Exercise 14-4 Metlock Company issued $588,000 of 9%, 20-year bonds on January 1, 2017, at 104....
Culver Company issued $408,000 of 10%, 20-year bonds on January 1, 2017, at 102. Interest is payable semiannually on July 1 and January 1. Culver Company uses the effective-interest method of amortization for bond premium or discount. Assume an effective yield of 9.7705%. Prepare the journal entries to record the following. (Round intermediate calculations to 6 decimal places, e.g. 1.251247 and final answer to O decimal places, e.g. 38,548. If no entry is required, select "No Entry" for the account...
Exercise 14-5 Cullumber Company issued $564,000 of 10%, 20-year bonds on January 1, 2017, at 102. Interest is payable semiannually on July 1 and January 1. Cullum ber Company uses the effective-interest method of amortization for bond premium or discount. Assume an effective yield of 9.7705%. Prepare the journal entries to record the following. (Round intermediate calculations to 6 decimal places, e.g. 1.251247 and final answer to O decimal places, e.g. 38,548. If no entry is required, select "No Entry"...
Exercise 14-4
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Blue Company issued $408,000 of 9%, 20-year bonds on January 1,
2017, at 101. Interest is payable semiannually on July 1 and
January 1. Blue Company uses the straight-line method of
amortization for bond premium or discount.
Prepare the journal entries to record the following.
(If no entry is required, select "No Entry" for the
account titles and enter 0 for the amounts. Credit account titles
are automatically indented when amount...
Exercise 14-5 Kingbird Company issued $420,000 of 10 % , 20- year bonds on January 1, 2017, at 102. Interest is payable semiannually on July 1 and January 1. Kingbird Company uses the effective-interest method of amortization for bond premium or discount. Assume an effective yield of 9.7705 %. Prepare the journal entries to record the following. (Round intermediate calculations to 6 decimal places, e.g. 1.251247 and final answer to 0 decimal places, e.g. 38,548. If no entry is required,...
Stellar Company issued $468,000 of 10%, 20-year bonds on January 1, 2017, at 102. Interest is payable semiannually on July 1 and January 1. Stellar Company uses the effective-interest method of amortization for bond premium or discount. Assume an effective yield of 9.7705%. Prepare the journal entries to record the following. (Round intermediate calculations to 6 decimal places, e.g. 1.251247 and final answer to 0 decimal places, e.g. 38,548. If no entry is required, select "No Entry" for the account...
please help with this exercise.
Problem 1 Crane Company issued $3,100,000 of 10%, 10-year bonds on January 1, 2017, at 104. Interest is payable semiannually on July 1 and January 1. Crane Company uses the effective interest method of amortization for bond premium or discount. Assume an effective yield of 9.46810%. Prepare the journal entries to record the following. (a) The issuance of the bonds. (b) The payment of interest and related amortization on July 1, 2017. (c) The accrual...
Exercise 14-5 Kingbird Inc. ssued $710,000 of 20 year 9.50% bonds on January 1, 2017 at 103 Interest s payable se method of amortization for any bond premium or discount annua y on and Ja ary . The company s estraight Prepare the journal entries to record the following: (Round answers to O decimal places, e.g. 5,275. Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry"...
Blue Company issued $480,000 of 10%, 20-year bonds on January 1, 2020, at 103. Interest is payable semiannually on July 1 and January 1. Blue Company uses the straight-line method of amortization for bond premium or discount. Prepare the journal entries to record the following. (If no entry is required, select "No Entry" for the account titles and enter for the amounts. Credit account titles are automatically indented when amount is entered. Do not indent manually) (a) The issuance of...
Sage Company issued $432,000 of 10%, 20-year bonds on January 1, 2020, at 103. Interest is payable semiannually on July 1 and January 1. Sage Company uses the straight-line method of amortization for bond premium or discount. Prepare the journal entries to record the following. (If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts. Credit account titles are automatically indented when amount is entered. Do not indent manually.) (a) The issuance...
CALCULATOR FULL SCREEN PRINTER VERSION BACK NEX Exercise 14-5 Ayayal Company issued $552,000 of 10%, 20-year bonds on January 1, 2017, at 102, Interest is payable semiannually on Assume an effective yield of 9.7705%. July 1 and January 1. Ayayai Company uses the effective-interest method of amortization for bond premium or discount. Prepare the journal entries to record the following. (Round intermediate calculations to 6 decimal places, e.g. 1.251247 and final answer to 0 decimal places, e.g. 38,548. If no...