i am divided the 550000 and the 599500 to come up with the cash payment.
still not getting the right answer
Homework Answers
| AMORTIZATION SCHEDULE | ||||||
| 550000*(7/2)% | Market rate(5/2)=2.5% *Previous Book value | |||||
| A | B | C | D=B-C | E | F | G=F+E |
| Date | Cash payment(Interest)(Credit) | Interest Expense(Debit) | Premium on Bonds Payable(Debit) | Credit Balance in Bond Payable Premium Account | Credit Balance in Bond Payable Account | Carrying Value |
| Jan1,2021 | $49,500 | $550,000 | $599,500 | |||
| June30,2021 | $19,250 | $14,987.50 | $4,262.50 | $45,237.50 | $550,000 | $595,238 |
| Dec31,2021 | $19,250 | $14,880.94 | $4,369.06 | $40,868.44 | $550,000 | $590,868 |
| June30,2022 | $19,250 | $14,771.71 | $4,478.29 | $36,390.15 | $550,000 | $586,390 |
| Dec31,2022 | $19,250 | $14,659.75 | $4,590.25 | $31,799.90 | $550,000 | $581,800 |
| June30,2023 | $19,250 | $14,545.00 | $4,705.00 | $27,094.90 | $550,000 | $577,095 |
| Dec31,2023 | $19,250 | $14,427.37 | $4,822.63 | $22,272.27 | $550,000 | $572,272 |
| June30,2020 | $19,250 | $14,306.81 | $4,943.19 | $17,329.08 | $550,000 | $567,329 |
| Dec31,2020 | $19,250 | $14,183.23 | $5,066.77 | $12,262.31 | $550,000 | $562,262 |
| June30,2021 | $19,250 | $14,056.56 | $5,193.44 | $7,068.86 | $550,000 | $557,069 |
| Dec31,2021 | $19,250 | $13,926.72 | $5,323.28 | $1,745.59 | $550,000 | $551,746 |
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i am divided the 550000 and the 599500 to come up with
the cash payment.
still...
i am adding then subtract then devide still not getting the right numbers BB Week 8...
i am adding then subtract then devide still not
getting the right numbers
BB Week 8 Overview - ACCT1210: F X Cengage m/ilrn/takeAssignment/takeAssignment Main do?invoker=&takeAssignmentSessionLocator=&inprogress=false X CengageNOWv2 Online teachinx + aper ... Log Into JWU 18 Grammar Checker Johnson & Wales P Shared album - Dor p There's racial biasi. eBook More Than Half of Calculator Cornerstone Exercise 9-31 (Algorithmic) Bonds Issued at a Discount (Effective Interest) Sicily Corporation issued $350,000 in 8% bonds (payable on December 31, 2029) on...
need help figuring this out Be Week 5 - ACCT1210: Financix Cengage * CengageNOWV2 Online teadl...
need help figuring this out
Be Week 5 - ACCT1210: Financix Cengage * CengageNOWV2 Online teadl X + 0 x .com/ilrn/takeAssignment/takeAssignment Main.do?invoker=&takeAssignmentSessionLocator=&inprogress= f : ur Paper f... 3 Log Into JWU ! Grammar Checker Johnson & Wales P Shared album-Dor p There's racial biasi eBook Calculator Cornerstone Exercise 7-23 (Algorithmic) Disposal of an Operating Asset On August 30, Williams Manufacturing Company decided to sell one of its fabricating machines that was 15 years old for $3,860. The machine, which originally...
i not coming up with the right answer per ... Log Into JWU Grammar Checker monument...
i not coming up with the right answer
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need help i try to add but it's not working mnouncements - ACCT1210:F X Cengage X...
need help i try to add but it's not working
mnouncements - ACCT1210:F X Cengage X CengageNOWV2 Online teachin x + n/takeAssignment/takeAssignmentMain.do?invoker=&takeAssignmentSessionLocator=&inprogress=false . Log Into JWU Grammar Checker > Johnson & Wales P... Shared album - Dor.. top There's racial biasi... More Than Half Of. eBook 5 Calculator Cornerstone Exercise 7-22 Revision of Depreciation On January 1, 2017, Slade Inc. purchased a machine for $90,000. Slade depreciated the machine with the straight-line depreciation method over a useful life of 10...
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On June 30, 2017, Bramble Company issued $5,300,000 face value of 13%, 20-year bonds at $5,698,716,...
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i am adding then subtract then devide still not
getting the right numbers
BB Week 8 Overview - ACCT1210: F X Cengage m/ilrn/takeAssignment/takeAssignment Main do?invoker=&takeAssignmentSessionLocator=&inprogress=false X CengageNOWv2 Online teachinx + aper ... Log Into JWU 18 Grammar Checker Johnson & Wales P Shared album - Dor p There's racial biasi. eBook More Than Half of Calculator Cornerstone Exercise 9-31 (Algorithmic) Bonds Issued at a Discount (Effective Interest) Sicily Corporation issued $350,000 in 8% bonds (payable on December 31, 2029) on...
need help figuring this out
Be Week 5 - ACCT1210: Financix Cengage * CengageNOWV2 Online teadl X + 0 x .com/ilrn/takeAssignment/takeAssignment Main.do?invoker=&takeAssignmentSessionLocator=&inprogress= f : ur Paper f... 3 Log Into JWU ! Grammar Checker Johnson & Wales P Shared album-Dor p There's racial biasi eBook Calculator Cornerstone Exercise 7-23 (Algorithmic) Disposal of an Operating Asset On August 30, Williams Manufacturing Company decided to sell one of its fabricating machines that was 15 years old for $3,860. The machine, which originally...
i not coming up with the right answer
per ... Log Into JWU Grammar Checker monument session Locator=&inprogress=f... ☆ @ Johnson & Wales P. Shared album - Dor.. bop There's racial biasi! eBook Calculator Cornerstone Exercise 7-21 (Algorithmic) Units-of-Production Depreciation Irons Delivery Inc. purchased a new delivery truck for $42,000 on January 1, 2019. The truck is expected to have a $2,000 residual value at the end of its 5-year useful life. Irons uses the units-of-production method of depreciation. Irons...
need help i try to add but it's not working
mnouncements - ACCT1210:F X Cengage X CengageNOWV2 Online teachin x + n/takeAssignment/takeAssignmentMain.do?invoker=&takeAssignmentSessionLocator=&inprogress=false . Log Into JWU Grammar Checker > Johnson & Wales P... Shared album - Dor.. top There's racial biasi... More Than Half Of. eBook 5 Calculator Cornerstone Exercise 7-22 Revision of Depreciation On January 1, 2017, Slade Inc. purchased a machine for $90,000. Slade depreciated the machine with the straight-line depreciation method over a useful life of 10...
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On December 31, 2018, Squidward Corporation issued $500,000, 8%, 20-year bonds for $414,210 cash when the market rate of Interest was 10%. The bonds pay interest semi-annually each June 30 and December 31. Squidward uses the effective interest method of amortization to amortize and premium or discount. Was this bond issued at a premium or discount? Type in a 1 for discount and a 2 for premium. exact number, no tolerance On December 31, 2018, Squidward Corporation issued $500,000, 8%,...
On December 31, 2018, P. Star Corporation issued $300,000, 12%, 15-year bonds for $346,120 cash when the market rate of interest was 10%. The bonds pay interest semi-annually each June 30 and December 31. P. Star uses the effective interest method of amortization to amortize any premium or discount. What is the face value of the bond? exact number, no tolerance On December 31, 2018, P. Star Corporation issued $300,000, 12%, 15-year bonds for $346,120 cash when the market rate...
On June 30, 2017, Bramble Company issued $5,300,000 face value of 13%, 20-year bonds at $5,698,716, a yield of 12%. Bramble uses the effective-interest method to amortize bond premium or discount. The bonds pay semiannual interest on June 30 and December 31 Prepare the journal entries to record the following transactions. (Round answer to 0 decimal places, e.g 38,548. If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts. Credit account titles...
Problem 9-93A (Algorithmic) Preparing a Bond Amortization Table (Straight Line) On January 1, 2021, Distel Company borrowed $27,500 by issuing 3-year, 8.5% bonds with a face amount of $25,000. Interest is paid annually on December 31. Required: Prepare an amortization table. Note: If an amount box does not require an entry, leave it blank and if the answer is zero, enter "O". Round all amounts to the nearest dollar. And, if necessary, round final year to complete the amortization. Distel...
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