Pretzelmanla, Inc, Issues 6%, 10-year bonds with a face amount of $60,000 for $55,736 on January...
Pretzelmania, Inc., Issues 6%, 10-year bonds with a face amount of $60,000 for $64.677 on January 1, 2021. The market Interest rate for bonds of similar risk and maturity is 5%. Interest is paid semiannually on June 30 and December 31. Required: 1. & 2. Record the bond issue and first Interest payment on June 30, 2021. (If no entry is required for a particular transaction/event, select "No Journal Entry Required in the first account field. Round your Intermediate computations and final...
A company issues 9%, 10-year bonds with a face amount of $60,000 for $56,262 on January 1, 2021. The market interest rate for bonds of similar risk and maturity is 10%. Interest is paid semiannually on June 30 and December 31. Required: 1. & 2. Record the bond issue and first interest payment on June 30, 2021. (If no entry is required for a particular transaction/event, select "No Journal Entry Required" in the first account field.) View transaction list Journal...
Pretzelmanla, Inc., Issues 6%, 10-year bonds with a face amount of $69.000 for $69.000 on January 1, 2021. The market Interest rate for bonds of similar risk and maturity is 6%. Interest is paid semiannually on June 30 and December 31. Required: 1. & 2. Record the bond issue and first Interest payment on June 30, 2021. (If no entry is required for a particular transaction/event, select "No Journal Entry Required" in the first account field.)
Pretzelmania, Inc., issues 7%, 15-year bonds with a face amount of $70,000 for $63,948 on January 1, 2021. The market interest rate for bonds of similar risk and maturity is 8%. Interest is paid semiannually on June 30 and December 31. Required: 1. & 2. Record the bond issue and first interest payment on June 30, 2021. (If no entry is required for a particular transaction/event, select "No Journal Entry Required" in the first account field. Round your intermediate computations and final...
Pretzelmania, Inc., issues 6%, 10-year bonds with a face amount of $52,000 for $48,305 on January 1, 2021. The market interest rate for bonds of similar risk and maturity is 7%. Interest is paid semiannually on June 30 and December 31. Required: 1. & 2. Record the bond issue and first interest payment on June 30, 2021. (If no entry is required for a particular transaction/event, select "No Journal Entry Required" in the first account field. Round your intermediate computations...
Pretzelmania, Inc., Issues 5%, 10 year bonds with a face amount of $56.000 for $56,000 on January 1, 2021 The market interest rate for bonds of similar risk and maturity is 5% Interest is paid semiannually on June 30 and December 31 Required: 1.8 2. Record the bond issue and first interest payment on June 30, 2021. (If no entry is required for a particular transaction/event, select No Journal Entry Required in the first account field.) View fractionat Journal entry...
Pretzelmania, Inc., issues 7%, 15-year bonds with a face amount of $51,000 for $46,591 on January 1, 2021. The market interest rate for bonds of similar risk and maturity is 8%. Interest is paid semiannually on June 30 and December 31. Required: 1. & 2. Record the bond issue and first interest payment on June 30, 2021. (If no entry is required for a particular transaction/event, select "No Journal Entry Required" in the first account field. Round your intermed iate...
Pretzelmania, Inc., issues 5%, 20-year bonds with a face amount of $53,000 for $46,875 on January 1, 2021. The market interest rate for bonds of similar risk and maturity is 6%. Interest is paid semiannually on June 30 and December 31. Required: 1. & 2. Record the bond issue and first interest payment on June 30, 2021. (If no entry is required for a particular transaction/event, select "No Journal Entry Required" in the first account field. Round your intermediate computations...
On January 1, 2021, Lizzy's Lemonade issues 6%, 10-year bonds with a face amount of $89,000 for $82,675, priced to yield 7%. Interest Is paid semiannually. What amount of Interest expense will be recorded on June 30, 2021, the first interest payment date? (Round your final answer to the nearest whole dollar amount.) newconnect.meducation.com D ACCT-2090004 e Danse Help Required Assignment Brief Exercise 9-6 Record bond issue at face amount and related semiannual interest (LO9-5) Pretreimanis, Inc. issues 6% 10...
2. Record the first interest
payment.
Pretzelmania, Inc., issues 6%, 10-year bonds with a face amount of $58,000 for $62,521 on January 1, 2021. The market interest rate for bonds of similar risk and maturity is 5%. Interest is paid semiannually on June 30 and December 31. 2.5 points Required: 1. & 2. Record the bond issue and first interest payment on June 30, 2021. (If no entry is required for a particular transaction/event, select "No Journal Entry Required" in...