Ike issues $200,000 of 9%, three-year bonds dated January 1, 2019, that pay interest semiannually on June 30 and December 31. They are issued at $205,239. When the market rate is 8%. JOURNAL ENTRY BELOW
Required:
1. Prepare the January 1 journal entry to record
the bonds' issuance.
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Ike issues $200,000 of 9%, three-year bonds dated January 1,
2019, that pay interest semiannually on...
Legacy issues $560,000 of 9.0%, four-year bonds dated January 1, 2019, that pay interest semiannually on...
Legacy issues $560,000 of 9.0%,
four-year bonds dated January 1, 2019, that pay interest
semiannually on June 30 and December 31. They are issued at
$507,831 when the market rate is 12%.
Required: 1. Prepare the January 1 journal entry to record the bonds' issuance. View transaction list Journal entry worksheet Record the issue of bonds with a par value of $560,000 on January 1, 2019 at an issue price of $507,831. Note: Enter debits before credits. General Journal Debit...
Ike issues $90,000 of 11%, three-year bonds dated January 1, 2019, that pay interest semiannually on...
Ike issues $90,000 of 11%, three-year bonds dated January 1,
2019, that pay interest semiannually on June 30 and December 31.
They are issued at $92,283. When the market rate is 10%.
1. Prepare the January 1 journal entry to
record the bonds' issuance.
2. Complete the below table to calculate the
total bond interest expense to be recognized over the bonds'
life.
3. Prepare an effective interest amortization
table for the bonds' first two years
4. Prepare the journal...
Ike issues $180,000 of 11%, three-year bonds dated January 1, 2019, that pay interest semiannually on...
Ike issues $180,000 of 11%, three-year bonds dated January 1, 2019, that pay interest semiannually on June 30 and December 31. They are issued at $184,565. When the market rate is 10%. A) Record the issue of bonds with a par value of $180,000 on January 1, 2019 at an issue price of $184,565. Date General Journal Debit Credit January 01 B) Complete the below table to calculate the total bond interest expense to be recognized over the bonds' life....
Ike issues $110,000 of 9%, three-year bonds dated January 1, 2019, that pay interest semiannually on...
Ike issues $110,000 of 9%, three-year bonds dated January 1, 2019, that pay interest semiannually on June 30 and December 31. They are issued at $112,881. When the market rate is 8%. 2. Complete the below table to calculate the total bond interest expense to be recognized over the bonds' life. Total bond interest expense over life of bonds: Amount repaid: payments of Par value at maturity Total repaid 0 Less amount borrowed Total bond interest expense $0
Hillside issues $1,800,000 of 7%, 15-year bonds dated January 1, 2015, that pay interest semiannually on...
Hillside issues $1,800,000 of 7%, 15-year bonds dated January 1, 2015, that pay interest semiannually on June 30 and December 31. The bonds are issued at a price of $1,555,401. Required: 1. Prepare the January 1, 2015, journal entry to record the bonds' issuance. View transaction list Journal entry worksheet Record the issue of bonds with a par value of $1,800,000 cash on January 1, 2015 at an issue price of $1,555,401. Note: Enter debits before credits. Date General Journal...
Legacy issues $710,000 of 8.0%, four-year bonds dated January 1, 2017, that pay interest semiannually on...
Legacy issues $710,000 of 8.0%, four-year bonds dated January 1, 2017, that pay interest semiannually on June 30 and December 31. They are issued at $621,812 and their market rate is 12% at the issue date. Required: 1. Prepare the January 1, 2017, journal entry to record the bonds' Issuance. View transaction list Journal entry worksheet Record the issue of bonds with a par value of $710,000 cash on January 1, 2017 at an issue price of $621,812. Note: Enter...
Hillside issues $2,900,000 of 9%, 15 year bonds dated January 1, 2019, that pay interest semiannually...
Hillside issues $2,900,000 of 9%, 15 year bonds dated January 1, 2019, that pay interest semiannually on June 30 and December 31 The bonds are issued at a price of $3,549,590 Required: 1. Prepare the January 1 journal entry to record the bonds' issuance. 2a) For each semiannual period, complete the table below to calculate the cash payment 2/b) For each semiannual period, complete the table below to calculate the straight-line premium amortization 21c) For each semiannual period, complete the...
Hillside issues $1,500,000 of 6%, 15-year bonds dated January 1, 2019, that pay interest semiannually on...
Hillside issues $1,500,000 of 6%, 15-year bonds dated January 1, 2019, that pay interest semiannually on June 30 and December 31. The bonds are issued at a price of $1,835,994. Required: 1. Prepare the January 1 journal entry to record the bonds' issuance. 2(a) For each semiannual period, complete the table below to calculate the cash payment. 2(b) For each semiannual period, complete the table below to calculate the straight-line premium amortization. 2C) For each semiannual period, complete the table...
Legacy issues $590,000 of 7.5%, four-year bonds dated January 1, 2019, that pay interest semiannually on...
Legacy issues $590,000 of 7.5%, four-year bonds dated January 1,
2019, that pay interest semiannually on June 30 and December 31.
They are issued at $542,310 when the market rate is 10%.
Required:
1. Prepare the January 1 journal entry to record
the bonds' issuance.
2. Complete the below table to calculate the total
bond interest expense to be recognized over the bonds' life.
3. Prepare an effective interest amortization
table for the bonds' first two years.
4. Prepare the...
2. Romero issues $3,400,000 of 10%, 10 year bonds dated January 1, 2019, that pay interest semiannually on June 30...
2. Romero issues $3,400,000 of 10%, 10 year bonds dated January 1, 2019, that pay interest semiannually on June 30 and December 31. The bonds are issued at a price of $4,192,932. Required: 1. Prepare the January 1 journal entry to record the bonds' issuance. 2. Prepare the journal entries to record the first two interest payments.
Legacy issues $560,000 of 9.0%,
four-year bonds dated January 1, 2019, that pay interest
semiannually on June 30 and December 31. They are issued at
$507,831 when the market rate is 12%.
Required: 1. Prepare the January 1 journal entry to record the bonds' issuance. View transaction list Journal entry worksheet Record the issue of bonds with a par value of $560,000 on January 1, 2019 at an issue price of $507,831. Note: Enter debits before credits. General Journal Debit...
Ike issues $90,000 of 11%, three-year bonds dated January 1,
2019, that pay interest semiannually on June 30 and December 31.
They are issued at $92,283. When the market rate is 10%.
1. Prepare the January 1 journal entry to
record the bonds' issuance.
2. Complete the below table to calculate the
total bond interest expense to be recognized over the bonds'
life.
3. Prepare an effective interest amortization
table for the bonds' first two years
4. Prepare the journal...
Hillside issues $1,800,000 of 7%, 15-year bonds dated January 1, 2015, that pay interest semiannually on June 30 and December 31. The bonds are issued at a price of $1,555,401. Required: 1. Prepare the January 1, 2015, journal entry to record the bonds' issuance. View transaction list Journal entry worksheet Record the issue of bonds with a par value of $1,800,000 cash on January 1, 2015 at an issue price of $1,555,401. Note: Enter debits before credits. Date General Journal...
Legacy issues $710,000 of 8.0%, four-year bonds dated January 1, 2017, that pay interest semiannually on June 30 and December 31. They are issued at $621,812 and their market rate is 12% at the issue date. Required: 1. Prepare the January 1, 2017, journal entry to record the bonds' Issuance. View transaction list Journal entry worksheet Record the issue of bonds with a par value of $710,000 cash on January 1, 2017 at an issue price of $621,812. Note: Enter...
Hillside issues $2,900,000 of 9%, 15 year bonds dated January 1, 2019, that pay interest semiannually on June 30 and December 31 The bonds are issued at a price of $3,549,590 Required: 1. Prepare the January 1 journal entry to record the bonds' issuance. 2a) For each semiannual period, complete the table below to calculate the cash payment 2/b) For each semiannual period, complete the table below to calculate the straight-line premium amortization 21c) For each semiannual period, complete the...
Hillside issues $1,500,000 of 6%, 15-year bonds dated January 1, 2019, that pay interest semiannually on June 30 and December 31. The bonds are issued at a price of $1,835,994. Required: 1. Prepare the January 1 journal entry to record the bonds' issuance. 2(a) For each semiannual period, complete the table below to calculate the cash payment. 2(b) For each semiannual period, complete the table below to calculate the straight-line premium amortization. 2C) For each semiannual period, complete the table...
Legacy issues $590,000 of 7.5%, four-year bonds dated January 1,
2019, that pay interest semiannually on June 30 and December 31.
They are issued at $542,310 when the market rate is 10%.
Required:
1. Prepare the January 1 journal entry to record
the bonds' issuance.
2. Complete the below table to calculate the total
bond interest expense to be recognized over the bonds' life.
3. Prepare an effective interest amortization
table for the bonds' first two years.
4. Prepare the...
2. Romero issues $3,400,000 of 10%, 10 year bonds dated January 1, 2019, that pay interest semiannually on June 30 and December 31. The bonds are issued at a price of $4,192,932. Required: 1. Prepare the January 1 journal entry to record the bonds' issuance. 2. Prepare the journal entries to record the first two interest payments.
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