Homework Answers
| Date | General Journal | Debit | Credit |
| 1-Jan |
Cash 30000*99% |
29700 | |
| Discount on bonds payable | 300 | ||
| Bonds payable | 30000 | ||
| Record bond issuance at 99 | |||
| Jan 1 | Cash | 31050 | |
| Premium on bond payable | 1050 | ||
| Bond payable | 30000 | ||
| Record bond issuance at 103.5 | |||
| Semi annual interest = 30000*14%*6/12 | |||
| 2100 | |||
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Check my work On January 1, Renewable Energy issues bonds that have a $30,000 par value,...
On January 1, Renewable Energy issues bonds that have a $20,000 par value, mature in eight...
On January 1, Renewable Energy issues bonds that have a $20,000 par value, mature in eight years, and pay 12% interest semiannually on June 30 and December 31. 1. Prepare the journal entry for issuance assuming the bonds are issued at a 99 and (6) 10312 2. How much interest does the company pay (in cash) to its bondholders every six months of the bonds are sold at par? Complete this question by entering your answers in the tabs below....
ct.mheducation.com G A company sem a tri mework (Required) Saved On January 1, Renewable Energy issues...
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On January 1, Boston Enterprises issues bonds that have a $1,650,000 par value, mature in 20...
On January 1, Boston Enterprises issues bonds that have a $1,650,000 par value, mature in 20 years, and pay 10% interest semiannually on June 30 and December 31. The bonds are sold at par. 1. How much interest will Boston pay (in cash) to the bondholders every six months? 2. Prepare journal entries to record (a) the issuance of bonds on January 1: (b) the first interest payment on June 30; and (c) the second interest payment on December 31....
On January 1, Renewable Energy issues bonds that have a $40,000 par value, mature in eight years, and pay 16% interest...
On January 1, Renewable Energy issues bonds that have a $40,000 par value, mature in eight years, and pay 16% interest semiannually on June 30 and December 31. 1. Prepare the journal entry for issuance assuming the bonds are issued at (a) 99 and (b) 10372. 2. How much interest does the company pay (in cash) to its bondholders every six months if the bonds are sold at par? points Complete this question by entering your answers in the tabs...
Check my wor Dunphy Company issued $46,000 of 6.0%, 10 year bonds at par value on...
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On January 1, Boston Enterprises Issues bonds that have a $1,850,000 par value, mature in 20 years, and pay 7% interest semlannually on June 30 and December 31. The bonds are sold at par 1. How much Interest will Boston pay (In cash) to the bondholders every six months? 2. Prepare journal entries to record (a) the Issuance of bonds on January 1. (b) the first Interest payment on June 30, and (c) the second interest payment on December 31...
Dunphy Company issued $10,000 of 6%, 10-year bonds at par value on January 1. Interest is...
Dunphy Company issued $10,000 of 6%, 10-year bonds at par value on January 1. Interest is paid semiannually each June 30 and December 31. Prepare the entries for (a) the issuance of the bonds and (b) the first interest payment on June 30. View transaction list Journal entry worksheet Record the issuance of the bonds. Note: Enter debits before credits Date Jan 01 General Journal Debit Credit Record entry Clear entry View general journal < Prev 1 of 17 !!!...
On January 1, Boston Enterprises issues bonds that have a $1,600,000 par value, mature in 20...
On January 1, Boston Enterprises issues bonds that have a
$1,600,000 par value, mature in 20 years, and pay 8% interest
semiannually on June 30 and December 31. The bonds are sold at
par.
1. How much interest will Boston pay (in cash) to
the bondholders every six months?
2. Prepare journal entries to record (a) the
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need help answering the questions ...thanks On January 1, 2017, Boston Enterprises issues bonds that have...
need help answering the questions ...thanks
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Dunphy Company issued $48,000 of 6.5%, 10-year bonds at par value on January 1. Interest is...
Dunphy Company issued $48,000 of 6.5%, 10-year bonds at par value on January 1. Interest is paid semiannually each June 30 and December 31. Prepare the entries for (a) the issuance of the bonds and (b) the first interest payment on June 30. View transaction list points Journal entry worksheet ( 8 02:18:20 Record the issuance of the bonds. Note: Enter debits before credits. Date General Journal Debit Credit Jan 01 Record entry Clear entry View general journal
On January 1, Renewable Energy issues bonds that have a $20,000 par value, mature in eight years, and pay 12% interest semiannually on June 30 and December 31. 1. Prepare the journal entry for issuance assuming the bonds are issued at a 99 and (6) 10312 2. How much interest does the company pay (in cash) to its bondholders every six months of the bonds are sold at par? Complete this question by entering your answers in the tabs below....
ct.mheducation.com G A company sem a tri mework (Required) Saved On January 1, Renewable Energy issues bonds that have a $44,000 par value, mature in ten years, and pay 15% interest semiannually on June 30 and December 31. 1. Prepare the journal entry for issuance assuming the bonds are issued at (a) 99 and (b) 1035 2. How much interest does the company pay (in cash) to its bondholders every six months if the bonds are sold at par? Complete...
On January 1, Boston Enterprises issues bonds that have a $1,650,000 par value, mature in 20 years, and pay 10% interest semiannually on June 30 and December 31. The bonds are sold at par. 1. How much interest will Boston pay (in cash) to the bondholders every six months? 2. Prepare journal entries to record (a) the issuance of bonds on January 1: (b) the first interest payment on June 30; and (c) the second interest payment on December 31....
On January 1, Renewable Energy issues bonds that have a $40,000 par value, mature in eight years, and pay 16% interest semiannually on June 30 and December 31. 1. Prepare the journal entry for issuance assuming the bonds are issued at (a) 99 and (b) 10372. 2. How much interest does the company pay (in cash) to its bondholders every six months if the bonds are sold at par? points Complete this question by entering your answers in the tabs...
Check my wor Dunphy Company issued $46,000 of 6.0%, 10 year bonds at par value on January 1. Interest is paid semiannually each June 30 and December 31. Prepare the entries for (a) the issuance of the bonds and (b) the first interest payment on June 30. View transaction list Journal entry worksheet Record the issuance of the bonds. Note: Enter debits before credits General Journal Credit Date Jan 01 Debit 45.000 Cash < Prev 20 of 27 !!! Next...
On January 1, Boston Enterprises Issues bonds that have a $1,850,000 par value, mature in 20 years, and pay 7% interest semlannually on June 30 and December 31. The bonds are sold at par 1. How much Interest will Boston pay (In cash) to the bondholders every six months? 2. Prepare journal entries to record (a) the Issuance of bonds on January 1. (b) the first Interest payment on June 30, and (c) the second interest payment on December 31...
Dunphy Company issued $10,000 of 6%, 10-year bonds at par value on January 1. Interest is paid semiannually each June 30 and December 31. Prepare the entries for (a) the issuance of the bonds and (b) the first interest payment on June 30. View transaction list Journal entry worksheet Record the issuance of the bonds. Note: Enter debits before credits Date Jan 01 General Journal Debit Credit Record entry Clear entry View general journal < Prev 1 of 17 !!!...
On January 1, Boston Enterprises issues bonds that have a
$1,600,000 par value, mature in 20 years, and pay 8% interest
semiannually on June 30 and December 31. The bonds are sold at
par.
1. How much interest will Boston pay (in cash) to
the bondholders every six months?
2. Prepare journal entries to record (a) the
issuance of bonds on January 1, (b) the first interest payment on
June 30, and (c) the second interest payment on December 31....
need help answering the questions ...thanks
On January 1, 2017, Boston Enterprises issues bonds that have a $1,200,000 par value, mature in 20 years, and pay 9% interest semiannually on June 30 and December 31. The bonds are sold at par. 1. How much interest will Boston pay (in cash) to the bondholders every six months? 2. Prepare journal entries to record (a) the issuance of bonds on January 1, 2017; (b) the first interest payment on June 30, 2017;...
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