On January 1, 2017, Henderson Corporation redeemed $500,000 of bonds at 99. At the time of...
On January 1, 2017, Henderson Corporation redeemed $500,000 of
bonds at 99. At the time of redemption, the unamortized premium was
$15,000.
Prepare the corporation’s journal entry to record the reacquisition
of the bonds. (If no entry is required, select "No
Entry" for the account titles and enter 0 for the amounts. Credit
account titles are automatically indented when the amount is
entered. Do not indent manually. Round intermediate calculations to
6 decimal places, e.g. 1.251247 and final answer to 0 decimal
places, e.g. 38,548.)
|
Account Titles and Explanation |
Debit |
Credit |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Homework Answers
| Date | Accounts and explanation | Debit(in $) | Credit(in $) |
| Bonds Payable | $5,00,000 | ||
| Premium on Bond payable | $15,000 | ||
| Gain on Redemption of Bond(B.F) | $20,000 | ||
| Cash($500,000*.99) | $4,95,000 | ||
Add Answer to:
On January 1, 2017, Henderson Corporation redeemed $500,000 of
bonds at 99. At the time of...
On January 1, 2020, Henderson Corporation redeemed $500,000 of bonds at 99. At the time of...
On January 1, 2020, Henderson Corporation redeemed $500,000 of bonds at 99. At the time of redemption, the unamortized premium was $15,000. Prepare the corporation's journal entry to record the reacquisition of the bonds. (If no entry is required, select "No Entry" for the account titles and enter o for the amounts. Credit account titles are automatically indented when amount is entered. Do not indent manually. Round intermediate calculations to 6 decimal places, e.g. 1.251247 and final answer to 0...
On January 1, 2017, Culver Corporation redeemed $600,000 of bonds at 99. At the time of...
On January 1, 2017, Culver Corporation redeemed $600,000 of bonds at 99. At the time of redemption, the unamortized premium was $18,000. Prepare the corporation’s journal entry to record the reacquisition of the bonds. (If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts. Credit account titles are automatically indented when amount is entered. Do not indent manually. Round intermediate calculations to 6 decimal places, e.g. 1.251247 and final answer to 0...
14-9 On January 1, 2017, Skysong Corporation redeemed $600,000 of bonds at 99. At the time...
14-9 On January 1, 2017, Skysong Corporation redeemed $600,000
of bonds at 99. At the time of redemption, the unamortized premium
was $18,000.
Prepare the corporation’s journal entry to record the reacquisition
of the bonds. (If no entry is required, select "No
Entry" for the account titles and enter 0 for the amounts. Credit
account titles are automatically indented when amount is entered.
Do not indent manually. Round intermediate calculations to 6
decimal places, e.g. 1.251247 and final answer to...
On January 1, 2017, Marin Corporation redeemed $400,000 of bonds at 96. At the time of...
On January 1, 2017, Marin Corporation redeemed $400,000 of bonds at 96. At the time of redemption, the unamortized premium was $12,000. Prepare the corporation's journal entry to record the reacquisition of the bonds. (If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts. Credit account titles are automatically indented when amount is entered. Do not indent manually. Round intermediate calculations to 6 decimal places, e.g. 1.251247 and final answer to 0...
Need help on the last entry. On January 1, 2020, Novak Corporation redeemed $470,000 of bonds...
Need help on the last entry.
On January 1, 2020, Novak Corporation redeemed $470,000 of bonds at 99. At the time of redemption, the unamortized premium was $14,100 Prepare the corporation's journal entry to record the reacquisition of the bonds. (If no entry is required, select "No Entry for the account titles and enter for the amounts. Credit account titles are automatically indented when amount is entered. Do not indent manually. Round intermediate calculations to 6 decimal places, e.g. 1.251247...
Brief Exercise 14-9 On January 1, 2017, Buffalo Corporation redeemed $470,000 of bonds at 99. At...
Brief Exercise 14-9 On January 1, 2017, Buffalo Corporation redeemed $470,000 of bonds at 99. At the time of redemption, the unamortized premium was $14,100. Prepare the corporation's journal entry to record the reacquisition of the bonds. (If no entry is required, select "No Entry for the account titles and enter O for the amounts. Credit account titles are automatically entered. Do not indent manually. Round intermediate calculations to 6 decimal places, e.g. 1.251247 and final Account Titles and Explanation...
Brief Exercise 14-09 On January 1, 2020, Cullumber Corporation redeemed $450,000 of bonds at 97. At...
Brief Exercise 14-09 On January 1, 2020, Cullumber Corporation redeemed $450,000 of bonds at 97. At the time of redemption, the unamortized premium was $13,500. Prepare the corporation's journal entry to record the reacquisition of the bonds. (If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts. Credit account titles are automatically indented when amount is entered. Do not indent manually. Round intermediate calculations to 6 decimal places, e.g. 1.251247 and final...
Brief Exercise 14-09 On January 1, 2020, Cullumber Corporation redeemed $450,000 of bonds at 97. At...
Brief Exercise 14-09 On January 1, 2020, Cullumber Corporation redeemed $450,000 of bonds at 97. At the time of redemption, the unamortized premium was $13,500. Prepare the corporation's journal entry to record the reacquisition of the bonds. (If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts. Credit account titles are automatically indented when amount is entered. Do not indent manually. Round intermediate calculations to 6 decimal places, e.g. 1.251247 and final...
On January 1, 2017, Sandhill Company redeemed $380,000 of bonds at 102. At the time of...
On January 1, 2017, Sandhill Company redeemed $380,000 of bonds at 102. At the time of redemption, the unamortized discount was $15,600 and unamortized bond issue costs were $3,200. Prepare the Sandhill's journal entry to record the reacquisition of the bonds. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter for the amounts.) Account Titles and Explanation Debit Credit
On January 1, 2020, Shamrock Incorporated redeemed bonds prior to their maturity date of January 1,...
On January 1, 2020, Shamrock Incorporated redeemed bonds prior to their maturity date of January 1, 2021. The face value of the bonds was $400,000, and the redemption was performed at 99. As at the redemption date, the unamortized premium was $9,790. Prepare the corporation’s journal entry to record the redemption of the bonds (Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account...
On January 1, 2020, Henderson Corporation redeemed $500,000 of bonds at 99. At the time of redemption, the unamortized premium was $15,000. Prepare the corporation's journal entry to record the reacquisition of the bonds. (If no entry is required, select "No Entry" for the account titles and enter o for the amounts. Credit account titles are automatically indented when amount is entered. Do not indent manually. Round intermediate calculations to 6 decimal places, e.g. 1.251247 and final answer to 0...
14-9 On January 1, 2017, Skysong Corporation redeemed $600,000
of bonds at 99. At the time of redemption, the unamortized premium
was $18,000.
Prepare the corporation’s journal entry to record the reacquisition
of the bonds. (If no entry is required, select "No
Entry" for the account titles and enter 0 for the amounts. Credit
account titles are automatically indented when amount is entered.
Do not indent manually. Round intermediate calculations to 6
decimal places, e.g. 1.251247 and final answer to...
On January 1, 2017, Marin Corporation redeemed $400,000 of bonds at 96. At the time of redemption, the unamortized premium was $12,000. Prepare the corporation's journal entry to record the reacquisition of the bonds. (If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts. Credit account titles are automatically indented when amount is entered. Do not indent manually. Round intermediate calculations to 6 decimal places, e.g. 1.251247 and final answer to 0...
Need help on the last entry.
On January 1, 2020, Novak Corporation redeemed $470,000 of bonds at 99. At the time of redemption, the unamortized premium was $14,100 Prepare the corporation's journal entry to record the reacquisition of the bonds. (If no entry is required, select "No Entry for the account titles and enter for the amounts. Credit account titles are automatically indented when amount is entered. Do not indent manually. Round intermediate calculations to 6 decimal places, e.g. 1.251247...
Brief Exercise 14-9 On January 1, 2017, Buffalo Corporation redeemed $470,000 of bonds at 99. At the time of redemption, the unamortized premium was $14,100. Prepare the corporation's journal entry to record the reacquisition of the bonds. (If no entry is required, select "No Entry for the account titles and enter O for the amounts. Credit account titles are automatically entered. Do not indent manually. Round intermediate calculations to 6 decimal places, e.g. 1.251247 and final Account Titles and Explanation...
Brief Exercise 14-09 On January 1, 2020, Cullumber Corporation redeemed $450,000 of bonds at 97. At the time of redemption, the unamortized premium was $13,500. Prepare the corporation's journal entry to record the reacquisition of the bonds. (If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts. Credit account titles are automatically indented when amount is entered. Do not indent manually. Round intermediate calculations to 6 decimal places, e.g. 1.251247 and final...
Brief Exercise 14-09 On January 1, 2020, Cullumber Corporation redeemed $450,000 of bonds at 97. At the time of redemption, the unamortized premium was $13,500. Prepare the corporation's journal entry to record the reacquisition of the bonds. (If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts. Credit account titles are automatically indented when amount is entered. Do not indent manually. Round intermediate calculations to 6 decimal places, e.g. 1.251247 and final...
On January 1, 2017, Sandhill Company redeemed $380,000 of bonds at 102. At the time of redemption, the unamortized discount was $15,600 and unamortized bond issue costs were $3,200. Prepare the Sandhill's journal entry to record the reacquisition of the bonds. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter for the amounts.) Account Titles and Explanation Debit Credit
Most questions answered within 3 hours.
-
A rubber solid circular wheel of uniform density spins about it
axis at rate of 60...
asked 8 minutes ago -
DNA evidence from an early human skeleton in Britain, shows that
early inhabitants of were blue...
asked 8 seconds ago -
Financial data for Joel de Paris, Inc., for last year
follow:
Joel de Paris, Inc.
Balance...
asked 8 minutes ago -
To practice Problem-Solving Strategy 19.1 Work in Ideal-gas
Processes.
A cylinder with initial volume V contains...
asked 17 minutes ago -
Depreciation for Partial Periods Bean Delivery Company purchased
a new delivery truck for $35,400 on April...
asked 21 minutes ago -
Q 5.23:
Jonathan has been doing calculations to determine a missing
component. So far he has...
asked 19 minutes ago -
Use indifference curve and the daily income-leisure choice model
to explain graphically the behavior of employees...
asked 39 minutes ago -
Record the following transactions of Fashion Park in a
general journal. Fashion Park must charge 8...
asked 40 minutes ago -
Chapter 08 Python Assignment: Question 1-5
Please I need help in my python course.
Question 1...
asked 44 minutes ago -
1.
In a study of the effectiveness of
a new pain killer,
4646
out of
821821...
asked 1 hour ago -
Compare the equation of the forced vortex to the Bernoulli
equation in terms of:
Assumptions
Flow...
asked 1 hour ago -
5. Two containers of equal volume each hold samples of the same
ideal gas. Container A...
asked 1 hour ago