Homework Answers
| 1 | Purchase of a patent | Investing activities |
| 2 | Depreciation Expenses | Non Cash Activities |
| 3 | Decrease in account receivables | Operating Activities |
| 4 | Issuance of note payable | financing activities |
| 5 | Increase in inventory | Operating Activities |
| 6 | Collection of notes receivables | Operating Activities |
| 7 | Purchase of equipment | Investing activities |
| 8 | Exchange of long term assets | Non Cash Activities |
| 9 | Decrease in account oavable | Operating Activities |
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Required information Exercise 9-14A Record bonds issued at a discount and related annual interest (LO9-5) The...
Required information Exercise 9-8A Record bonds issued at a discount and related semiannual interest (LO9-5) The...
Required information Exercise 9-8A Record bonds issued at a discount and related semiannual interest (LO9-5) The following information applies to the questions displayed below.) On January 1, 2021, Splash City issues $340,000 of 9% bonds, due in 20 years, with interest payable semiannually on June 30 and December 31 each year. Assuming the market interest rate on the issue date is 10%, the bonds will issue at $310,831.. Required information Exercise 9-8A Record bonds issued at a discount and related...
Required information Exercise 9-8A Record bonds issued at a discount and related semiannual interest (LO9-5) (The...
Required information Exercise 9-8A Record bonds issued at a discount and related semiannual interest (LO9-5) (The following information applies to the questions displayed below.) On January 1, 2021, Splash City issues $340,000 of 9% bonds, due in 20 years, with interest payable semiannually on June 30 and December 31 each year. Assuming the market interest rate on the issue date is 10%, the bonds will issue at $310.831. Required information Exercise 9-9A Record bonds issued at a premium and related...
Required information Exercise 9-8B Record bonds issued at a discount and related semiannual interest (LO9-5) (The...
Required information Exercise 9-8B Record bonds issued at a discount and related semiannual interest (LO9-5) (The following information applies to the questions displayed below.) On January 1, Year 1, a company issues $430,000 of 8% bonds, due in 15 years, with interest payable semiannually on June 30 and December 31 each year. Assuming the market interest rate on the issue date is 9%, the bonds will issue at $394,979. Exercise 9-8B Part 1 Required: 1. Complete the first three rows...
Required information Exercise 9-8A Record bonds issued at a discount and related semiannual interest (LO9-5) (The...
Required information Exercise 9-8A Record bonds issued at a discount and related semiannual interest (LO9-5) (The following information applies to the questions displayed below.) On January 1, 2021, Splash City issues $380,000 of 8% bonds, due in 15 years, with interest payable semiannually on June 30 and December 31 each year. Assuming the market interest rate on the issue date is 9%, the bonds will issue at $349,051. Exercise 9-8A Part 1 Required: 1. Complete the first three rows of...
Required information Exercise 9-8A Record bonds issued at a discount and related semiannual interest (LO9-5) [The...
Required information Exercise 9-8A Record bonds issued at a discount and related semiannual interest (LO9-5) [The following information applies to the questions displayed below.] On January 1, 2021, Splash City issues $450,000 of 7% bonds, due in 10 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 $419,423. Еxercise 9-8A Part 1 Required: 1. Complete the first three rows of...
Required information Exercise 9-11A Record bonds issued at a discount and related semiannual interest (LO9-6) The...
Required information Exercise 9-11A Record bonds issued at a discount and related semiannual interest (LO9-6) The following information applies to the questions displayed below.) On January 1, 2021. White Water issues $460,000 of 5% bonds, due in 15 years, with interest payable semiannually on June 30 and December 31 each year. Assuming the market interest rate on the issue date is 6%, the bonds will issue at $414.920. Exercise 9-11A Part 1 Required: 1. Complete the first three rows of...
Required information Exercise 9-9B Record bonds issued at a premium and related semiannual interest (LO9-5) [The...
Required information Exercise 9-9B Record bonds issued at a premium and related semiannual interest (LO9-5) [The following information applies to the questions displayed below.] On January 1, Year 1, a company issues $320,000 of 8% bonds, due in 15 years, with interest payable semiannually on June 30 and December 31 each year. Assuming the market interest rate on the issue date is 7%, the bonds will issue at $349,428. Exercise 9-9B Part 2 2. Record the bond issue on January...
Analysis of an income statement, balance sheet, and additional information from the accounting records of Gadgets,...
Analysis of an income statement, balance sheet, and additional information from the accounting records of Gadgets, Inc., reveals the following items. Required: Select the section of the statement of cash flows in which each of these items would be reported: operating activities (indirect method), investing activities, financing activities, or a separate noncash activities note. Items Activities 1. Purchase of a patent. 2 Depreciation expense 3 Decrease in accounts receivable Financing activities 4. lissuance of a note payable 5 Increase in...
Exercise 9-10A Record bonds issued at face amount and related semiannual interest (LO9-5) On January 1,...
Exercise 9-10A Record bonds issued at face amount and related semiannual interest (LO9-5) On January 1, 2021, White Water issues $490,000 of 5% bonds, due in 15 years, with interest payable semiannually on June 30 and December 31 each year. Required: Assuming the market interest rate on the issue date is 5%, the bonds will issue at $490,000. Record the bond issue on January 1, 2021, and the first two semiannual interest payments on June 30, 2021, and December 31,...
Exercise 9-17A Record the early retirement of bonds issued at a premium (LO9-6) [The following information applies to th...
Exercise 9-17A Record the early retirement of bonds issued at a premium (LO9-6) [The following information applies to the questions displayed below.] On January 1, 2021, White Water issues $600,000 of 7% bonds, due in 10 years, with interest payable semiannually on June 30 and December 31 each year. The market interest rate on the issue date is 6% and the bonds issued at $644,632. Exercise 9-17A Part 1 Required: 1. Using an amortization schedule, show that the bonds have...
Required information Exercise 9-8A Record bonds issued at a discount and related semiannual interest (LO9-5) The following information applies to the questions displayed below.) On January 1, 2021, Splash City issues $340,000 of 9% bonds, due in 20 years, with interest payable semiannually on June 30 and December 31 each year. Assuming the market interest rate on the issue date is 10%, the bonds will issue at $310,831.. Required information Exercise 9-8A Record bonds issued at a discount and related...
Required information Exercise 9-8A Record bonds issued at a discount and related semiannual interest (LO9-5) (The following information applies to the questions displayed below.) On January 1, 2021, Splash City issues $340,000 of 9% bonds, due in 20 years, with interest payable semiannually on June 30 and December 31 each year. Assuming the market interest rate on the issue date is 10%, the bonds will issue at $310.831. Required information Exercise 9-9A Record bonds issued at a premium and related...
Required information Exercise 9-8B Record bonds issued at a discount and related semiannual interest (LO9-5) (The following information applies to the questions displayed below.) On January 1, Year 1, a company issues $430,000 of 8% bonds, due in 15 years, with interest payable semiannually on June 30 and December 31 each year. Assuming the market interest rate on the issue date is 9%, the bonds will issue at $394,979. Exercise 9-8B Part 1 Required: 1. Complete the first three rows...
Required information Exercise 9-8A Record bonds issued at a discount and related semiannual interest (LO9-5) (The following information applies to the questions displayed below.) On January 1, 2021, Splash City issues $380,000 of 8% bonds, due in 15 years, with interest payable semiannually on June 30 and December 31 each year. Assuming the market interest rate on the issue date is 9%, the bonds will issue at $349,051. Exercise 9-8A Part 1 Required: 1. Complete the first three rows of...
Required information Exercise 9-8A Record bonds issued at a discount and related semiannual interest (LO9-5) [The following information applies to the questions displayed below.] On January 1, 2021, Splash City issues $450,000 of 7% bonds, due in 10 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 $419,423. Еxercise 9-8A Part 1 Required: 1. Complete the first three rows of...
Required information Exercise 9-11A Record bonds issued at a discount and related semiannual interest (LO9-6) The following information applies to the questions displayed below.) On January 1, 2021. White Water issues $460,000 of 5% bonds, due in 15 years, with interest payable semiannually on June 30 and December 31 each year. Assuming the market interest rate on the issue date is 6%, the bonds will issue at $414.920. Exercise 9-11A Part 1 Required: 1. Complete the first three rows of...
Required information Exercise 9-9B Record bonds issued at a premium and related semiannual interest (LO9-5) [The following information applies to the questions displayed below.] On January 1, Year 1, a company issues $320,000 of 8% bonds, due in 15 years, with interest payable semiannually on June 30 and December 31 each year. Assuming the market interest rate on the issue date is 7%, the bonds will issue at $349,428. Exercise 9-9B Part 2 2. Record the bond issue on January...
Analysis of an income statement, balance sheet, and additional information from the accounting records of Gadgets, Inc., reveals the following items. Required: Select the section of the statement of cash flows in which each of these items would be reported: operating activities (indirect method), investing activities, financing activities, or a separate noncash activities note. Items Activities 1. Purchase of a patent. 2 Depreciation expense 3 Decrease in accounts receivable Financing activities 4. lissuance of a note payable 5 Increase in...
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