Homework Answers
| Answer | ||||
| Calculation | ||||
| Answer 1 | Proceeds on Issuance of the Bonds | $ 11,65,30,000 | 100000000*116.53% | |
| Answer 2 | Particulars | Debit | Credit | |
| Cash | $ 11,65,30,000 | |||
| Bonds Payable | $ 11,65,30,000 | |||
|
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Sawada Insurance Ltd. issues bonds with a face value of $ 100 million that mature in...
Application Problem 10-5A a, c-d (Part Level Submission) Sawada Insurance Ltd. issues bonds with a face...
Application Problem 10-5A a, c-d (Part Level Submission) Sawada Insurance Ltd. issues bonds with a face value of $100 million that mature in 12 years. The bonds carry a 6.6% interest rate and are sold at 109.57 to yield 5.5%. They pay interest semi-annually. (a) Calculate the proceeds on issuance of the bonds, and show the journal entry to record the issuance. (Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is...
Application Problem 10-5A a, c-d Sawada Insurance Ltd. issues bonds with a face value of $100...
Application Problem 10-5A a, c-d Sawada Insurance Ltd. issues bonds with a face value of $100 million that mature in 12 years. The bonds carry a 6.9% interest rate and are sold at 112.18 to yield 5.5%. They pay interest semi-annually. Calculate the proceeds on issuance of the bonds, and show the journal entry to record the issuance. (Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry"...
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Application Problem 10-5A a, c-d (Part Level Submission) Sawada Insurance Ltd. issues bonds with a face value of $100 million that mature in 12 years. The bonds carry a 6.6 % interest rate and are sold at 109.57 to yield 5.5 %. They pay interest semi-annually (a) Your answer is correct. Calculate the proceeds on issuance of the bonds, and show the journal entry to record the issuance (Credit account titles are automatically indented when amount is entered. Do not...
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Please find all the information below. Only need to answer part
(d).
Sawada Insurance Ltd. issues bonds with a face value of $100 million that mature in 12 years. The bonds carry a 7.4% interest rate and are sold at 116.53 to yield 5.5%. They pay interest semi-annually. (a) Your answer is correct. Calculate the proceeds on issuance of the bonds, and show the journal entry to record the issuance. (Credit account titles are automatically indented when amount is entered....
Question 35 On January 1, 2015, Bose Company issued bonds with a face value of $600,000....
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bonds at face value. Interest is payable annually on January 1.
Prepare the journal entry to record the issuance of the bonds.
(Credit account titles are automatically indented when
amount is entered. Do not indent manually.)
Date
Account Titles and Explanation
Debit
Credit
Jan. 1, 2020
Prepare the journal entry to record the accrual of interest on
December 31, 2020. (Credit account titles are
automatically indented when amount is entered....
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On January 1,Crane Company issued $372,000, 7% , 10-year bonds at face value. Interest is payable annually on January 1 Prepare the journal entry to record the issuance of the bonds. (Credit account titles are automatically indented when amount is entered. Do not indent manually.) Date Account Titles and Explanation Debit Credit Jan. 1 eTextbook and Media List of Accounts Prepare the journal entry to record the accrual of interest on December 31. (Credit account titles are automatically indented when...
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Application Problem 10-5A a, c-d (Part Level Submission) Sawada Insurance Ltd. issues bonds with a face value of $100 million that mature in 12 years. The bonds carry a 6.6% interest rate and are sold at 109.57 to yield 5.5%. They pay interest semi-annually. (a) Calculate the proceeds on issuance of the bonds, and show the journal entry to record the issuance. (Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is...
Application Problem 10-5A a, c-d Sawada Insurance Ltd. issues bonds with a face value of $100 million that mature in 12 years. The bonds carry a 6.9% interest rate and are sold at 112.18 to yield 5.5%. They pay interest semi-annually. Calculate the proceeds on issuance of the bonds, and show the journal entry to record the issuance. (Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry"...
Application Problem 10-5A a, c-d (Part Level Submission) Sawada Insurance Ltd. issues bonds with a face value of $100 million that mature in 12 years. The bonds carry a 6.6 % interest rate and are sold at 109.57 to yield 5.5 %. They pay interest semi-annually (a) Your answer is correct. Calculate the proceeds on issuance of the bonds, and show the journal entry to record the issuance (Credit account titles are automatically indented when amount is entered. Do not...
Please find all the information below. Only need to answer part
(d).
Sawada Insurance Ltd. issues bonds with a face value of $100 million that mature in 12 years. The bonds carry a 7.4% interest rate and are sold at 116.53 to yield 5.5%. They pay interest semi-annually. (a) Your answer is correct. Calculate the proceeds on issuance of the bonds, and show the journal entry to record the issuance. (Credit account titles are automatically indented when amount is entered....
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On January 1, 2020, Sandhill Company issued $310,500, 9%, 5-year
bonds at face value. Interest is payable annually on January 1.
Prepare the journal entry to record the issuance of the bonds.
(Credit account titles are automatically indented when
amount is entered. Do not indent manually.)
Date
Account Titles and Explanation
Debit
Credit
Jan. 1, 2020
Prepare the journal entry to record the accrual of interest on
December 31, 2020. (Credit account titles are
automatically indented when amount is entered....
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