Question 1 Issuing Bonds at Face Amount On January 1, the first day of the fiscal...
Issuing Bonds at Face Amount On January 1, the first day of the fiscal year, Designer Fabric Inc. issues a $200,000, 6%, 10-year bond that pays semiannual interest of $6,000 ($200,000 × 6% × ½ year), receiving cash of $200,000. (a) Journalize the entry to record the issuance of the bonds. If an amount box does not require an entry, leave it blank. Cash Bonds Payable (b) Journalize the entry to record the first interest payment on June 30. If an amount...
Issuing Bonds at Face Amount On January 1, the first day of the fiscal year, Designer Fabric Inc. issues a $3,000,000, 8%, 10-year bond that pays semiannual interest of $120,000 ($3,000,000 x 8% x V2 year), receiving cash of $3,000,000. (a) Journalize the entry to record the issuance of the bonds. If an amount box does not require an entry, leave it blank. (b) Journalize the entry to record the first interest payment on June 30. If an amount box...
Issuing Bonds at a Face Amount On January 1, the first day of the fiscal year, Designer Fabric Inc. issues a $900,000, 8%, 10-year bond that pays semiannual interest of $36,000 ($900,000 × 8% × ½ year), receiving cash of $900,000. (a) Journalize the entry to record the issuance of the bonds. (b) Journalize the entry to record the first interest payment on June 30.(b) Journalize the entry to record the first interest payment on June 30. (c) Journalize the entry to record the...
1-Issuing Bonds at a Premium On the first day of the fiscal year, a company issues a $2,500,000, 12%, 4-year bond that pays semiannual interest of $150,000 ($2,500,000 × 12% × ½), receiving cash of $2,661,579. Journalize the bond issuance. If an amount box does not require an entry, leave it blank. 2-Premium Amortization On the first day of the fiscal year, a company issues a $2,600,000, 9%, 9-year bond that pays semiannual interest of $117,000 ($2,600,000 × 9% ×...
Issuing Bonds at a Premium On the first day of the fiscal year, a company issues an $5,800,000, 8%, 9-year bond that pays semiannual interest of $232,000 ($5,800,000 × 8% × ½), receiving cash of $6,182,502. Journalize the bond issuance. If an amount box does not require an entry, leave it blank. Cash Premium on Bonds Payable Bonds Payable On the first day of the fiscal year, a company issues a $6,000,000, 11%, 4-year bond that pays semiannual interest of...
On January 1, the first day of the fiscal year, Designer Fabric Inc. issues a $3,000,000, 8%, 10-year bond that pays semiannual interest of $120,000 ($3,000,000 x 8% x ½ year), receiving cash of $3,000,000. (a) Journalize the entry to record the issuance of the bonds. If an amount box does not require an entry, leave it blank. (b) Journalize the entry to record the first interest payment on June 30. If an amount box does not require an entry,...
Issuing Bonds at a Face Amount On January 1, the first day of the fiscal year, a company issues a $250,000, 7%, 10-year bond that pays semiannual interest of $8,750 ($250,000 × 7% × ½ year), receiving cash of $250,000. (a) Journalize the entry to record the issuance of the bonds. (b) Journalize the entry to record the first interest payment on June 30. (c) Journalize the entry to record the payment of the principal on the maturity date.
help please!! Issuing Bonds at a Discount On the first day of the fiscal year, a company issues a $2,400,000, 7%, 6-year bond that pays semiannual interest of $84,000 $2,400,000 x 7% x V), receiving cash of $2,287,379 Journalize the bond issuance. If an amount box does not require an entry, leave it blank. Accounts Payable Bonds Payable Cash Interest Expense Interest Payable Premium on Bonds Payable Discount Amortization On the first day of the fiscal year, a company issues...
Please help! Thank you! Issuing Bonds at a Face Amount On January 1, the first day or the fiscal year, Designer Fabric Inc. issues a SS00,000, 8%, 10-year bond that pays semiannual interest of cash of $500,000. S20,000 (SS00,000 × %、a year), receiving (a) Journalize the entry to record the issuance of the bonds (b) Journalize the entry to record the first interest payment on June 30 (c) Journalize the entry to record the payment of the principal on the...
Issuing Bonds at a Premium On the first day of the fiscal year, a company issues a $5,500,000, 6%, 8-year bond that pays semiannual interest of $165,000 ($5,500,000 x 6% %). receiving cash of $5,859,013. Journalize the bond issuance. If an amount box does not require an entry, leave it blank. Check My Work 2 more Check My Works remaining Premium Amortization On the first day of the fiscal year, a company issues a $5,500,000, 10%, 6-year bond that pays...