Homework Answers
| Interest expense | 28560 | |
| Premium on bonds payable | 1785 | (35700/20) |
| Bonds payable | 30345 | |
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Instr On the first day of the fiscal year,...
On the first day of the fiscal year, a company issues an $946,000,8%, 5-year bond that...
On the first day of the fiscal year, a company issues an $946,000,8%, 5-year bond that pays semiannual interest of $37.840 ($946.000 x 85 x 1/2), receiving cash of $889.240 Required: Journalize the entry to record the first interest payment and the amortization of the related bond discount using the straight-line method. Refer to the Chart of Accounts for exact wording of account titles.
On January 1, the first day of the fiscal year, a company issues a $5,000,000, 6%,...
On January 1, the first day of the fiscal year, a company issues a $5,000,000, 6%, 10-year bond that pays semiannual interest of $150,000 ($5,000,000 x 6% x ½ year), receiving cash of $5,000,000. Journalize the entries to record (a) the issuance of the bonds, (b) the first interest payment on June 30, and (c) the payment of the principal on the maturity date of December 31. Refer to the Chart of Accounts for exact wording of account titles. Journalize...
On January 1, the first day of the fiscal year, a company issues a $7,500,000, 8%,...
On January 1, the first day of the fiscal year, a company issues
a $7,500,000, 8%, five-year bond that pays semiannual interest of
$300,000 ($7,500,000 x 8% x ½), receiving cash of $7,811,873.
Journalize the first interest payment and the amortization of
the related bond premium. Round to the nearest dollar. Refer to the
Chart of Accounts for exact wording of account titles.
TAUL TU ACCOUNTING EQUATION JOURNAL Score: 20/37 POST.REF DEBIT DATE ASSETS LIABILITIES DESCRIPTION CREDIT EQUITY 1 2...
On the first day of the fiscal year, a company issues a $920,000, 7%, five-year bond...
On the first day of the fiscal year, a company issues a $920,000, 7%, five-year bond that pays semiannual interest of $32,200 ($920,000 × 7% × 1/2), receiving cash of $884,174. Required: Journalize the entry to record the issuance of the bonds. Refer to the Chart of Accounts for exact wording of account titles.
On January 1, the first day of the fiscal year, a company issues a $1,500,000, 11%,...
On January 1, the first day of the fiscal year, a company issues a $1,500,000, 11%, five-year bond that pays semiannual interest of $82,500 ($1,500,000 x 11% x ½), receiving cash of $1,604,070. Journalize the bond issuance. Refer to the Chart of Accounts for exact wording of account titles.
Journal entry Please help ASAP, thank you! Chart of Accoun semirnual norest of S8.970 isee6,000·9% x...
Journal entry
Please help ASAP, thank you!
Chart of Accoun semirnual norest of S8.970 isee6,000·9% x 12), receiing cash of S814.040 Required: bond diacount using the straight-ine method Refer to the Chart of Accounts for exact wording of account tities 115 I Previous Ne All work saved Journalize the entry to record the first interest payment and the amortization of the related bond discount using the straight-ine method on December 31. Reler to the Chart of Accounts for exact wording...
Please help! Thank you! Instruction ia nual interest of S28 560 ($714.000 r 8% x 12he...
Please help! Thank you!
Instruction ia nual interest of S28 560 ($714.000 r 8% x 12he e ing east of S 749,700 Onthe first day of the fiscal year, a company issues a S714,000, 8%, 10-year bond that pays sem Required: ournalize the entry to record the first interest payment and amortization of premium using the straigh -line method Refer to the Chart of Accounts for exact wording of account tieles Instruction General Journal Journalize the entry to record the...
On January 1, the first day of the fiscal year, a company issues a $2,750,000, 8%,...
On January 1, the first day of
the fiscal year, a company issues a $2,750,000, 8%, five-year bond
that pays semiannual interest of $110,000 ($2,750,000 x 8% x ½),
receiving cash of $2,938,110.
Journal Shaded cells have feedback. X Journalize the first interest payment and the amortization of the related bond premium. Round to the nearest dollar. Refer to the Chart of Accounts for exact wording of account titles. How does grading work? PAGE 10 JOURNAL Score: 29/37 ACCOUNTING EQUATION...
On the first day of the fiscal year, a company issues $65,000, 6%, five-year installment notes...
On the first day of the fiscal year, a company issues $65,000, 6%, five-year installment notes that have annual payments of $15,431. The first note payment consists of $3,900 of interest and $11,531 of principal repayment. Journalize the following transactions. Refer to the Chart of Accounts for exact wording of account titles Jan. 1 Installment notes are issued st annual note payment
On the first day of its fiscal year, Ebert Company issued $11,000,000 of 10-year, 7% bonds...
On the first day of its fiscal year, Ebert Company issued $11,000,000 of 10-year, 7% bonds to finance its operations. Interest is payable semiannually. The bonds were issued at a market (effective) interest rate of 9%, resulting in Ebert receiving cash of $9,569,097. The company uses the interest method. Required: a. Journalize the entries to record the following transactions. Refer to the Chart of Accounts for exact wording of account titles. 1. Sale of the bonds on January 1. 2....
On the first day of the fiscal year, a company issues an $946,000,8%, 5-year bond that pays semiannual interest of $37.840 ($946.000 x 85 x 1/2), receiving cash of $889.240 Required: Journalize the entry to record the first interest payment and the amortization of the related bond discount using the straight-line method. Refer to the Chart of Accounts for exact wording of account titles.
On January 1, the first day of the fiscal year, a company issues
a $7,500,000, 8%, five-year bond that pays semiannual interest of
$300,000 ($7,500,000 x 8% x ½), receiving cash of $7,811,873.
Journalize the first interest payment and the amortization of
the related bond premium. Round to the nearest dollar. Refer to the
Chart of Accounts for exact wording of account titles.
TAUL TU ACCOUNTING EQUATION JOURNAL Score: 20/37 POST.REF DEBIT DATE ASSETS LIABILITIES DESCRIPTION CREDIT EQUITY 1 2...
Journal entry
Please help ASAP, thank you!
Chart of Accoun semirnual norest of S8.970 isee6,000·9% x 12), receiing cash of S814.040 Required: bond diacount using the straight-ine method Refer to the Chart of Accounts for exact wording of account tities 115 I Previous Ne All work saved Journalize the entry to record the first interest payment and the amortization of the related bond discount using the straight-ine method on December 31. Reler to the Chart of Accounts for exact wording...
Please help! Thank you!
Instruction ia nual interest of S28 560 ($714.000 r 8% x 12he e ing east of S 749,700 Onthe first day of the fiscal year, a company issues a S714,000, 8%, 10-year bond that pays sem Required: ournalize the entry to record the first interest payment and amortization of premium using the straigh -line method Refer to the Chart of Accounts for exact wording of account tieles Instruction General Journal Journalize the entry to record the...
On January 1, the first day of
the fiscal year, a company issues a $2,750,000, 8%, five-year bond
that pays semiannual interest of $110,000 ($2,750,000 x 8% x ½),
receiving cash of $2,938,110.
Journal Shaded cells have feedback. X Journalize the first interest payment and the amortization of the related bond premium. Round to the nearest dollar. Refer to the Chart of Accounts for exact wording of account titles. How does grading work? PAGE 10 JOURNAL Score: 29/37 ACCOUNTING EQUATION...
On the first day of the fiscal year, a company issues $65,000, 6%, five-year installment notes that have annual payments of $15,431. The first note payment consists of $3,900 of interest and $11,531 of principal repayment. Journalize the following transactions. Refer to the Chart of Accounts for exact wording of account titles Jan. 1 Installment notes are issued st annual note payment
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