Accounts receivable
Accumulated depreciation
Bond interest expense
Bond interest payable
Bonds payable
Cash
Common stock
Contributed capital in excess of...
Check my wor Dunphy Company issued $46,000 of 6.0%, 10 year bonds at par value on...
Check my wor Dunphy Company issued $46,000 of 6.0%, 10 year bonds at par value on January 1. Interest is paid semiannually each June 30 and December 31. Prepare the entries for (a) the issuance of the bonds and (b) the first interest payment on June 30. View transaction list Journal entry worksheet Record the issuance of the bonds. Note: Enter debits before credits General Journal Credit Date Jan 01 Debit 45.000 Cash < Prev 20 of 27 !!! Next...
[The following information applies to the questions displayed below.] Duval Co. issues four-year bonds with a...
[The following information applies to the questions
displayed below.]
Duval Co. issues four-year bonds with a $106,000 par value on
January 1, 2019, at a price of $100,944. The annual contract rate
is 8%, and interest is paid semiannually on June 30 and December
31.
Prepare journal entries to record the first
two interest payments. (Round your answers to the nearest
dollar amount.)
2) Record the interest
payment and discount amortization on December 31, 2019.
Options for the General Journal...
Dunphy Company issued $10,000 of 6%, 10-year bonds at par value on January 1. Interest is...
Dunphy Company issued $10,000 of 6%, 10-year bonds at par value on January 1. Interest is paid semiannually each June 30 and December 31. Prepare the entries for (a) the issuance of the bonds and (b) the first interest payment on June 30. View transaction list Journal entry worksheet Record the issuance of the bonds. Note: Enter debits before credits Date Jan 01 General Journal Debit Credit Record entry Clear entry View general journal < Prev 1 of 17 !!!...
Straight-Line Discount Amortization Instructions Chart of Accounts General Journal Instructions Bryan Company issued $510,000 of 9%...
Straight-Line Discount Amortization Instructions Chart of Accounts General Journal Instructions Bryan Company issued $510,000 of 9% face value bonds on January 1, 2016, for $498,840. The bonds are due December 31, 2018, and pay interest semiannually on June 30 and December 31. Bryan uses the straight-line amortization method. Required: Prepare the journal entries to record the issuance of the bonds and the first two interest payments. Chart of Accounts CHART OF ACCOUNTS Bryan Company General Ledger ASSETS 111 Cash 121...
Enviro Company issues 8%, 10-year bonds with a par value of $260,000 and semiannual interest payments....
Enviro Company issues 8%, 10-year bonds with a par value of $260,000 and semiannual interest payments. On the issue date, the annual market rate for these bonds is 10%, which implies a selling price of 87 12. The straight-line method is used to allocate interest expense. 1. Using the implied selling price of 87 %, what are the issuer's cash proceeds from issuance of these bonds? 2. What total amount of bond interest expense will be recognized over the life...
Dunphy Company issued $48,000 of 6.5%, 10-year bonds at par value on January 1. Interest is...
Dunphy Company issued $48,000 of 6.5%, 10-year bonds at par value on January 1. Interest is paid semiannually each June 30 and December 31. Prepare the entries for (a) the issuance of the bonds and (b) the first interest payment on June 30. View transaction list points Journal entry worksheet ( 8 02:18:20 Record the issuance of the bonds. Note: Enter debits before credits. Date General Journal Debit Credit Jan 01 Record entry Clear entry View general journal
Dunphy Company issued $12,000 of 6.5%, 10-year bonds at par value on January 1. Interest is...
Dunphy Company issued $12,000 of 6.5%, 10-year bonds at par value on January 1. Interest is paid semiannually each June 30 and December 31. Prepare the entries for (a) the issuance of the bonds and (b) the first interest payment on June 30. View transaction list Journal entry worksheet 1 2 Record the issuance of the bonds. Note: Enter debits before credits General Journal Debit Credit Date Jan 01 Prey 2 of 9 FE Next > in $ N Search
The founder of Frenza asks us to assist her in accounting and analysis of the corporation’s...
The founder of Frenza asks us to assist her in accounting and
analysis of the corporation’s bonds, which have an annual contract
rate of 8%. She wants to know the business and accounting
implications of further debt issuances as she looks for ways to
finance the growth of Frenza. The following Tableau Dashboard is
provided to help us address her questions and provide
recommendations for her business decisions.
Frenza Bond Amortization (Carrying Value (Green)) (Unamortized
Discount (red))
Frenza: January 1,...
Brussels Enterprises issues bond at...... Check my work mode : This shows what is correct or...
Brussels Enterprises issues bond at......
Check my work mode : This shows what is correct or incorrect for the work you have completed so far. It does not indicate Exercise 10-2 Recording bond issuance at par, interest payments, and bond maturity LO P1 Brussels Enterprises issues bonds at par dated January 1, 2019, that have a $2,400,000 par value, mature in four years, and pay 6% interest semiannually on June 30 and December 31. 1. Record the entry for the...
[The following information applies to the questions
displayed below.]
Legacy issues $600,000 of 7.0%, four-year bonds dated January 1,
2019, that pay interest semiannually on June 30 and December 31.
They are issued at $541,807 when the market rate is 10%.
1. Prepare the January 1 journal entry to
record the bonds' issuance.
Options for the
General Journal
Accounts payable
Accounts receivable
Accumulated depreciation
Bond interest expense
Bond interest payable
Bonds payable
Cash
Common stock
Contributed capital in excess of...
Check my wor Dunphy Company issued $46,000 of 6.0%, 10 year bonds at par value on January 1. Interest is paid semiannually each June 30 and December 31. Prepare the entries for (a) the issuance of the bonds and (b) the first interest payment on June 30. View transaction list Journal entry worksheet Record the issuance of the bonds. Note: Enter debits before credits General Journal Credit Date Jan 01 Debit 45.000 Cash < Prev 20 of 27 !!! Next...
[The following information applies to the questions
displayed below.]
Duval Co. issues four-year bonds with a $106,000 par value on
January 1, 2019, at a price of $100,944. The annual contract rate
is 8%, and interest is paid semiannually on June 30 and December
31.
Prepare journal entries to record the first
two interest payments. (Round your answers to the nearest
dollar amount.)
2) Record the interest
payment and discount amortization on December 31, 2019.
Options for the General Journal...
Dunphy Company issued $10,000 of 6%, 10-year bonds at par value on January 1. Interest is paid semiannually each June 30 and December 31. Prepare the entries for (a) the issuance of the bonds and (b) the first interest payment on June 30. View transaction list Journal entry worksheet Record the issuance of the bonds. Note: Enter debits before credits Date Jan 01 General Journal Debit Credit Record entry Clear entry View general journal < Prev 1 of 17 !!!...
Enviro Company issues 8%, 10-year bonds with a par value of $260,000 and semiannual interest payments. On the issue date, the annual market rate for these bonds is 10%, which implies a selling price of 87 12. The straight-line method is used to allocate interest expense. 1. Using the implied selling price of 87 %, what are the issuer's cash proceeds from issuance of these bonds? 2. What total amount of bond interest expense will be recognized over the life...
Dunphy Company issued $48,000 of 6.5%, 10-year bonds at par value on January 1. Interest is paid semiannually each June 30 and December 31. Prepare the entries for (a) the issuance of the bonds and (b) the first interest payment on June 30. View transaction list points Journal entry worksheet ( 8 02:18:20 Record the issuance of the bonds. Note: Enter debits before credits. Date General Journal Debit Credit Jan 01 Record entry Clear entry View general journal
Dunphy Company issued $12,000 of 6.5%, 10-year bonds at par value on January 1. Interest is paid semiannually each June 30 and December 31. Prepare the entries for (a) the issuance of the bonds and (b) the first interest payment on June 30. View transaction list Journal entry worksheet 1 2 Record the issuance of the bonds. Note: Enter debits before credits General Journal Debit Credit Date Jan 01 Prey 2 of 9 FE Next > in $ N Search
The founder of Frenza asks us to assist her in accounting and
analysis of the corporation’s bonds, which have an annual contract
rate of 8%. She wants to know the business and accounting
implications of further debt issuances as she looks for ways to
finance the growth of Frenza. The following Tableau Dashboard is
provided to help us address her questions and provide
recommendations for her business decisions.
Frenza Bond Amortization (Carrying Value (Green)) (Unamortized
Discount (red))
Frenza: January 1,...
Brussels Enterprises issues bond at......
Check my work mode : This shows what is correct or incorrect for the work you have completed so far. It does not indicate Exercise 10-2 Recording bond issuance at par, interest payments, and bond maturity LO P1 Brussels Enterprises issues bonds at par dated January 1, 2019, that have a $2,400,000 par value, mature in four years, and pay 6% interest semiannually on June 30 and December 31. 1. Record the entry for the...
Most questions answered within 3 hours.
-
A machine shop owner wishes to assign each of three machinists
(labeled 1, 2, and 3)...
asked 11 minutes ago -
Regarding language development, which of the following
statements is FALSE?
Babies are able to cry from...
asked 10 minutes ago -
A couple of small ice cubes at 0 °C are added to glass of warm
water...
asked 8 minutes ago -
Slow 'n Steady, Inc., has a stock price of $30, will pay a
dividend next year...
asked 12 minutes ago -
During the current financial year, the owner of Omega
Enterprises withdrew supplies of $2,000 for personal...
asked 8 minutes ago -
PLEASE SHOW MATH CALCULATION(formulas)it has to be done on excel
P12-4 Last year (2016), Richter Condos...
asked 16 minutes ago -
A 0.25μF capacitor is charged to 50 V . It is then connected in
series with...
asked 32 minutes ago -
Calculate the current, I, through the batteries for:
- a 2-bulb parallel circuit
- How does...
asked 34 minutes ago -
Choose the sentence that uses correct punctuation.
1a. The prefatory parts of a report include the...
asked 40 minutes ago -
For the element arsenic, which one of the following sets of
quantum numbers could not apply...
asked 49 minutes ago -
Compare and contrast the architectures of 3 types of ADCs:
Flash, SAR, and pipelined. Use the...
asked 50 minutes ago -
Given P(A) = 0.40, P(B) = 0.50, P(A ∩ B) = 0.15. Which of the
following...
asked 55 minutes ago