Homework Answers
| Journal Entry | |||
| Date | Accoutn Tittle | Debit | Credit |
| 1-May | Cash | $29,700,000 | |
| 6% Callable Bond | $29,700,000 | ||
| 1-Nov | Bond Interest Payable (29700000*6%) | $1,782,000 | |
| Cash | $1,782,000 | ||
| Year-5 | |||
| 1-Nov | 6% Callable Bond | $29,700,000 | |
| Cash | $1,485,000 | ||
| Discount on Redemption (29700000*95%) | $28,215,000 | ||
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Instructions Ma Breen Corp. produces and sets wind energy driven engines. To finances operations, Mia Breen...
Mia Breen Corp. produces and sells wind-energy-driven engines. To finance its operations, Mia Breen issued $920,000...
Mia Breen Corp. produces and sells wind-energy-driven engines. To finance its operations, Mia Breen issued $920,000 of 20-year, 11% callable bonds on May 1, 2045, at their face amount, with interest payable on May 1 and November 1. The fiscal year of the company is the calendar year. Journalize the entries to record the following selected transactions: 2015 May 1 Issued the bonds for cash at their face amount. Nov. 1 Paid the interest on the bonds. 2019 Nov. 1...
Mia Breen Corp. produces and sells wind-energy-driven engines. To finance its operations, Mia Breen issued $30,500,000...
Mia Breen Corp. produces and sells wind-energy-driven engines. To finance its operations, Mia Breen issued $30,500,000 of 20-year, 10% callable bonds on May 1, Year 1, at their face amount, with interest payable on May 1 and November 1. The fiscal year of the company is the calendar year. Journalize the entries to record the following selected transactions. Refer to the Chart of Accounts for exact wording of account titles. Year 1 May 1 Issued the bonds for cash at...
Mia Breen Corp. produces and sells wind-energy-driven engines. To finance its operations, Mia Breen issued $31,400,000...
Mia Breen Corp. produces and sells wind-energy-driven engines. To finance its operations, Mia Breen issued $31,400,000 of 20-year, 5% callable bonds on May 1, 2045, at their face amount, with interest payable on May 1 and November 1. The fiscal year of the company is the calendar year. Journalize the entries to record the following selected transactions. Refer to the Chart of Accounts for exact wording of account titles. 20Y5 1 Issued the bonds for cash at their face amount....
Entries for Issuing and Calling Bonds; Gain Mia Breen Corp. produces and wind-energy-driven engines. To finance...
Entries for Issuing and Calling Bonds; Gain Mia Breen Corp. produces and wind-energy-driven engines. To finance its operations, Mia Breen issued $1,899,000 of 10 year, 10% calable bonds on May 1, 2015, at their face amount, with interest payable on May 1 and November 1. The fiscal year of the company is the calendar year Journalize the entries to record the following selected transactions 2045 May 1 Issued the bonds for cash at their face amount Nov. 1 Paid the...
Emil Corp. produces and sells wind-energy-driven engines. To finance its operations, Emil Corp. issued $33,100,000 of 20...
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Entries for issuing and calling bonds; gain Instructions Chart of Accounts Journal Instructions Mia Breen Corp. produce...
Entries for issuing and calling bonds; gain Instructions Chart of Accounts Journal Instructions Mia Breen Corp. produces and sells wind-energy-driven engines. To finance its operations, Mia Breen issued $32,700,000 of 20-year, 6% callable bonds on May 1, Year 1, at their face amount, with interest payable on May 1 and November 1. The fiscal year of the company is the calendar year. Journalize the entries to record the following selected transactions. Refer to the Chart of Accounts for exact wording...
Journal Entrys Hoover Corp., a wholesaler of music equipment, issued $20,000,000 of 20-year, 6% callable bonds...
Journal Entrys
Hoover Corp., a wholesaler of music equipment, issued $20,000,000 of 20-year, 6% callable bonds on March 1, 20Y2, at their face amount, with interest payable on March 1 and September 1. The fiscal year of the company is the calendar year. Journalize the entries to record the following selected transactions. Refer to the Chart of Accounts for exact wording of account titles. 20Y2 Mar. 1 Issued the bonds for cash at their face amount. Sept. 1 Paid the...
Entries for 1ssuing and Calling Bonds; Gain Year 1, at the Mia Breen Corp. produces and...
Entries for 1ssuing and Calling Bonds; Gain Year 1, at the Mia Breen Corp. produces and sells wind-energy-driven engines. To fin amount, with interest payable on May 1 and November 1. The fiscal year of the company is the calendar year Journalize the entries to record the following selected transactions: Year 1 May 1 Issued the bonds for cash at their face amount. ance its operations, M a Breen Corp. issued $1,487,000 of 25-year, 8% callable bonds on May İ...
Emil Corp. produces and sells wind-energy-driven engines. To finance its operations, Emil Corp. issued $1,598,000 of...
Emil Corp. produces and sells wind-energy-driven engines. To
finance its operations, Emil Corp. issued $1,598,000 of 10-year,
14% callable bonds on May 1, 20Y1, at their face amount, with
interest payable on May 1 and November 1. The fiscal year of the
company is the calendar year. Journalize the entries to record the
following selected transactions: 20Y1 May 1 Issued the bonds for
cash at their face amount. Nov. 1 Paid the interest on the bonds.
20Y5 Nov. 1 Called...
Hoover Corp., a wholesaler of music equipment, issued $32,700,000 of 20-year
Hoover Corp., a wholesaler of music equipment, issued $32,700,000 of 20-year, 6% callable bonds on March 1, Year 1, at their face amount, with interest payable on March 1 and September 1. The fiscal year of the company is the calendar year. Journalize the entries to record the following selected transactions. Refer to the Chart of Accounts for exact wording of account titles. Year 1 Mar. 1 Issued the bonds for cash at their face amount. Sept. 1 Paid the interest on the bonds. Year 3 Sept....
Mia Breen Corp. produces and sells wind-energy-driven engines. To finance its operations, Mia Breen issued $920,000 of 20-year, 11% callable bonds on May 1, 2045, at their face amount, with interest payable on May 1 and November 1. The fiscal year of the company is the calendar year. Journalize the entries to record the following selected transactions: 2015 May 1 Issued the bonds for cash at their face amount. Nov. 1 Paid the interest on the bonds. 2019 Nov. 1...
Mia Breen Corp. produces and sells wind-energy-driven engines. To finance its operations, Mia Breen issued $31,400,000 of 20-year, 5% callable bonds on May 1, 2045, at their face amount, with interest payable on May 1 and November 1. The fiscal year of the company is the calendar year. Journalize the entries to record the following selected transactions. Refer to the Chart of Accounts for exact wording of account titles. 20Y5 1 Issued the bonds for cash at their face amount....
Entries for Issuing and Calling Bonds; Gain Mia Breen Corp. produces and wind-energy-driven engines. To finance its operations, Mia Breen issued $1,899,000 of 10 year, 10% calable bonds on May 1, 2015, at their face amount, with interest payable on May 1 and November 1. The fiscal year of the company is the calendar year Journalize the entries to record the following selected transactions 2045 May 1 Issued the bonds for cash at their face amount Nov. 1 Paid the...
Entries for issuing and calling bonds; gain Instructions Chart of Accounts Journal Instructions Mia Breen Corp. produces and sells wind-energy-driven engines. To finance its operations, Mia Breen issued $32,700,000 of 20-year, 6% callable bonds on May 1, Year 1, at their face amount, with interest payable on May 1 and November 1. The fiscal year of the company is the calendar year. Journalize the entries to record the following selected transactions. Refer to the Chart of Accounts for exact wording...
Journal Entrys
Hoover Corp., a wholesaler of music equipment, issued $20,000,000 of 20-year, 6% callable bonds on March 1, 20Y2, at their face amount, with interest payable on March 1 and September 1. The fiscal year of the company is the calendar year. Journalize the entries to record the following selected transactions. Refer to the Chart of Accounts for exact wording of account titles. 20Y2 Mar. 1 Issued the bonds for cash at their face amount. Sept. 1 Paid the...
Entries for 1ssuing and Calling Bonds; Gain Year 1, at the Mia Breen Corp. produces and sells wind-energy-driven engines. To fin amount, with interest payable on May 1 and November 1. The fiscal year of the company is the calendar year Journalize the entries to record the following selected transactions: Year 1 May 1 Issued the bonds for cash at their face amount. ance its operations, M a Breen Corp. issued $1,487,000 of 25-year, 8% callable bonds on May İ...
Emil Corp. produces and sells wind-energy-driven engines. To
finance its operations, Emil Corp. issued $1,598,000 of 10-year,
14% callable bonds on May 1, 20Y1, at their face amount, with
interest payable on May 1 and November 1. The fiscal year of the
company is the calendar year. Journalize the entries to record the
following selected transactions: 20Y1 May 1 Issued the bonds for
cash at their face amount. Nov. 1 Paid the interest on the bonds.
20Y5 Nov. 1 Called...
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