Please write dollar amounts without any comma, point, or $ On January 1, 2013, Davie Services...
Please write dollar amounts without any comma, point, or $
On January 1, 2013, Davie Services issued $20,000 of 8% bonds that mature in five years. They were sold at par. The bonds pay semiannual interest payments on June 30 and December 31 of each year. On June 30, 2013, the total interest payments made to bondholders is $
Homework Answers
Total interest payments made to bondholders on June 30, 2013
Total interest payments made to bondholders on June 30, 2013 = Face Value of the Bond x Annual coupon rate x ½
= $20,000 x 8.00% x ½
= $400
Total interest payments made to bondholders on June 30, 2013 is $400
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Please write dollar amounts without any comma, point, or $
On January 1, 2013, Davie Services...
please write the joirnal entries with the debit and credit. 1. On July 1, 2013. Avery Services issued a 4% long-term...
please write the joirnal entries with the debit and
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1. On July 1, 2013. Avery Services issued a 4% long-term note payable for S10,000. It is payable over a 5-year term in $2,000 principal installments on July 1 of each year. Each yearly installment will include both principal repayment of $2,000 and interest payment for the preceding one-year period. Please provide the journal entry needed on July 1, 2014 when the first installment payment is made. (4 points) 2....
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please answer the following questions.
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1. On July 1, 2013. Avery Services issued a 4% long-term note payable for S10,000. It is payable over a 5-year term in $2,000 principal installments on July 1 of each year. Each yearly installment will include both principal repayment of $2,000 and interest payment for the preceding one-year period. Please provide the journal entry needed on July 1, 2014 when the first installment payment is made. (4 points) 2. Paris Company buys...
please provide the journa entries with the credited and debited section. 5. On January 1, 2014,...
please provide the journa entries with the credited and
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5. On January 1, 2014, Davie Services issued $20,000 of 8% bonds that mature in five years. They were sold at a premium, for a total of $20,750, Please provide the journal entry to issue the bonds. (3 points) 6. On January 2, 2014. Mahoney Sales issued $10,000 in bonds for S10,900. They were 5-year bonds with a stated rate of 4%, and pay semiannual interest payments. Mahoney Sales...
On January 1, 2013, Davie Services issued $20,000 of 8% bonds that mature in five years....
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please write the joirnal entries with the debit and
credit.
1. On July 1, 2013. Avery Services issued a 4% long-term note payable for S10,000. It is payable over a 5-year term in $2,000 principal installments on July 1 of each year. Each yearly installment will include both principal repayment of $2,000 and interest payment for the preceding one-year period. Please provide the journal entry needed on July 1, 2014 when the first installment payment is made. (4 points) 2....
please answer the following questions.
(journal entries)
1. On July 1, 2013. Avery Services issued a 4% long-term note payable for S10,000. It is payable over a 5-year term in $2,000 principal installments on July 1 of each year. Each yearly installment will include both principal repayment of $2,000 and interest payment for the preceding one-year period. Please provide the journal entry needed on July 1, 2014 when the first installment payment is made. (4 points) 2. Paris Company buys...
please provide the journa entries with the credited and
debited section.
5. On January 1, 2014, Davie Services issued $20,000 of 8% bonds that mature in five years. They were sold at a premium, for a total of $20,750, Please provide the journal entry to issue the bonds. (3 points) 6. On January 2, 2014. Mahoney Sales issued $10,000 in bonds for S10,900. They were 5-year bonds with a stated rate of 4%, and pay semiannual interest payments. Mahoney Sales...
On January 1, 2013, Davie Services issued $20,000 of 8% bonds that mature in five years. They were sold at a premium, for a total of $20,750, on January 1, 2018 When the bonds mature, Davie Services will make the final principal payment. That entry will include which of the following: Debit Bond premium for $250 and credit Cash for O Debit Bonds payable for $20,750 and credit Cash for O Debit Bonds payable for $20,000 and credit Cash for...
Round dollar amounts to the nearest whole dollar. Assume no reversing entries are used issuance On January 1, 2017, Boston Enterprises issues bonds that have a $3,400,000 par value, mature in 20 years and pay 9% interest semiannually on June 30 and December 31. The bonds are sold at par. 1. How much interest will Boston pay (in cash) to the bondholders every six months? 2. Prepare journal entries to record (a) the issuance of bonds on January 1, 2017;...
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