Accounting: bonds payable
Ayayai, Inc. had outstanding $6,130,000 of 11% bonds (interest payable July 31 and January 31) due in 10 years. On July 1, it issued $9,040,000 of 10%, 15-year bonds (interest payable July 1 and January 1) at 97. A portion of the proceeds was used to call the 11% bonds (with unamortized discount of $61,300) at 101 on August 1.
Prepare the journal entries necessary to record issue of the new bonds and the refunding of the bonds.
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Crane, Inc. had outstanding $5,860,000 of 11% bonds (interest payable July 31 and January 31) due...
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14-13 Pronghorn, Inc. had outstanding $6,340,000 of 11% bonds (interest payable July 31 and January 31) due in 10 years....
14-13
Pronghorn, Inc. had outstanding $6,340,000 of 11% bonds
(interest payable July 31 and January 31) due in 10 years. On July
1, it issued $8,570,000 of 10%, 15-year bonds (interest payable
July 1 and January 1) at 98. A portion of the proceeds was used to
call the 11% bonds (with unamortized discount of $190,200) at 103
on August 1.
Prepare the journal entries necessary to record issue of the new
bonds and the refunding of the bonds. (Round...
Matthew Perry Company had outstanding $6,000,000 of 11% bonds (interest payable January 31 and July 31)...
Matthew Perry Company had outstanding $6,000,000 of 11% bonds (interest payable January 31 and July 31) due in 10 years. On July 1, the company issued $9,000,000 of 10%, 15-year bonds (interest payable on January 1 and July 1) at 98. A portion of the proceeds of the $9,000,000 bonds was used to call the entire balance of the 11% bonds (with an unamortized discount of $120,000) at 102 on August 1. Instructions: Prepare the journal entries necessary to (1)...
Please write the steps to get the answers. E14.13 (LO 1, 2) (Entries for Redemption and...
Please write the steps to get the answers.
E14.13 (LO 1, 2) (Entries for Redemption and Issuance of Bonds) Matt Perry, Inc. had outstanding $6,000,000 of 11% bonds (interest payable July 31 and January 31) due in 10 years. On July 1, it issued $9,000,000 of 10%, 15-year bonds (interest payable July 1 and January 1) at 98. A portion of the proceeds was used to call the 11% bonds (with unamortized discount of $120,000) at 102 on August 1....
Please explain detail Sweet, Inc. had outstanding $5,580,000 of 12% bonds (interest payable July 31 and...
Please explain detail
Sweet, Inc. had outstanding $5,580,000 of 12% bonds (interest payable July 31 and January 31) due in 10 years. On July 1, it issued $9,400,000°f 10%, 15-year bonds (interest payable July 1 and January 1) at 99. A portion of the proceeds was used to call the 12% bonds (with unamortized discount of $111,600) at 102 on August 1. Prepare the journal entries necessary to record issue of the new bonds and the refunding of the bonds....
Please provide step by step solutions for learning purposes Pharoah, Inc. had outstanding $5,770,000 of 12%...
Please provide step by step
solutions for learning purposes
Pharoah, Inc. had outstanding $5,770,000 of 12% bonds (interest payable July 31 and January 31) due in 10 years. On July 1, it issued $8,800,000 of 10%, 15-year bonds (interest payable July 1 and January 1) at 97. A portion of the proceeds was used to call the 12% bonds (with unamortized discount of $230,800) at 104 on August 1. Prepare the journal entries necessary to record issue of the new...
ent Exercise 14-13 Blossom, inc. had outstanding S6 430,000 of 10% bonds (interest payable July 3...
ent Exercise 14-13 Blossom, inc. had outstanding S6 430,000 of 10% bonds (interest payable July 3 1 and January 3) de in l years. On M, , t ssued S, 28 000 se m·s-rerbonds (intrest payable )uly 1 and January 1) at 97. A portion cr the proceeds was used to call the i 0% bonds (with unamortized discount or sig,900) at î03 on Agust . Prepare the journal entries necessary to record issue of select "No Entry" for the...
i am struggling with these any help would be appreciated. please also leave step by step...
i am struggling with these any
help would be appreciated. please also leave step by step solutions
for learning purposes
Presented below are two independent situations. (a) Sage Co. sold $2,080,000 of 12%, 10-year bonds at 105 on January 1, 2020. The bonds were dated January 1, 2020, and pay interest on July 1 and January 1. If Sage uses the straight-line method to amortize bond premium or discount, determine the amount of interest expense to be reported on July...
14-13
Pronghorn, Inc. had outstanding $6,340,000 of 11% bonds
(interest payable July 31 and January 31) due in 10 years. On July
1, it issued $8,570,000 of 10%, 15-year bonds (interest payable
July 1 and January 1) at 98. A portion of the proceeds was used to
call the 11% bonds (with unamortized discount of $190,200) at 103
on August 1.
Prepare the journal entries necessary to record issue of the new
bonds and the refunding of the bonds. (Round...
Please write the steps to get the answers.
E14.13 (LO 1, 2) (Entries for Redemption and Issuance of Bonds) Matt Perry, Inc. had outstanding $6,000,000 of 11% bonds (interest payable July 31 and January 31) due in 10 years. On July 1, it issued $9,000,000 of 10%, 15-year bonds (interest payable July 1 and January 1) at 98. A portion of the proceeds was used to call the 11% bonds (with unamortized discount of $120,000) at 102 on August 1....
Please explain detail
Sweet, Inc. had outstanding $5,580,000 of 12% bonds (interest payable July 31 and January 31) due in 10 years. On July 1, it issued $9,400,000°f 10%, 15-year bonds (interest payable July 1 and January 1) at 99. A portion of the proceeds was used to call the 12% bonds (with unamortized discount of $111,600) at 102 on August 1. Prepare the journal entries necessary to record issue of the new bonds and the refunding of the bonds....
Please provide step by step
solutions for learning purposes
Pharoah, Inc. had outstanding $5,770,000 of 12% bonds (interest payable July 31 and January 31) due in 10 years. On July 1, it issued $8,800,000 of 10%, 15-year bonds (interest payable July 1 and January 1) at 97. A portion of the proceeds was used to call the 12% bonds (with unamortized discount of $230,800) at 104 on August 1. Prepare the journal entries necessary to record issue of the new...
ent Exercise 14-13 Blossom, inc. had outstanding S6 430,000 of 10% bonds (interest payable July 3 1 and January 3) de in l years. On M, , t ssued S, 28 000 se m·s-rerbonds (intrest payable )uly 1 and January 1) at 97. A portion cr the proceeds was used to call the i 0% bonds (with unamortized discount or sig,900) at î03 on Agust . Prepare the journal entries necessary to record issue of select "No Entry" for the...
i am struggling with these any
help would be appreciated. please also leave step by step solutions
for learning purposes
Presented below are two independent situations. (a) Sage Co. sold $2,080,000 of 12%, 10-year bonds at 105 on January 1, 2020. The bonds were dated January 1, 2020, and pay interest on July 1 and January 1. If Sage uses the straight-line method to amortize bond premium or discount, determine the amount of interest expense to be reported on July...
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