Homework Answers
|
Date |
General Journal |
Debit |
Credit |
|
Jan 1 |
Cash |
$108111 |
|
|
Premium on Bonds Payable |
$8111 |
||
|
Bonds Payable |
$100000 |
||
|
June 30 |
Bond Interest Expense |
$4189 |
|
|
Premium on Bonds Payable |
$811 |
||
|
Cash |
$5000 |
||
|
Dec 31 |
Bond Interest Expense |
$4189 |
|
|
Premium on Bonds Payable |
$811 |
||
|
Cash |
$5000 |
|
June 30 = Premium on Bonds Payable = $8111 – $7300 = $811 |
|
Cash = $100000 × 10% × 1/2 = $5000 |
|
Dec 31 = Premium on Bonds Payable = $7300 – $6489 = $811 |
|
Cash = $100000 × 10% × 1/2 = $5000 |
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Ch 10: Quiz 0 Saved Help Save & Exit Wookie Company issues 10%, five-year bonds, on...
Wookie Company issues 10%, five-year bonds, on January 1 of this year, with a par value...
Wookie Company issues 10%, five-year bonds, on January 1 of this year, with a par value of $200,000 and semiannual interest payments. Use the following bond amortization table and 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. Semiannual Period-End Unamortized Premium Carrying Value (0) January 1, issuance .......... (1) June 30, first payment........... (2) December 31, second payment...
Wookie Company issues 6%, five-year bonds, on January 1 of this year, with a par value...
Wookie Company issues 6%, five-year bonds, on January 1 of this year, with a par value of $93,000 and semiannual interest payments. Semiannual Period-End Unamortized Premium Carrying Value (0) January 1, issuance $ 7,971 $ 100,971 (1) June 30, the first payment 7,174 100,174 (2) December 31, the second payment 6,377 99,377 Use the above straight-line bond amortization table and prepare journal entries for the following. (a) The issuance of bonds on January 1. (b) The first interest payment on...
Wookie Company issues 7%, five-year bonds, on January 1 of this year, with a par value...
Wookie Company issues 7%, five-year bonds, on January 1 of this year, with a par value of $106,000 and semiannual interest payments. Semi annual Period-End January 1, issuance June 30, first payment December 31, second payment Unamortized Premium $8,231 7, 408 6,585 Carrying Value $114, 231 113, 408 112, 585 Use the above straight-line bond amortization table and prepare journal entries for the following. (a) The issuance of bonds on January 1. (b) The first interest payment on June 30....
Wookie Company issues 6%, five-year bonds, on January 1 of this year, with a par value...
Wookie Company issues 6%, five-year bonds, on January 1 of this year, with a par value of $107,000 and semiannual interest payments. (0) (1) (2) Semiannual Period-End January 1, issuance June 30, first payment December 31, second payment Unamortized Premium $8,251 7,426 6,601 Carrying Value $115, 251 114,426 113,601 points Use the above straight-line bond amortization table and prepare journal entries for the following. (8 02:21:54 (a) The issuance of bonds on January 1. (b) The first interest payment on...
Wookie Company issues 7%, five-year bonds, on January 1 of this year, with a par value...
Wookie Company issues 7%, five-year bonds, on January 1 of this year, with a par value of $99,000 and semiannual interest payments (0) (1) (2) Seniannual Period-End January 1, 15 sunce June 30, first payment December 31. second payment Unamortized Premium $8.091 7.282 Carrying Value $107.091 106, 282 105, 473 6. 473 Use the above straight-line bond amortization table and prepare journal entries for the following (a) The issuance of bonds on January 1 (b) The first interest payment on...
Check my work Check my work Wookie Company issues 8%, five-year bonds, on January 1 of...
Check my work Check my work Wookie Company issues 8%, five-year bonds, on January 1 of this year, with a par value of $92,000 and semiannual interest payments. 071 Carrying Value Semiannual Period-End January 1, 1ssuance June 30, first paynent December 31, second payment (1) (2) points Unamortized Premium $7.951 7.156 6,361 99,156 98,361 eBook Use the above straight-line bond amortization table and prepare journal entries for the following. (a) The issuance of bonds on January 1. (b) The first...
Snap Company issues 12%, five year bonds, on January 1 of this year, with a par...
Snap Company issues 12%, five year bonds, on January 1 of this year, with a par value of $110,000 and semiannual interest payments. Semiannual Period-End (0) January 1, issuance (1) June 30, first payment (2) December 31, second payment Unamortized Discount Carrying Value $7,300 $102,700 6,570 103,430 5,840 104,160 Use the above bond amortization table and prepare journal entries to record (c) the issuance of bonds on January 1, (b) the first interest payment on June 30, and the second...
Wookie Company issues 8%, five-year bonds, on January 1 of this year, with a par value...
Wookie Company issues 8%, five-year bonds, on January 1 of this year, with a par value of $92,000 and semiannual interest payments. (0) (1) (2) Semiannual Period-End January 1, issuance June 30, first payment December 31, second payment Unamortized Premium $7,951 7,156 6,361 Carrying Value $99,951 99, 156 98,361 Use the above straight-line bond amortization table and prepare journal entries for the following. (a) The issuance of bonds on January 1. (b) The first interest payment on June 30. (c)...
Wookie Company issues 10%, five-year bonds, on January 1 of this year, with a par value...
Wookie Company issues 10%, five-year bonds, on January 1 of this year, with a par value of $105,000 and semiannual interest payments. (0) (1) Semiannual Period-End January 1, issuance June 30, first payment December 31, second payment Un amortized Premium $8,211 7,390 6,569 Carrying Value $113,211 112,390 111,569 (2) Use the above straight-line bond amortization table and prepare journal entries for the following. (a) The issuance of bonds on January 1. (b) The first interest payment on June 30. (c)...
Exercise Help Save Submit Check my work Wookie Company issues 7%, five year bonds, on January...
Exercise Help Save Submit Check my work Wookie Company issues 7%, five year bonds, on January 1 of this year with a par value of $101.000 and semiannual interest payments Unte Catal O) (1) (2) Selamat Period End January 1, issuance June 30, first payment December 31, second payment 7,318 5.505 103.31 101.505 Use the above straight-line bond amortization table and prepare journal entries for the following (a) The issuance of bonds on January 1 (b) The first interest payment...
Wookie Company issues 10%, five-year bonds, on January 1 of this year, with a par value of $200,000 and semiannual interest payments. Use the following bond amortization table and 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. Semiannual Period-End Unamortized Premium Carrying Value (0) January 1, issuance .......... (1) June 30, first payment........... (2) December 31, second payment...
Wookie Company issues 7%, five-year bonds, on January 1 of this year, with a par value of $106,000 and semiannual interest payments. Semi annual Period-End January 1, issuance June 30, first payment December 31, second payment Unamortized Premium $8,231 7, 408 6,585 Carrying Value $114, 231 113, 408 112, 585 Use the above straight-line bond amortization table and prepare journal entries for the following. (a) The issuance of bonds on January 1. (b) The first interest payment on June 30....
Wookie Company issues 6%, five-year bonds, on January 1 of this year, with a par value of $107,000 and semiannual interest payments. (0) (1) (2) Semiannual Period-End January 1, issuance June 30, first payment December 31, second payment Unamortized Premium $8,251 7,426 6,601 Carrying Value $115, 251 114,426 113,601 points Use the above straight-line bond amortization table and prepare journal entries for the following. (8 02:21:54 (a) The issuance of bonds on January 1. (b) The first interest payment on...
Wookie Company issues 7%, five-year bonds, on January 1 of this year, with a par value of $99,000 and semiannual interest payments (0) (1) (2) Seniannual Period-End January 1, 15 sunce June 30, first payment December 31. second payment Unamortized Premium $8.091 7.282 Carrying Value $107.091 106, 282 105, 473 6. 473 Use the above straight-line bond amortization table and prepare journal entries for the following (a) The issuance of bonds on January 1 (b) The first interest payment on...
Check my work Check my work Wookie Company issues 8%, five-year bonds, on January 1 of this year, with a par value of $92,000 and semiannual interest payments. 071 Carrying Value Semiannual Period-End January 1, 1ssuance June 30, first paynent December 31, second payment (1) (2) points Unamortized Premium $7.951 7.156 6,361 99,156 98,361 eBook Use the above straight-line bond amortization table and prepare journal entries for the following. (a) The issuance of bonds on January 1. (b) The first...
Snap Company issues 12%, five year bonds, on January 1 of this year, with a par value of $110,000 and semiannual interest payments. Semiannual Period-End (0) January 1, issuance (1) June 30, first payment (2) December 31, second payment Unamortized Discount Carrying Value $7,300 $102,700 6,570 103,430 5,840 104,160 Use the above bond amortization table and prepare journal entries to record (c) the issuance of bonds on January 1, (b) the first interest payment on June 30, and the second...
Wookie Company issues 8%, five-year bonds, on January 1 of this year, with a par value of $92,000 and semiannual interest payments. (0) (1) (2) Semiannual Period-End January 1, issuance June 30, first payment December 31, second payment Unamortized Premium $7,951 7,156 6,361 Carrying Value $99,951 99, 156 98,361 Use the above straight-line bond amortization table and prepare journal entries for the following. (a) The issuance of bonds on January 1. (b) The first interest payment on June 30. (c)...
Wookie Company issues 10%, five-year bonds, on January 1 of this year, with a par value of $105,000 and semiannual interest payments. (0) (1) Semiannual Period-End January 1, issuance June 30, first payment December 31, second payment Un amortized Premium $8,211 7,390 6,569 Carrying Value $113,211 112,390 111,569 (2) Use the above straight-line bond amortization table and prepare journal entries for the following. (a) The issuance of bonds on January 1. (b) The first interest payment on June 30. (c)...
Exercise Help Save Submit Check my work Wookie Company issues 7%, five year bonds, on January 1 of this year with a par value of $101.000 and semiannual interest payments Unte Catal O) (1) (2) Selamat Period End January 1, issuance June 30, first payment December 31, second payment 7,318 5.505 103.31 101.505 Use the above straight-line bond amortization table and prepare journal entries for the following (a) The issuance of bonds on January 1 (b) The first interest payment...
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