show how you got: number of
semiannual period in 9 years
Homework Answers
| Account | Debit | Credit |
|---|---|---|
| Interest expense | 239,012 | |
| Discount on bonds payable | 11,012 | |
| Cash | 228,000 |
Bond discount amortization = (3,800,000-3,601,785)/(9 years * 2 periods)
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show how you got: number of
semiannual period in 9 years
Discount Amortization On the first...
Discount Amortization On the first day of the fiscal year, a company issues a $3,800,000, 12%,...
Discount Amortization On the first day of the fiscal year, a company issues a $3,800,000, 12%, 7-year bond that pays semiannual interest of $228,000 ($3,800,000 x 12% * Va), receiving cash of $3,467,673. Journalize the first interest payment and the amortization of the related bond discount. Round to the nearest dollar. If an amount box does not require an entry, leave it blank.
Discount Amortization On the first day of the fiscal year, a company issues a $2,600,000, 12 %, 9-year bond that pa...
Discount Amortization On the first day of the fiscal year, a company issues a $2,600,000, 12 %, 9-year bond that pays semiannual interest of $156,000 ($2,600,000 x 12% x % ) , receiving cash of $2,221,467. Journalize the first interest payment and the amortization of the related bond discount. Round to the nearest dollar. If an amount box does not require an entry, leave it blank
Discount Amortization On the first day of the fiscal year, a company issues a...
show how you got: number of semiannual period in 7 years Issuing Bonds at a Premium...
show how you got: number of
semiannual period in 7 years
Issuing Bonds at a Premium On the first day of the fiscal year, a company issues a $3,800,000, 9%, 7-year bond that pays semiannual interest of $171,000 ($3,800,000 x 9% 12), receiving cash of $4,214,979. Journalize the bond issuance. If an amount box does not require an entry, leave it blank. Cash 4,214,979 Discount on Bonds Payable Bonds Payable
Question 3 Answer A and B AB Issuing Bonds at a Discount On the first day...
Question 3 Answer A and B
AB
Issuing Bonds at a Discount On the first day of the fiscal year, a company issues a $7,600,000, 6%, 6-year bond that pays semiannual interest of $228,000 ($7,600,000 6% x 12), receiving cash of $6,886,734. Journalize the bond issuance. If an amount box does not require an entry, leave it blank. Cash Discount on Bonds Payable Bonds Payable Discount Amortization On the first day of the fiscal year, a company issues a $7,600,000,...
1) Premium Amortization On the first day of the fiscal year, a company issues a $7,800,000,...
1) Premium Amortization On the first day of the fiscal year, a company issues a $7,800,000, 11%, 5-year bond that pays semiannual interest of $429,000 ($7,800,000 × 11% × ½), receiving cash of $8,417,190. Journalize the first interest payment and the amortization of the related bond premium. Round to the nearest dollar. If an amount box does not require an entry, leave it blank. Cash Premium on Bonds Payable Bonds Payable 2) Discount Amortization On the first day of the...
Discount Amortization On the first day of the fiscal year, a company issues a $7,500,000, 12%,...
Discount Amortization On the first day of the fiscal year, a company issues a $7,500,000, 12%, 9-year bond that pays semiannual interest of $450,000 ($7,500,000 × 12% × ½), receiving cash of $6,408,074. Journalize the first interest payment and the amortization of the related bond discount. Round to the nearest dollar. If an amount box does not require an entry, leave it blank. Interest Expense Premium on Bonds Payable Cash
Discount Amortization On the first day of the fiscal year, a company issues a $2,800,000, 10%,...
Discount Amortization On the first day of the fiscal year, a company issues a $2,800,000, 10%, 9-year bond that pays semiannual interest of $140,000 ($2,800,000 × 10% × ½), receiving cash of $2,496,826. Journalize the first interest payment and the amortization of the related bond discount. Round to the nearest dollar. If an amount box does not require an entry, leave it blank.
Discount Amortization On the first day of the fiscal year, a company issues a $3,000,000, 11%,...
Discount Amortization On the first day of the fiscal year, a company issues a $3,000,000, 11%, 9-year bond that pays semiannual interest of $165,000 ($3,000,000 × 11% × ½), receiving cash of $2,547,343. Journalize the first interest payment and the amortization of the related bond discount. Round to the nearest dollar. If an amount box does not require an entry, leave it blank. Interest Expense 210265 (incorrect) Discount on Bonds Payable 45265 (incorrect) Cash 165000 (correct) I tried rounding One...
Discount Amortization On the first day of the fiscal year, a company issues a $9,000,000, 6%,...
Discount Amortization On the first day of the fiscal year, a company issues a $9,000,000, 6%, 5-year bond that pays semiannual interest of $270,000 ($9,000,000 x 6% x 12), receiving cash of $8,625,753. Journalize the first interest payment and the amortization of the related bond discount. Round to the nearest dollar. If an amount box does not require an entry, leave it blank. Interest Expense 307,425 Discount on Bonds Payable 37,425 Cash 270,000
Discount Amortization On the first day of the fiscal year, a company issues a $5,800,000, 8%,...
Discount Amortization On the first day of the fiscal year, a company issues a $5,800,000, 8%, 4-year bond that pays semiannual interest of $232,000 ($5,800,000 x 8% x V), receiving cash of $5,425,133. Journalize the first interest payment and the amortization of the related bond discount. Round to the nearest dollar. If an amount box does not require an entry, leave it blank. Interest Expense Discount on Bonds Payable Cash
Discount Amortization On the first day of the fiscal year, a company issues a $3,800,000, 12%, 7-year bond that pays semiannual interest of $228,000 ($3,800,000 x 12% * Va), receiving cash of $3,467,673. Journalize the first interest payment and the amortization of the related bond discount. Round to the nearest dollar. If an amount box does not require an entry, leave it blank.
Discount Amortization On the first day of the fiscal year, a company issues a $2,600,000, 12 %, 9-year bond that pays semiannual interest of $156,000 ($2,600,000 x 12% x % ) , receiving cash of $2,221,467. Journalize the first interest payment and the amortization of the related bond discount. Round to the nearest dollar. If an amount box does not require an entry, leave it blank
Discount Amortization On the first day of the fiscal year, a company issues a...
show how you got: number of
semiannual period in 7 years
Issuing Bonds at a Premium On the first day of the fiscal year, a company issues a $3,800,000, 9%, 7-year bond that pays semiannual interest of $171,000 ($3,800,000 x 9% 12), receiving cash of $4,214,979. Journalize the bond issuance. If an amount box does not require an entry, leave it blank. Cash 4,214,979 Discount on Bonds Payable Bonds Payable
Question 3 Answer A and B
AB
Issuing Bonds at a Discount On the first day of the fiscal year, a company issues a $7,600,000, 6%, 6-year bond that pays semiannual interest of $228,000 ($7,600,000 6% x 12), receiving cash of $6,886,734. Journalize the bond issuance. If an amount box does not require an entry, leave it blank. Cash Discount on Bonds Payable Bonds Payable Discount Amortization On the first day of the fiscal year, a company issues a $7,600,000,...
Discount Amortization On the first day of the fiscal year, a company issues a $9,000,000, 6%, 5-year bond that pays semiannual interest of $270,000 ($9,000,000 x 6% x 12), receiving cash of $8,625,753. Journalize the first interest payment and the amortization of the related bond discount. Round to the nearest dollar. If an amount box does not require an entry, leave it blank. Interest Expense 307,425 Discount on Bonds Payable 37,425 Cash 270,000
Discount Amortization On the first day of the fiscal year, a company issues a $5,800,000, 8%, 4-year bond that pays semiannual interest of $232,000 ($5,800,000 x 8% x V), receiving cash of $5,425,133. Journalize the first interest payment and the amortization of the related bond discount. Round to the nearest dollar. If an amount box does not require an entry, leave it blank. Interest Expense Discount on Bonds Payable Cash
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