Homework Answers
| Date | Accoutn Tittle | Debit | Credit |
| 31-Dec-20 | Bond Payable | $120,000.00 | |
| Cash | $120,000.00 |
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Required Information The following information applies to the questions displayed below) Duval Co. Issues four-year bonds...
Required information [The following information applies to the questions displayed below.) Duval Co. issues four-year bonds...
Required information [The following information applies to the questions displayed below.) Duval Co. issues four-year bonds with a $113,000 par value on January 1, 2019, at a price of $108,855. The annual contract rate is 6%, and interest is paid semiannually on June 30 and December 31. 3. Prepare the journal entry for maturity of the bonds on December 31, 2022 (assume semiannual interest is already recorded).
Required Information (The following information applies to the questions displayed below) Duval Co. Issues fouryear bonds...
Required Information (The following information applies to the questions displayed below) Duval Co. Issues fouryear bonds with a $120,000 par value on January 1, 2017 at a price of $115,830. The annual contract rate is 7% and Interest is pald semiannually on June 30 and December 31 2. Propare journal ontries to record the first two interest payments. (Round your answers to the nearest dollar amount) View transaction Journal entry worksheet Record the interest payment and discount amortization on June...
[The following information applies to the questions displayed below.] Duval Co. issues four-year bonds with a...
[The following information applies to the questions
displayed below.]
Duval Co. issues four-year bonds with a $106,000 par value on
January 1, 2019, at a price of $100,944. The annual contract rate
is 8%, and interest is paid semiannually on June 30 and December
31.
Prepare journal entries to record the first
two interest payments. (Round your answers to the nearest
dollar amount.)
2) Record the interest
payment and discount amortization on December 31, 2019.
Options for the General Journal...
Required information [The following information applies to the questions displayed below.) Duval Co. issues four-year bonds...
Required information [The following information applies to the questions displayed below.) Duval Co. issues four-year bonds with a $113,000 par value on January 1, 2019, at a price of $108,855. The annual contract rate is 6%, and interest is paid semiannually on June 30 and December 31. 2. Prepare journal entries to record the first two interest payments. (Round your answers to the nearest dollar amount.)
Duval Co. issues four-year bonds with a $100,000 par value on January 1, 2019, at a...
Duval Co. issues four-year bonds with a $100,000 par value on January 1, 2019, at a price of $95,952. The annual contract rate is 7%, and interest is paid semiannually on June 30 and December 31. 1. Prepare a straight-line amortization table like Exhibit 14.7 for these bonds. 2. Prepare journal entries to record the first two interest payments. 3. Prepare the journal entry for maturity of the bonds on December 31, 2022 (assume semiannual interest is already recorded).
Required information [The following information applies to the questions displayed below.] Duval Co. issues four-year bonds...
Required information [The following information applies to the questions displayed below.] Duval Co. issues four-year bonds with a $100,000 par value on January 1, 2018, at a price of $95,952. The annual contract rate is 7%, and interest is paid semiannually on June 30 and December 31. 1. Prepare an amortization table for these bonds. Use the straight-line method of interest amortization. (Round your answers to the nearest dollar amount.)
Required information (The following information applies to the questions displayed below.) Duval Co. issues four-year bonds...
Required information (The following information applies to the questions displayed below.) Duval Co. issues four-year bonds with a $109,000 par value on January 1, 2019, at a price of $104,910. The annual contract rate is 5%, and interest is paid semiannually on June 30 and December 31. 1. Prepare a straight-line amortization table for these bonds. (Round your answers to the nearest dollar amount.) Unamortized Discount Carrying Value Semiannual Period-End 1/01/2019 6/30/2019 12/31/2019 6/30/2020 12/31/2020 6/30/2021 12/31/2021 6/30/2022 12/31/2022
Duval Co. issues four-year bonds with a $107,000 par value on January 1, 2019, at a...
Duval Co. issues four-year bonds with a $107,000 par value on January 1, 2019, at a price of $102,920. The annual contract rate is 9%, and interest is paid semiannually on June 30 and December 31. Exercise 10-7 Part 1 1. Prepare a straight-line amortization table for these bonds. (Round your answers to the nearest dollar amount.) Unamortized Discount Carrying Value Semiannual Period-End 1/01/2019 6/30/2019 12/31/2019 6/30/2020 12/31/2020 6/30/2021 12/31/2021 6/30/2022 12/31/2022 2. Prepare journal entries to record the first...
Required information The following information applies to the questions displayed below.J Duval Co. issues four-year bonds...
Required information The following information applies to the questions displayed below.J Duval Co. issues four-year bonds with a $113,000 par value on Jenuary 1, 2017, at a price of $108,855. The annual contract rate is 6%, and interest is paid semiannually on June 30 and December 31. 1. Prepare an amortization table for these bonds. Use the straight-line method of interest amortization. (Round your answers to the nearest dollar amount.) Carrying Semiannual Unamortized Period-End 1/01/2017 6/30/2017 12/31/2017 6/30/2018 12/31/2018 6/30/2019...
Duval Co. issues four-year bonds with a $118,000 par value on January 1, 2019. at a...
Duval Co. issues four-year bonds with a $118,000 par value on January 1, 2019. at a price of $113,864. The annual contract rate is 6%, and interest is paid semiannually on June 30 and December 31. Exercise 10-7 Part 1 1. Prepare a straight-line amortization table for these bonds. (Round your answers to the nearest dollar amount.) Semiannual Period End Unmortired D iscount Carrying Value 1/01/2019 6/30/2019 12/31/2019 6/30/2020 12/31/2020 6/30/2021 12/31/2021 6/30/2022 12/31/2022 2. Prepare journal entries to record...
Required information [The following information applies to the questions displayed below.) Duval Co. issues four-year bonds with a $113,000 par value on January 1, 2019, at a price of $108,855. The annual contract rate is 6%, and interest is paid semiannually on June 30 and December 31. 3. Prepare the journal entry for maturity of the bonds on December 31, 2022 (assume semiannual interest is already recorded).
Required Information (The following information applies to the questions displayed below) Duval Co. Issues fouryear bonds with a $120,000 par value on January 1, 2017 at a price of $115,830. The annual contract rate is 7% and Interest is pald semiannually on June 30 and December 31 2. Propare journal ontries to record the first two interest payments. (Round your answers to the nearest dollar amount) View transaction Journal entry worksheet Record the interest payment and discount amortization on June...
[The following information applies to the questions
displayed below.]
Duval Co. issues four-year bonds with a $106,000 par value on
January 1, 2019, at a price of $100,944. The annual contract rate
is 8%, and interest is paid semiannually on June 30 and December
31.
Prepare journal entries to record the first
two interest payments. (Round your answers to the nearest
dollar amount.)
2) Record the interest
payment and discount amortization on December 31, 2019.
Options for the General Journal...
Required information [The following information applies to the questions displayed below.) Duval Co. issues four-year bonds with a $113,000 par value on January 1, 2019, at a price of $108,855. The annual contract rate is 6%, and interest is paid semiannually on June 30 and December 31. 2. Prepare journal entries to record the first two interest payments. (Round your answers to the nearest dollar amount.)
Duval Co. issues four-year bonds with a $100,000 par value on January 1, 2019, at a price of $95,952. The annual contract rate is 7%, and interest is paid semiannually on June 30 and December 31. 1. Prepare a straight-line amortization table like Exhibit 14.7 for these bonds. 2. Prepare journal entries to record the first two interest payments. 3. Prepare the journal entry for maturity of the bonds on December 31, 2022 (assume semiannual interest is already recorded).
Required information (The following information applies to the questions displayed below.) Duval Co. issues four-year bonds with a $109,000 par value on January 1, 2019, at a price of $104,910. The annual contract rate is 5%, and interest is paid semiannually on June 30 and December 31. 1. Prepare a straight-line amortization table for these bonds. (Round your answers to the nearest dollar amount.) Unamortized Discount Carrying Value Semiannual Period-End 1/01/2019 6/30/2019 12/31/2019 6/30/2020 12/31/2020 6/30/2021 12/31/2021 6/30/2022 12/31/2022
Duval Co. issues four-year bonds with a $107,000 par value on January 1, 2019, at a price of $102,920. The annual contract rate is 9%, and interest is paid semiannually on June 30 and December 31. Exercise 10-7 Part 1 1. Prepare a straight-line amortization table for these bonds. (Round your answers to the nearest dollar amount.) Unamortized Discount Carrying Value Semiannual Period-End 1/01/2019 6/30/2019 12/31/2019 6/30/2020 12/31/2020 6/30/2021 12/31/2021 6/30/2022 12/31/2022 2. Prepare journal entries to record the first...
Required information The following information applies to the questions displayed below.J Duval Co. issues four-year bonds with a $113,000 par value on Jenuary 1, 2017, at a price of $108,855. The annual contract rate is 6%, and interest is paid semiannually on June 30 and December 31. 1. Prepare an amortization table for these bonds. Use the straight-line method of interest amortization. (Round your answers to the nearest dollar amount.) Carrying Semiannual Unamortized Period-End 1/01/2017 6/30/2017 12/31/2017 6/30/2018 12/31/2018 6/30/2019...
Duval Co. issues four-year bonds with a $118,000 par value on January 1, 2019. at a price of $113,864. The annual contract rate is 6%, and interest is paid semiannually on June 30 and December 31. Exercise 10-7 Part 1 1. Prepare a straight-line amortization table for these bonds. (Round your answers to the nearest dollar amount.) Semiannual Period End Unmortired D iscount Carrying Value 1/01/2019 6/30/2019 12/31/2019 6/30/2020 12/31/2020 6/30/2021 12/31/2021 6/30/2022 12/31/2022 2. Prepare journal entries to record...
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