Journal entry
Date | General Journal | Debit | Credit |
Jan 1 | Cash (330000*88.5/100) | 292050 | |
Discount on bonds payable | 37950 | ||
Bonds payable | 330000 | ||
(To record bond issue) | |||
QS 10-5 Journalizing discount bond issuance LO P2 Enviro Company issues 10%, 10-year bonds with a...
QS 10-6 Journalizing premium bond issuance LO P3 Garcia Company issues 8.5%, 15-year bonds with a par value of $390,000 and semiannual interest payments. On the issue date, the annual market rate for these bonds is 6.5%, which implies a selling price of 116 1/4. Prepare the journal entry for the issuance of these bonds for cash on January 1.
QS 10-6 Journalizing premium bond issuance LO P3 Garcia Company issues 10.0%, 15-year bonds with a par value of $420,000 and semiannual interest payments. On the issue date, the annual market rate for these bonds is 8.0%, which implies a selling price of 115. Prepare the journal entry for the issuance of these bonds for cash on January 1. View transaction list Journal entry worksheet < 1 > Record the issue of bonds with a par value of $420,000 at...
QS 10-7 Straight-Line: Discount bond computations LO P2 Enviro Company issues 8%, 10-year bonds with a par value of $250,000 and semiannual interest payments. On the issue date, the annual market rate for these bonds is 10%, which implies a selling price of 87 %. The straight-line method is used to allocate interest expense. 1. Using the implied selling price of 87 %, what are the issuer's cash proceeds from Issuance of these bonds? 2. What total amount of bond...
QS 14-4 Journalizing bond issuance LO P1 Prepare the journal entry for the issuance of these bonds. Assume the bonds are issued for cash on January 1, 2017 Garcia Company issues 8.50%, 15-year bonds with a par value of $390,000 and semiannual interest payments. On the issue date, the annual market rate for these bonds is 6.50%, which implies a selling price of 116 1/4 View transaction list View journal entry worksheet Debit Credit No 1 Date Jan 01, 2017...
QS 10-4 Journalizing bond issuance LO P1 Prepare the journal entry for the issuance of these bonds. Assume the bonds are issued for cash on January 1, 2017 Garcia Company issues 11.00%, 15-year bonds with a par value of $440,000 and semiannual interest payments. On the issue date, annual market rate for these bonds is 9.00%, which implies a selling price of 114. View transaction list Journal entry worksheet Record the issue of bonds with a par value of $440,000....
Prepare the journal entry for the issuance of the bonds. Assume the bonds are issued for cash on January 1, 2017. Enviro Company issues 10%, 10-year bonds with a par value of $300,000 and semiannual interest payments. On the issue date, the annual market rate for these bonds is 12%, which implies a selling price of 88 1/2. Prepare the journal entry for the issuance of these bonds. Assume the bonds are issued for cash on January 1, 2017. Garcia...
Enviro Company issues 10%, 10-year bonds with a par value of $350,000 and semiannual interest payments. On the issue date, the annual market rate for these bonds is 12%, which implies a selling price of 88 1/2. Prepare the journal entry for the issuance of the bonds for cash on January 1. View transaction list Journal entry worksheet Record the issue of bonds with a par value of $350,000. Note: Enter debits before credits. General Journal Debit Credit Date Jan...
QS 10-9 Straight-Line: Premium bond computations LO P3 Enviro Company issues 11.50%, 10-year bonds with a par value of $450,000 and semiannual interest payments. On the issue date, the annual market rate for these bonds is 8.50%, which implies a selling price of 128.375. The straight-line method is used to allocate interest expense. 1. Using the implied selling price of 128.375. what are the issuer's cash proceeds from issuance of these bonds? 2. What total amount of bond interest expense...
Accounting for Long Term Liabilities QS 10-6 Straight-Line: Bond computations LO P2 Enviro Company issues 8% 10-year bonds with a par value of $150,000 and semiannual interest payments. On the issue date, the annual market rate for these bonds is 10% which implies a selling price of 87 2. The straight-line method is used to allocate interest expense. 1. Using the implied selling price of 87 . what are the issuer's cash proceeds from issuance of these bonds? Cash proceeds...
QS 10-8 Straight-Line: Bond computations LO P3 Enviro Company issues 12.00%, 10-year bonds with a par value of $460,000 and semiannual interest payments. On the issue date, the annual market rate for these bonds is 9.00%, which implies a selling price of 128 5 B. The straight-line method is used to allocate interest expense. 1. Using the implied selling price of 128 5/8. what are the issuers cash proceeds from issuance of these bonds? 2. What total amount of bond...