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![Insellest Expense June 30,2021 $ 510,738 (x) 3.1 → $15, 322 OC+ 31, 2021 > 510,738 (+ [15322 - Googoo X24] 3:1 + $ 19,281 (o](http://img.homeworklib.com/questions/ace2ec80-194e-11eb-bb15-23328db09a04.png?x-oss-process=image/resize,w_560)
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10 points Save Sunrise Corporation issued $600,000 of 4%, 10-year bonds on January 1, 2021, for...
Sunrise Corporation issued $360,000 of 6%, 10-year bonds on January 1, 2021, for $311,076. This price...
Sunrise Corporation issued $360,000 of 6%, 10-year bonds on January 1, 2021, for $311,076. This price provided a yield of 8% on the bonds. Interest is payable semiannually on June 30 and December 31. If Sunrise uses the effective interest method and fiscal year-end is on October 31, the amount of interest expense reported on the income statement for the year ended October 31, 2021 should be: (Do not add dollar sign; do not add commo by yourself to your...
NEED ASAP IN 10 MINS PLEASE SHOW CALCULATIONS!!!!!! Sunrise Corporation issued $900,000 of 6%, 10-year bonds...
NEED ASAP IN 10 MINS PLEASE SHOW CALCULATIONS!!!!!!
Sunrise Corporation issued $900,000 of 6%, 10-year bonds on January 1, 2021, for $777,690. This price provided a yield of 8% on the bonds. Interest is payable semiannually on June 30 and December 31. If Sunrise uses the effective-interest method and fiscal year-end is on October 31, the amount of interest expense reported on the income statement for the year ended October 31, 2021 should be: (Do not add dollar sign: do...
Sunset Corporation issued$360,000 of 6%,10-year bonds on January 1,2021,for$311,076.This price provided a yield of 8%on the...
Sunset Corporation issued$360,000 of 6%,10-year bonds on January 1,2021,for$311,076.This price provided a yield of 8%on the bonds.Interest is payable semiannually on June 30 and December 31.If Sunset uses the effective-interest method and fiscal year-end is on October 31,the amount of interest expense reported on the income statement for the year ended October 31, 2021 should be:
Question 6 (-12) Lang Corporation issued $600,000 of 8%, 10-year bonds on January 1, 2020, for...
Question 6 (-12) Lang Corporation issued $600,000 of 8%, 10-year bonds on January 1, 2020, for $560,975. This price provided a yield of 9% on the bonds. Interest is payable semiannually on June 30 and December 31. If Lang uses the effective-interest method, the amount of interest expense to record if financial statements are issued on December 31, 2020 should be: $50,544. (2) $49,448. * $48,685. 4 $48,000. Question 7 -- /2 Freedom Corporation buys and sells debt securities which...
On January 1, 2021, Essence Communications issued $600,000 of its 10-year, 10% bonds for $531,180. The...
On January 1, 2021, Essence Communications issued $600,000 of its 10-year, 10% bonds for $531,180. The bonds were priced to yield 12%. Interest is payable semiannually on June 30 and December 31. Essence Communications records interest at the effective rate and elected the option to report these bonds at their fair value. On December 31, 2021, the market interest rate for bonds of similar risk and maturity was 11%. The bonds are not traded on an active exchange. The decrease...
Miller Company issued 8% bonds, dated January 1, with a face amount of $1,000,000 on January...
Miller Company issued 8% bonds, dated January 1, with a face amount of $1,000,000 on January 1, 2021. The bonds sold for $846,278 and mature in 2035 (15 years). For bonds of similar risk and maturity the market yield was 10%. Interest is paid semiannually on June 30 and December 31. Assume Miller determines interest at the effective rate. Fiscal year ends on December 31. Answer the following questions: 1. What is the amount related to the bonds that Miller...
When Patey Pontoons issued 6% bonds on January 1, 2021, with a face amount of $600,000,...
When Patey Pontoons issued 6% bonds on January 1, 2021, with a face amount of $600,000, the market yield for bonds of similar risk and maturity was 10%. The bonds mature December 31, 2024 (4 years). Interest is paid semiannually on June 30 and December 31. (FV of $1, PV of $1, FVA of $1, PVA of $1, FVAD of $1 and PVAD of $1) (Use appropriate factor(s) from the tables provided.) Required: 1. Determine the price of the bonds...
please show all work 60 points Crystal Company issued 8% bonds, dated January 1, with a...
please show all work
60 points Crystal Company issued 8% bonds, dated January 1, with a face amount of $600,000 on January 1, 2021. The bonds sold for $551,133 and mature in 2035 (15 years). For bonds of similar riskan maturity the market yield was 9%. Interest is paid semiannually on June 30 and December 31. Assume Crystal determines interest at the effective rate. Fiscal year ends on December 31. Answer the following questions: 1. What is the amount related...
Spigolo Ltd., issued $600,000 of 10-year, 9% bonds on June 30, 2007, for $562,500. This price...
Spigolo Ltd., issued $600,000 of 10-year, 9% bonds on June 30, 2007, for $562,500. This price provided a yield of 10% on the bonds. Interest is payable semi-annually on December 31 and June 30. If Spigolo uses the effective interest method, determine the amount of interest expense to record if financial statements are issued on October 31, 2007
NEED ASAP 10 MINS PLEASE SHOW CALCULATIONS!!!!! Crystal Company issued 8% bonds, dated January 1, with...
NEED ASAP 10 MINS PLEASE SHOW CALCULATIONS!!!!!
Crystal Company issued 8% bonds, dated January 1, with a face amount of $600,000 on January 1, 2021. The bonds sold for $551,133 and mature in 2035 (15 years). For bonds of similar risk and maturity the market yield was 9%. Interest is paid semiannually on June 30 and December 31. Assume Crystal determines interest at the effective rate. Fiscal year ends on December 31. Answer the following questions: 1. What is the...
Sunrise Corporation issued $360,000 of 6%, 10-year bonds on January 1, 2021, for $311,076. This price provided a yield of 8% on the bonds. Interest is payable semiannually on June 30 and December 31. If Sunrise uses the effective interest method and fiscal year-end is on October 31, the amount of interest expense reported on the income statement for the year ended October 31, 2021 should be: (Do not add dollar sign; do not add commo by yourself to your...
NEED ASAP IN 10 MINS PLEASE SHOW CALCULATIONS!!!!!!
Sunrise Corporation issued $900,000 of 6%, 10-year bonds on January 1, 2021, for $777,690. This price provided a yield of 8% on the bonds. Interest is payable semiannually on June 30 and December 31. If Sunrise uses the effective-interest method and fiscal year-end is on October 31, the amount of interest expense reported on the income statement for the year ended October 31, 2021 should be: (Do not add dollar sign: do...
Question 6 (-12) Lang Corporation issued $600,000 of 8%, 10-year bonds on January 1, 2020, for $560,975. This price provided a yield of 9% on the bonds. Interest is payable semiannually on June 30 and December 31. If Lang uses the effective-interest method, the amount of interest expense to record if financial statements are issued on December 31, 2020 should be: $50,544. (2) $49,448. * $48,685. 4 $48,000. Question 7 -- /2 Freedom Corporation buys and sells debt securities which...
Miller Company issued 8% bonds, dated January 1, with a face amount of $1,000,000 on January 1, 2021. The bonds sold for $846,278 and mature in 2035 (15 years). For bonds of similar risk and maturity the market yield was 10%. Interest is paid semiannually on June 30 and December 31. Assume Miller determines interest at the effective rate. Fiscal year ends on December 31. Answer the following questions: 1. What is the amount related to the bonds that Miller...
please show all work
60 points Crystal Company issued 8% bonds, dated January 1, with a face amount of $600,000 on January 1, 2021. The bonds sold for $551,133 and mature in 2035 (15 years). For bonds of similar riskan maturity the market yield was 9%. Interest is paid semiannually on June 30 and December 31. Assume Crystal determines interest at the effective rate. Fiscal year ends on December 31. Answer the following questions: 1. What is the amount related...
NEED ASAP 10 MINS PLEASE SHOW CALCULATIONS!!!!!
Crystal Company issued 8% bonds, dated January 1, with a face amount of $600,000 on January 1, 2021. The bonds sold for $551,133 and mature in 2035 (15 years). For bonds of similar risk and maturity the market yield was 9%. Interest is paid semiannually on June 30 and December 31. Assume Crystal determines interest at the effective rate. Fiscal year ends on December 31. Answer the following questions: 1. What is the...
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