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EX 15-3 Entries for investment in bonds, interest, and sale of bonds OBJ.2 purchased $120,000 of...
Entries for Investment in Bonds, Interest, and Sale of Bonds Bocelli Co. purchased $120,000 of 6%,...
Entries for Investment in Bonds, Interest, and Sale of Bonds Bocelli Co. purchased $120,000 of 6%, 20-year Sanz County bonds on May 11, Year 1, directly from the county, at their face amount plus accrued interest. The bonds pay semiannual interest on April 1 and October 1. On October 31, Year 1, Bocelli Co. sold $30,000 of the Sanz County bonds at 99 plus $150 accrued interest less a $100 brokerage commission. Do not round Interim calculations. Round final answers...
Bocelli Co. purchased $162,000 of 4%, 20-year Sanz County bonds on May 11, Year 1, directly...
Bocelli Co. purchased $162,000 of 4%, 20-year Sanz County bonds on May 11, Year 1, directly from the county, at their face amount plus accrued interest. The bonds pay semiannual interest on April 1 and October 1. On October 31, Year 1, Bocelli Co. sold $30,000 of the Sanz County bonds at 99 plus $100 accrued interest less a $110 brokerage commission. Provide journal entries for the following (refer to the Chart of Accounts for exact wording of account titles):...
Entries for Investments in Bonds, Interest, and Sale of Bonds Torres Investments acquired $160,000 of Murphy...
Entries for Investments in Bonds, Interest, and Sale of Bonds Torres Investments acquired $160,000 of Murphy Corp., 5% bonds at their face amount on October 1, Year 1. The bonds pay interest on October 1 and April 1. On April 1, Year 2, Torres sold $60,000 of Murphy Corp bonds at 102. Journalize the entries to record the following: Do not round interim calculations. Round final answers to nearest dollar. For a compound transaction, if an amount box does not...
es EX 11-1 Bond price Obj. 1 United States Steel Corporation's 7.5% bonds due in 2022...
es EX 11-1 Bond price Obj. 1 United States Steel Corporation's 7.5% bonds due in 2022 were reported as selling for 104.5. Were the bonds selling at a premium or at a discount? Why is United States Steel able to sell its bonds at this price? WORLD EX 11-2 Entries for issuing bonds Obj. 2 Thomson Co. produces and distributes semiconductors for use by computer manufacturers. Thomson issued $900,000 of 10-year, 7% bonds on May 1 of the current year...
Entries for Investments in Bonds, Interest, and Sale of Bonds Kalyagin Investments acquired $228,400 Jerris Corp.,...
Entries for Investments in Bonds, Interest, and Sale of
Bonds
Kalyagin Investments acquired $228,400 Jerris Corp., 9% bonds at
their face amount on October 1, 20Y2. The bonds pay interest on
October 1 and April 1. On April 1, 20Y3, Kalyagin sold $120,000 of
Jerris bonds at 102.
Journalize the entries to record the following:
Do not round interim calculations. Round final answers to
nearest dollar. For a compound transaction, if an amount box does
not require an entry, leave...
Entries for Investment in Bonds, Interest, and Sale of Bonds The following bond investment transactions were...
Entries for Investment in Bonds, Interest, and Sale of Bonds The following bond investment transactions were completed during a recent year by Starks Company: Year 1 Jan. 31 Purchased 45, $1,000 government bonds at 100 plus accrued interest of $225 (one month). The bonds pay 6% annual interest on July 1 and January 1. July 1 Received semiannual interest on bond investment. Aug. 30 Sold 18, $1,000 bonds at 97 plus $180 accrued interest (two months). a. Journalize the entries...
Entries for Investment in Bonds, Interest, and Sale of Bonds Gonzalez Company acquired $162,600 of Walker...
Entries for Investment in Bonds, Interest, and Sale of Bonds Gonzalez Company acquired $162,600 of Walker Co., 4% bonds on May 1 at their face amount. Interest is paid semiannually on May 1 and November 1. On November 1, Gonzalez Company sold $51,600 of the bonds for 95. Journalize entries to record the following in Year 1: For a compound transaction, if an amount box does not require an entry, leave it blank. a. The initial acquisition of the bonds...
Entries for Investments in Bonds, Interest, and Sale of Bonds Kalyagin Investments acquired $226,400 Jerris Corp.,...
Entries for Investments in Bonds, Interest, and Sale of Bonds Kalyagin Investments acquired $226,400 Jerris Corp., 8% bonds at their face amount on October 1, 20Y2. The bonds pay interest on October 1 and April 1. On April 1, 20Y3, Kalyagin sold $112,400 of Jerris bonds at 101. Journalize the entries to record the following: Do not round interim calculations. Round final answers to nearest dollar. For a compound transaction, if an amount box does not require an entry, leave...
Entries for Investments in Bonds, Interest, and Sale of Bonds Kalyagin Investments acquired $221,200 Jerris Corp.,...
Entries for Investments in Bonds, Interest, and Sale of Bonds Kalyagin Investments acquired $221,200 Jerris Corp., 696 bonds at their face amount on October 1, 20Y2. The bonds pay interest on October 1 and April 1. On April 1, 20Y3, Kalyagin sold $86,800 of Jerris bonds at 101 Journalize the entries to record the following: Do not round interim calculations. Round final answers to nearest dollar. For a compound transaction, if an amount box does not require an entry, leave...
Entries for Investment in Bonds, Interest, and Sale of Bonds Gonzalez Company acquired $202,200 of Walker...
Entries for Investment in Bonds, Interest, and Sale of Bonds Gonzalez Company acquired $202,200 of Walker Co., 4% bonds on May 1 at their face amount. Interest is paid semiannually on May 1 and November 1. On November 1, Gonzalez Company sold $54,600 of the bonds for 98. Journalize entries to record the following in Year 1: For a compound transaction, if an amount box does not require an entry, leave it blank. a. The initial acquisition of the bonds...
Entries for Investment in Bonds, Interest, and Sale of Bonds Bocelli Co. purchased $120,000 of 6%, 20-year Sanz County bonds on May 11, Year 1, directly from the county, at their face amount plus accrued interest. The bonds pay semiannual interest on April 1 and October 1. On October 31, Year 1, Bocelli Co. sold $30,000 of the Sanz County bonds at 99 plus $150 accrued interest less a $100 brokerage commission. Do not round Interim calculations. Round final answers...
Entries for Investments in Bonds, Interest, and Sale of Bonds Torres Investments acquired $160,000 of Murphy Corp., 5% bonds at their face amount on October 1, Year 1. The bonds pay interest on October 1 and April 1. On April 1, Year 2, Torres sold $60,000 of Murphy Corp bonds at 102. Journalize the entries to record the following: Do not round interim calculations. Round final answers to nearest dollar. For a compound transaction, if an amount box does not...
es EX 11-1 Bond price Obj. 1 United States Steel Corporation's 7.5% bonds due in 2022 were reported as selling for 104.5. Were the bonds selling at a premium or at a discount? Why is United States Steel able to sell its bonds at this price? WORLD EX 11-2 Entries for issuing bonds Obj. 2 Thomson Co. produces and distributes semiconductors for use by computer manufacturers. Thomson issued $900,000 of 10-year, 7% bonds on May 1 of the current year...
Entries for Investments in Bonds, Interest, and Sale of
Bonds
Kalyagin Investments acquired $228,400 Jerris Corp., 9% bonds at
their face amount on October 1, 20Y2. The bonds pay interest on
October 1 and April 1. On April 1, 20Y3, Kalyagin sold $120,000 of
Jerris bonds at 102.
Journalize the entries to record the following:
Do not round interim calculations. Round final answers to
nearest dollar. For a compound transaction, if an amount box does
not require an entry, leave...
Entries for Investment in Bonds, Interest, and Sale of Bonds Gonzalez Company acquired $162,600 of Walker Co., 4% bonds on May 1 at their face amount. Interest is paid semiannually on May 1 and November 1. On November 1, Gonzalez Company sold $51,600 of the bonds for 95. Journalize entries to record the following in Year 1: For a compound transaction, if an amount box does not require an entry, leave it blank. a. The initial acquisition of the bonds...
Entries for Investments in Bonds, Interest, and Sale of Bonds Kalyagin Investments acquired $221,200 Jerris Corp., 696 bonds at their face amount on October 1, 20Y2. The bonds pay interest on October 1 and April 1. On April 1, 20Y3, Kalyagin sold $86,800 of Jerris bonds at 101 Journalize the entries to record the following: Do not round interim calculations. Round final answers to nearest dollar. For a compound transaction, if an amount box does not require an entry, leave...
Entries for Investment in Bonds, Interest, and Sale of Bonds Gonzalez Company acquired $202,200 of Walker Co., 4% bonds on May 1 at their face amount. Interest is paid semiannually on May 1 and November 1. On November 1, Gonzalez Company sold $54,600 of the bonds for 98. Journalize entries to record the following in Year 1: For a compound transaction, if an amount box does not require an entry, leave it blank. a. The initial acquisition of the bonds...
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