Homework Answers
| Date | Description | Debit | Credit | |
| May 1,20Y1 | Cash | 15000000 | ||
| Bonds payable | 15000000 | |||
| Nov 1,20Y1 | Interest expense | 675000 | =15000000*9%*6/12 | |
| Cash | 675000 | |||
| Nov 1,2022 | Bonds payable | 15000000 | ||
| Cash | 14400000 | =15000000*0.96 | ||
| Gain on redemption of bonds | 600000 |
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Print Item Entries for Issuing and Calling Bonds; Gain Emil Corp. produces and sells wind-energy-driven engines....
Entries for Issuing and Calling Bonds; Gain Emil Corp. produces and sells wind-energy-driven engines. To finance...
Entries for Issuing and Calling Bonds; Gain Emil Corp. produces and sells wind-energy-driven engines. To finance its operations, Emil Corp. issued $576,000 of 25-year, 8% callable bonds on May 1, 20Y1, at their face amount, with interest payable on May 1 and November 1. The fiscal year of the company is the calendar year. Journalize the entries to record the following selected transactions: 20Y1 May 1 Issued the bonds for cash at their face amount. Nov. 1 Paid the interest...
Entries for Issuing and Calling Bonds; Gain Emil Corp. produces and sells wind-energy-driven engines. To finance...
Entries for Issuing and Calling Bonds; Gain Emil Corp. produces and sells wind-energy-driven engines. To finance its operations, Emil Corp. issued $1,466,000 of 15-year, 13% callable bonds on May 1, 20Y1, at their face amount, with interest payable on May 1 and November 1. The fiscal year of the company is the calendar year. Journalize the entries to record the following selected transactions: 20Y1 May 1 Issued the bonds for cash at their face amount. Nov. 1 Paid the interest...
Entries for Issuing and Calling Bonds; Gain Emil Corp. produces and sells wind-energy-driven engines. To finance...
Entries for Issuing and Calling Bonds; Gain Emil Corp. produces and sells wind-energy-driven engines. To finance its operations, Emil Corp. issued $1,482,000 of 10-year, 14% callable bonds on May 1, 20Y1, at their face amount, with interest payable on May 1 and November 1. The fiscal year of the company is the calendar year. Journalize the entries to record the following selected transactions: 20Y1 May 1 Issued the bonds for cash at their face amount. Nov. 1 Paid the interest...
Emil Corp. produces and sells wind-energy-driven engines. To finance its operations, Emil Corp. issued $33,100,000 of 20...
Emil Corp. produces and sells wind-energy-driven engines. To finance its operations, Emil Corp. issued $33,100,000 of 20-year, 4% callable bonds on May 1, 20Y1, at their face amount, with interest payable on May 1 and November 1. The fiscal year of the company is the calendar year. Journalize the entries to record the following selected transactions. Be sure to include the year in the date for the entries recording the issue and calling of the bonds. Refer to the Chart...
Emil Corp. produces and sells wind-energy-driven engines. To finance its operations, Emil Corp. issued $1,598,000 of...
Emil Corp. produces and sells wind-energy-driven engines. To
finance its operations, Emil Corp. issued $1,598,000 of 10-year,
14% callable bonds on May 1, 20Y1, at their face amount, with
interest payable on May 1 and November 1. The fiscal year of the
company is the calendar year. Journalize the entries to record the
following selected transactions: 20Y1 May 1 Issued the bonds for
cash at their face amount. Nov. 1 Paid the interest on the bonds.
20Y5 Nov. 1 Called...
Entries for Issuing and Calling Bonds; Gain Mia Breen Corp. produces and wind-energy-driven engines. To finance...
Entries for Issuing and Calling Bonds; Gain Mia Breen Corp. produces and wind-energy-driven engines. To finance its operations, Mia Breen issued $1,899,000 of 10 year, 10% calable bonds on May 1, 2015, at their face amount, with interest payable on May 1 and November 1. The fiscal year of the company is the calendar year Journalize the entries to record the following selected transactions 2045 May 1 Issued the bonds for cash at their face amount Nov. 1 Paid the...
Calculator Entries for Issuing and Calling Bonds; Gain Mia Ireen Corp. produces and sells wind energy...
Calculator Entries for Issuing and Calling Bonds; Gain Mia Ireen Corp. produces and sells wind energy driven engines. To finance its operations, Mia Breen Corp. issued $165,000 of 20-year 9% Callable bonds on May 1 Year 1, at their face amount, with interest payable on May 1 and November 1. The fiscal year of the company is the calendar year. Journate the entries to record the following selected transactions Year 1 May 1 Issued the bonds for cash at their...
Entries for Issuing and Calling Bonds: Gain Em Cor produces and se wind energy drive engines....
Entries for Issuing and Calling Bonds: Gain Em Cor produces and se wind energy drive engines. To finance its operations, Emi Corp. issued $819,000 of 10-year 9 calable bonds on May 1, 2011, their face amount, with interest payable on May 1 and November 1. This year of the company is the calendar year Journalize the entries to record the following selected transactions: 2011 May 1 Issued the bonds for that their face amount Nov 1 Paid the interest on...
Emil Corp. produces and sells wind-energy-driven engines. To finance its operations, Emil Corp. issued $1,586,000 of...
Emil Corp. produces and sells wind-energy-driven engines. To finance its operations, Emil Corp. issued $1,586,000 of 15-year, 10% callable bonds on May 1, 20Y1, at their face amount, with interest payable on May 1 and November 1. The fiscal year of the company is the calendar year. Journalize the entries to record the following selected transactions: 20Y1 May 1 Issued the bonds for cash at their face amount. Nov. 1 Paid the interest on the bonds. 20Y5 Nov. 1 Called...
Entries for 1ssuing and Calling Bonds; Gain Year 1, at the Mia Breen Corp. produces and...
Entries for 1ssuing and Calling Bonds; Gain Year 1, at the Mia Breen Corp. produces and sells wind-energy-driven engines. To fin amount, with interest payable on May 1 and November 1. The fiscal year of the company is the calendar year Journalize the entries to record the following selected transactions: Year 1 May 1 Issued the bonds for cash at their face amount. ance its operations, M a Breen Corp. issued $1,487,000 of 25-year, 8% callable bonds on May İ...
Entries for Issuing and Calling Bonds; Gain Emil Corp. produces and sells wind-energy-driven engines. To finance its operations, Emil Corp. issued $576,000 of 25-year, 8% callable bonds on May 1, 20Y1, at their face amount, with interest payable on May 1 and November 1. The fiscal year of the company is the calendar year. Journalize the entries to record the following selected transactions: 20Y1 May 1 Issued the bonds for cash at their face amount. Nov. 1 Paid the interest...
Emil Corp. produces and sells wind-energy-driven engines. To
finance its operations, Emil Corp. issued $1,598,000 of 10-year,
14% callable bonds on May 1, 20Y1, at their face amount, with
interest payable on May 1 and November 1. The fiscal year of the
company is the calendar year. Journalize the entries to record the
following selected transactions: 20Y1 May 1 Issued the bonds for
cash at their face amount. Nov. 1 Paid the interest on the bonds.
20Y5 Nov. 1 Called...
Entries for Issuing and Calling Bonds; Gain Mia Breen Corp. produces and wind-energy-driven engines. To finance its operations, Mia Breen issued $1,899,000 of 10 year, 10% calable bonds on May 1, 2015, at their face amount, with interest payable on May 1 and November 1. The fiscal year of the company is the calendar year Journalize the entries to record the following selected transactions 2045 May 1 Issued the bonds for cash at their face amount Nov. 1 Paid the...
Calculator Entries for Issuing and Calling Bonds; Gain Mia Ireen Corp. produces and sells wind energy driven engines. To finance its operations, Mia Breen Corp. issued $165,000 of 20-year 9% Callable bonds on May 1 Year 1, at their face amount, with interest payable on May 1 and November 1. The fiscal year of the company is the calendar year. Journate the entries to record the following selected transactions Year 1 May 1 Issued the bonds for cash at their...
Entries for Issuing and Calling Bonds: Gain Em Cor produces and se wind energy drive engines. To finance its operations, Emi Corp. issued $819,000 of 10-year 9 calable bonds on May 1, 2011, their face amount, with interest payable on May 1 and November 1. This year of the company is the calendar year Journalize the entries to record the following selected transactions: 2011 May 1 Issued the bonds for that their face amount Nov 1 Paid the interest on...
Entries for 1ssuing and Calling Bonds; Gain Year 1, at the Mia Breen Corp. produces and sells wind-energy-driven engines. To fin amount, with interest payable on May 1 and November 1. The fiscal year of the company is the calendar year Journalize the entries to record the following selected transactions: Year 1 May 1 Issued the bonds for cash at their face amount. ance its operations, M a Breen Corp. issued $1,487,000 of 25-year, 8% callable bonds on May İ...
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