Homework Answers
| 1 | |||
| Cash | 18455592 | ||
| Discount on Bonds payable | 1544408 | ||
| Bonds payable | 20000000 | ||
| 2 | |||
| Interest expense | 922780 | =18455592*10%/2 | |
| Discount on Bonds payable | 122780 | ||
| Cash | 800000 | =20000000*8%/2 | |
| 3 | |||
| Interest expense | 928919 | =(18455592+122780)*10%/2 | |
| Discount on Bonds payable | 128919 | ||
| Cash | 800000 | =20000000*8%/2 | |
| b | |||
| Annual interest paid | 1600000 | =800000*2 | |
| Discount amortized | 251699 | =122780+128919 | |
| Interest expense for first year | 1851699 |
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Amortize Dobrethod Other Ebert Co d 520.000.000 a bonds to finance is provible sally. The bands...
Amortize Discount by Interest Method On the first day of its fiscal year, Ebert Company issued...
Amortize Discount by Interest Method On the first day of its fiscal year, Ebert Company issued $18,000,000 of 5-year, 10% bonds to finance its operations. Interest is payable semiannually. The bonds were issued at a market (effective) interest rate of 11%, resulting in Ebert Company receiving cash of $17,321,607. The company uses the interest method. a. Journalize the entries to record the following: 1. Sale of the bonds. Round amounts to the nearest dollar. For a compound transaction, if an...
On the first day of its fiscal year, Ebert Company issued $12,000,000 of 5-year, 11% bonds...
On the first day of its fiscal year, Ebert
Company issued $12,000,000 of 5-year, 11% bonds to finance its
operations. Interest is payable semiannually. The bonds were issued
at a market (effective) interest rate of 12%, resulting in Ebert
receiving cash of $11,558,459. The company uses the interest
method.
Amortize Discount by Interest Method On the first day of its fiscal year, Ebert Company issued $12,000,000 of 5-year, 11% bonds to finance its operations. Interest is payable semiannually. The bonds...
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On the first day of its fiscal year, Ebert Company issued $12,000,000 of 5-year, 11% bonds...
On the first day of its fiscal year, Ebert
Company issued $12,000,000 of 5-year, 11% bonds to finance its
operations. Interest is payable semiannually. The bonds were issued
at a market (effective) interest rate of 12%, resulting in Ebert
receiving cash of $11,558,459. The company uses the interest
method.
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Amortize discount by interest method Instructions Chart of Accounts Journal Additional Question Final Question Instructions On...
Amortize discount by interest method Instructions Chart of Accounts Journal Additional Question Final Question Instructions On January 1, the first day of its fiscal year, Ebert Company issued $12,500,000 of 10-year, 9% bonds to finance its operations. Interest is payable semiannually. The bonds were issued at a market (effective) interest rate of 11%, resulting in Ebert Company receiving cash of $11,006,214. The company uses the interest method Journal A. Journalize the entries to record the transactions. Refer to the Chart...
On the first day of its fiscal year, Ebert Company issued $11,000,000 of 10-year, 7% bonds...
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method On the first day of its fiscal year, Ebert Company issued $50,000,000 of 10-year, 7%...
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help me with the ones i got wrong please Amortize Discount by interest Method On the...
help me with the ones i got wrong please
Amortize Discount by interest Method On the first day of its fiscal year, Ebert Company issued $50,000,000 of 10-year, 7% bonds to finance its operations. Interest is payable semiannually. The bonds were issued at a market (effective) interest rate of 9%, resulting in Ebert receiving cash of $43,495,895. The company uses the interest method. a. Journalize the entries to record the following: 1. Sale of the bonds. Round to the nearest...
NEED HELP! Read the information very carefully. On the first day of its fiscal year, Ebert...
NEED HELP! Read the information very carefully.
On the first day of its fiscal year, Ebert Company issued $53,500,000 of 10-year, 7% bonds to finance its operations. Interest is payable semiannually. The bonds were issued at a market feffective) interest rate of 8%, resulting in Ebert receiving cash of $49,864,758. The company uses the interest method. Required: a. Journalize the entries to record the following transactions. Refer to the Chart of Accounts for exact wording of account titles. 1. Sale...
on the first day of it's fiscal year, chin company issued $26,700,000 of 5 year, 10% bonds to finance it's operations of...
on the first day of it's fiscal year, chin company issued $26,700,000 of 5 year, 10% bonds to finance it's operations of producing and selling home improvement products . interest is payable semi-annually. the bonds were issued at a market (effective) interest rate of 12%,resulting in chim company receiving cash of $24,734,733. a. journalize the entries to record the following. : 1. issuance of bonds 2. first semiannual interest payment. the bond discount amortization, using straight line method, is combined...
On the first day of its fiscal year, Ebert
Company issued $12,000,000 of 5-year, 11% bonds to finance its
operations. Interest is payable semiannually. The bonds were issued
at a market (effective) interest rate of 12%, resulting in Ebert
receiving cash of $11,558,459. The company uses the interest
method.
Amortize Discount by Interest Method On the first day of its fiscal year, Ebert Company issued $12,000,000 of 5-year, 11% bonds to finance its operations. Interest is payable semiannually. The bonds...
On the first day of its fiscal year, Ebert
Company issued $12,000,000 of 5-year, 11% bonds to finance its
operations. Interest is payable semiannually. The bonds were issued
at a market (effective) interest rate of 12%, resulting in Ebert
receiving cash of $11,558,459. The company uses the interest
method.
Amortize Premium by Interest Method Shunda Corporation wholesales parts to appliance manufacturers. On January 1, Shunda issued $30,000,000 of five-year, 10% bonds at a market (effective) interest rate of 8%, receiving...
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method On the first day of its fiscal year, Ebert Company issued $50,000,000 of 10-year, 7% bonds to finance its operations. Interest is payable semiannually. The bonds were issued at a market (effective) interest rate of 9%, resulting in Ebert receiving cash of $43,495,895. The company uses the interest method a. Journalize the entries to record the following: 1. Sale of the bonds 2. First semiannual interest payment, including amortization of discount. Round to the nearest dollar. sula e uom...
help me with the ones i got wrong please
Amortize Discount by interest Method On the first day of its fiscal year, Ebert Company issued $50,000,000 of 10-year, 7% bonds to finance its operations. Interest is payable semiannually. The bonds were issued at a market (effective) interest rate of 9%, resulting in Ebert receiving cash of $43,495,895. The company uses the interest method. a. Journalize the entries to record the following: 1. Sale of the bonds. Round to the nearest...
NEED HELP! Read the information very carefully.
On the first day of its fiscal year, Ebert Company issued $53,500,000 of 10-year, 7% bonds to finance its operations. Interest is payable semiannually. The bonds were issued at a market feffective) interest rate of 8%, resulting in Ebert receiving cash of $49,864,758. The company uses the interest method. Required: a. Journalize the entries to record the following transactions. Refer to the Chart of Accounts for exact wording of account titles. 1. Sale...
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