Exercise 14-11 Windsor Inc. has issued three types of debt on January 1, 2020, the start...
Exercise 14-11 Sunland Inc. has issued three types of debt on January 1, 2020, the start of the company’s fiscal year. (a) $11 million, 11-year, 15% unsecured bonds, interest payable quarterly. Bonds were priced to yield 12%. (b) $28 million par of 11-year, zero-coupon bonds at a price to yield 12% per year. (c) $17 million, 11-year, 11% mortgage bonds, interest payable annually to yield 12%. Prepare a schedule that identifies the following items for each bond: (1) maturity value,...
Bramble Inc. has issued three types of debt on January 1, 2020, the start of the company’s fiscal year. (a) $11 million, 10-year, 14% unsecured bonds, interest payable quarterly. Bonds were priced to yield 12%. (b) $25 million par of 10-year, zero-coupon bonds at a price to yield 12% per year. (c) $18 million, 10-year, 10% mortgage bonds, interest payable annually to yield 12%. Prepare a schedule that identifies the following items for each bond: (1) maturity value, (2) number...
Cullumber Inc. has issued three types of debt on January 1, 2020, the start of the company’s fiscal year. (a) $10 million, 11-year, 14% unsecured bonds, interest payable quarterly. Bonds were priced to yield 11%. (b) $27 million par of 11-year, zero-coupon bonds at a price to yield 11% per year. (c) $20 million, 11-year, 9% mortgage bonds, interest payable annually to yield 11%. Prepare a schedule that identifies the following items for each bond: (1) maturity value, (2) number...
Waterway Inc. has issued three types of debt on January 1, 2020, the start of the company’s fiscal year. (a) $11 million, 11-year, 14% unsecured bonds, interest payable quarterly. Bonds were priced to yield 10%. (b) $27 million par of 11-year, zero-coupon bonds at a price to yield 10% per year. (c) $15 million, 11-year, 9% mortgage bonds, interest payable annually to yield 10%. Prepare a schedule that identifies the following items for each bond: (1) maturity value, (2) number...
Novak Inc. has issued three types of debt on January 1, 2020, the start of the company’s fiscal year. (a) $11 million, 10-year, 13% unsecured bonds, interest payable quarterly. Bonds were priced to yield 11%. (b) $27 million par of 10-year, zero-coupon bonds at a price to yield 11% per year. (c) $20 million, 10-year, 9% mortgage bonds, interest payable annually to yield 11%. Prepare a schedule that identifies the following items for each bond: (1) maturity value, (2) number...
Metlock Inc. has issued three types of debt on January 1, 2020, the start of the company’s fiscal year. (a) $10 million, 10-year, 13% unsecured bonds, interest payable quarterly. Bonds were priced to yield 11%. (b) $27 million par of 10-year, zero-coupon bonds at a price to yield 11% per year. (c) $15 million, 10-year, 10% mortgage bonds, interest payable annually to yield 11%. Prepare a schedule that identifies the following items for each bond: (1) maturity value, (2) number...
Sheridan Inc. has issued three types of debt on January 1, 2020, the start of the company’s fiscal year. (a) $10 million, 11-year, 14% unsecured bonds, interest payable quarterly. Bonds were priced to yield 10%. (b) $27 million par of 11-year, zero-coupon bonds at a price to yield 10% per year. (c) $20 million, 11-year, 9% mortgage bonds, interest payable annually to yield 10%. Prepare a schedule that identifies the following items for each bond: (1) maturity value, (2) number...
Sheridan Inc. has issued three types of debt on January 1, 2017, the start of the company's fiscal year (a) $12 million, 9-year, 14% unsecured bonds, interest payable quarterly. Bonds were priced to yield 12% (b) $26 million par of 9-year, zero-coupon bonds at a price to yield 12% per year (c) $20 million, 9-year, 11% mortgage bonds, interest payable annually to yield 12% Prepare a schedule that identifies the following items for each bond: (1) maturity value, (2) number...
Bridgeport Inc. has issued three types of debt on January 1, 2020, the start of the company’s fiscal year. (a) $10 million, 12-year, 15% unsecured bonds, interest payable quarterly. Bonds were priced to yield 11%. (b) $25 million par of 12-year, zero-coupon bonds at a price to yield 11% per year. (c) $16 million, 12-year, 10% mortgage bonds, interest payable annually to yield 11%. Prepare a schedule that identifies the following items for each bond: (1) maturity value, (2) number...
Exercise 14-2 Kingbird Inc, has issued three types of debt on January 1, 2020, the start of the company's fiscal year: 1. $8 million, 11-year, 15% unsecured bonds, with interest payable quarterly, priced to yield 13% 2. $2.5 million par of 12-year, zero-coupon bonds at a price to yield 13% per year 3. $17 million, 12-year, 12% mortgage bonds, with interest payable annually to yield 13% Prepare a schedule that identifies the following items for each bond: (For calculation purposes,...