Homework Answers
| No | Date | General Journal | Debit | Credit |
| 5 | Dec 31, 2022 | Interest Expense | $46,130,542 | |
| Discount on bonds payable | $480,542 | |||
| Cash | $45,650,000 | |||
| 6 | Dec 31, 2022 | Fair value adjustment | $13,322,903 | |
| Gain on bonds payable (unrealized, OCI) | $13,322,903 | |||
| ($768,389,020 + $453,341 + $480,542 - $756,000,000) | ||||
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Federal Semiconductors issued 11% bonds, dated January 1, with a face amount of $830 milion on...
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paid semiannually on June 30 and December 31. Federal determines
interest at the effective rate. Federal elected the option to
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of similar risk and maturity the market yield was 9%. Interest is
paid semiannually on June 30 and December 31. Federal determines
interest at the effective rate. Federal elected the option to
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of similar risk and maturity the market yield was 11%. Interest is
paid semiannually on June 30 and December 31. Federal determines
interest at the effective rate. Federal elected the option to
report these bonds at their fair value. On December 31, 2016, the
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On January 1, 2021, Rapid Airlines issued $275 million of its 10% bonds for $254 million....
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Federal Semiconductors issued 9% bonds, dated January 1, with a
face amount of $910 million on January 1, 2021. The bonds sold for
$831,926,157 and mature on December 31, 2040 (20 years). For bonds
of similar risk and maturity the market yield was 10%. Interest is
paid semiannually on June 30 and December 31. Federal determines
interest at the effective rate. Federal elected the option to
report these bonds at their fair value. On December 31, 2021, the
fair value...
Federal Semiconductors issued 8% bonds, dated January 1, with a
face amount of $850 million on January 1, 2021. The bonds sold for
$771,793,266 and mature on December 31, 2040 (20 years). For bonds
of similar risk and maturity the market yield was 9%. Interest is
paid semiannually on June 30 and December 31. Federal determines
interest at the effective rate. Federal elected the option to
report these bonds at their fair value. On December 31, 2021, the
fair value...
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Federal Semiconductors issued 10% bonds, dated January 1, with a
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of similar risk and maturity the market yield was 11%. Interest is
paid semiannually on June 30 and December 31. Federal determines
interest at the effective rate. Federal elected the option to
report these bonds at their fair value. On December 31, 2016, the
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