Homework Answers
| E-TECH INITIATIVES LIMITED | |
| Balance Sheet (Partial) | |
| As of January 2, 2015 | |
| Long term Liabilities : | |
| Bonds payable | 530,000 |
| Discount on bonds payable | - 10600 |
| Carrying Value [530000*0.98] | 519,400 |
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E-Tech Initiatives Limited plans to issue $530,000, 10-year, 4 percent bonds. Interest is payable annually on...
E-Tech Initiatives Limited plans to issue $560,000, 10-year, 6 percent bonds. Interest is payable annually on...
E-Tech Initiatives Limited plans to issue $560,000, 10-year, 6
percent bonds. Interest is payable annually on December 31. All of
the bonds will be issued on January 1, 2019. Show how the bonds
would be reported on January 2, 2019, balance sheet if they are
issued at 95. (Deductions should be indicated by a minus
sign.)
E-TECH INITIATIVES LIMITED Balance Sheet (partial) As of January 2, 2019 Long-Term Liabilities Bonds Payable Carrying Value
E-Tech Initiatives Limited plans to issue $400,000, 10-year, 5 percent bonds. Interest is payable annually on...
E-Tech Initiatives Limited plans to issue $400,000, 10-year, 5 percent bonds. Interest is payable annually on December 31. All of the bonds will be issued on January 1, 2019. Show how the bonds would be reported on the January 2, 2019, balance sheet if they are Issued at 96. (Deductions should be indicated by a minus sign.) E-TECH INITIATIVES LIMITED Balance Sheet (partial) As of January 2, 2019 Long-Term Liabilities Bonds Payable Premium on Bonds Payable 400,000 16,000 Carrying Value...
E-Tech Initiatives Limited plans to issue $680,000, 10-year, 4.00 percent bonds. Interest is payable annually on...
E-Tech Initiatives Limited plans to issue $680,000, 10-year, 4.00 percent bonds. Interest is payable annually on December 31. All of the bonds will be issued on January 1, 2019. Show how the bonds would be reported on the January 2, 2019, balance sheet if they are issued at 104. E-TECH INITIATIVES LIMITED Balance Sheet (partial) As of January 2, 2019 Carrying Value TS 0
E-Tech Initiatives Limited plans to issue $580,000, 10-year, 8.00 percent bonds. Interest is payable annually on...
E-Tech Initiatives Limited plans to issue $580,000, 10-year, 8.00 percent bonds. Interest is payable annually on December 31. All of the bonds will be issued on January 1, 2019. Show how the bonds would be reported on the January 2, 2019, balance sheet if they are issued at 102. E-TECH INITIATIVES LIMITED Balance Sheet (partial) d As of January 2, 2019 Long-Term Liabilities 580,000 (11,600) Bonds Payable Premium on Bonds Payable Carrying Value Red text indicates no respanse was expected...
I don't think this is right so if someone could help thank you! E-Tech Initiatives Limited...
I don't think this is right so
if someone could help thank you!
E-Tech Initiatives Limited plans to issue $740,000, 10-year, 7.00 percent bonds. Interest is payable annually on December 31. All of the bonds will be issued on January 1, 2019. Show how the bonds would be reported on the January 2, 2019, balance sheet if they are issued at 102. points (2 02:42:13 E-TECH INITIATIVES LIMITED Balance Sheet (partial) As of January 2, 2019 Long-Term Liabilities Bonds Payable...
Please correct and complete part A & B, thank you so much in advance PB10-3 Recording...
Please correct and complete part A & B, thank you so much in
advance
PB10-3 Recording and Reporting Current Liabilities [LO 10-2] Sandler Company completed the following two transactions. The annual accounting period ends December 31. a·On December 31, calculated the payroll, which indicates gross earnings for wages ($440,000), payroll deductions for income tax ($46,000), payroll deductions for FICA ($38,000), payroll deductions for United Way ($5,800), employer contributions for FICA (matching) and state and federal unemployment taxes ($3,800). Employees were...
Saylor Co. sold $3,000,000, 8%, 10-year bonds on January 1, 2022. The bonds were dated January...
Saylor Co. sold $3,000,000, 8%, 10-year bonds on January 1, 2022. The bonds were dated January 1, 2022, and pay interest on January 1. The company uses straight-line amortization on bond premiums and discounts. Financial statements are prepared annually. Your answer is partially correct. Prepare the journal entries to record the issuance of the bonds assuming they sold at: (1) 103 and (2) 98. (Credit account titles are automatically indented when amount is entered. Do not indent manually.) No. Date...
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Saylor Co sold $3,000,000,896, 10-year bonds on January 1, 2022. The bonds were dated January 1,...
Saylor Co sold $3,000,000,896, 10-year bonds on January 1, 2022. The bonds were dated January 1, 2022 and pay interest on January 1. The company uses straight-line amortization on bond premiums and discounts. Financial statements are prepared annually. Prepare the journal entries to record the issuance of the bonds assuming they sold at: (1) 103 and (2) 9a. (Credit account titles are automatically indented when amount is entered. Do not indent manually) No. Date Account Titles and Explanation Debit Credit...
E10-11 and E10-12 s planning to issue $100,000, five-year, 6 percent bonds. Interest is payable semi-annually...
E10-11 and E10-12
s planning to issue $100,000, five-year, 6 percent bonds. Interest is payable semi-annually each June 30 and December 31. All of the bonds will be sold on mature on June 30, 2022. the bonds will be sold on July 1, 2017; they L010-3 E10-11 Required: ssue (sale price on July 1, 2017, if the yield is (a) 6 percent, (b) 5 percent, and © 7 percent. Show computations. Recording Bond Issue and First Interest Paument with Premium...
E-Tech Initiatives Limited plans to issue $560,000, 10-year, 6
percent bonds. Interest is payable annually on December 31. All of
the bonds will be issued on January 1, 2019. Show how the bonds
would be reported on January 2, 2019, balance sheet if they are
issued at 95. (Deductions should be indicated by a minus
sign.)
E-TECH INITIATIVES LIMITED Balance Sheet (partial) As of January 2, 2019 Long-Term Liabilities Bonds Payable Carrying Value
E-Tech Initiatives Limited plans to issue $400,000, 10-year, 5 percent bonds. Interest is payable annually on December 31. All of the bonds will be issued on January 1, 2019. Show how the bonds would be reported on the January 2, 2019, balance sheet if they are Issued at 96. (Deductions should be indicated by a minus sign.) E-TECH INITIATIVES LIMITED Balance Sheet (partial) As of January 2, 2019 Long-Term Liabilities Bonds Payable Premium on Bonds Payable 400,000 16,000 Carrying Value...
E-Tech Initiatives Limited plans to issue $680,000, 10-year, 4.00 percent bonds. Interest is payable annually on December 31. All of the bonds will be issued on January 1, 2019. Show how the bonds would be reported on the January 2, 2019, balance sheet if they are issued at 104. E-TECH INITIATIVES LIMITED Balance Sheet (partial) As of January 2, 2019 Carrying Value TS 0
E-Tech Initiatives Limited plans to issue $580,000, 10-year, 8.00 percent bonds. Interest is payable annually on December 31. All of the bonds will be issued on January 1, 2019. Show how the bonds would be reported on the January 2, 2019, balance sheet if they are issued at 102. E-TECH INITIATIVES LIMITED Balance Sheet (partial) d As of January 2, 2019 Long-Term Liabilities 580,000 (11,600) Bonds Payable Premium on Bonds Payable Carrying Value Red text indicates no respanse was expected...
I don't think this is right so
if someone could help thank you!
E-Tech Initiatives Limited plans to issue $740,000, 10-year, 7.00 percent bonds. Interest is payable annually on December 31. All of the bonds will be issued on January 1, 2019. Show how the bonds would be reported on the January 2, 2019, balance sheet if they are issued at 102. points (2 02:42:13 E-TECH INITIATIVES LIMITED Balance Sheet (partial) As of January 2, 2019 Long-Term Liabilities Bonds Payable...
Please correct and complete part A & B, thank you so much in
advance
PB10-3 Recording and Reporting Current Liabilities [LO 10-2] Sandler Company completed the following two transactions. The annual accounting period ends December 31. a·On December 31, calculated the payroll, which indicates gross earnings for wages ($440,000), payroll deductions for income tax ($46,000), payroll deductions for FICA ($38,000), payroll deductions for United Way ($5,800), employer contributions for FICA (matching) and state and federal unemployment taxes ($3,800). Employees were...
Saylor Co. sold $3,000,000, 8%, 10-year bonds on January 1, 2022. The bonds were dated January 1, 2022, and pay interest on January 1. The company uses straight-line amortization on bond premiums and discounts. Financial statements are prepared annually. Your answer is partially correct. Prepare the journal entries to record the issuance of the bonds assuming they sold at: (1) 103 and (2) 98. (Credit account titles are automatically indented when amount is entered. Do not indent manually.) No. Date...
Saylor Co sold $3,000,000,896, 10-year bonds on January 1, 2022. The bonds were dated January 1, 2022 and pay interest on January 1. The company uses straight-line amortization on bond premiums and discounts. Financial statements are prepared annually. Prepare the journal entries to record the issuance of the bonds assuming they sold at: (1) 103 and (2) 9a. (Credit account titles are automatically indented when amount is entered. Do not indent manually) No. Date Account Titles and Explanation Debit Credit...
E10-11 and E10-12
s planning to issue $100,000, five-year, 6 percent bonds. Interest is payable semi-annually each June 30 and December 31. All of the bonds will be sold on mature on June 30, 2022. the bonds will be sold on July 1, 2017; they L010-3 E10-11 Required: ssue (sale price on July 1, 2017, if the yield is (a) 6 percent, (b) 5 percent, and © 7 percent. Show computations. Recording Bond Issue and First Interest Paument with Premium...
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