On January 1, the first day of the fiscal year, a company issues a $1,500,000, 11%,...
On January 1, the first day of the fiscal year, a company issues a $1,500,000, 11%, five-year bond that pays semiannual interest of $82,500 ($1,500,000 x 11% x ½), receiving cash of $1,604,070.
Journalize the bond issuance. Refer to the Chart of Accounts for exact wording of account titles.
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On January 1, the first day of the fiscal year, a company issues
a $1,500,000, 11%,...
On January 1, the first day of the fiscal year, a company issues a $5,000,000, 6%,...
On January 1, the first day of the fiscal year, a company issues a $5,000,000, 6%, 10-year bond that pays semiannual interest of $150,000 ($5,000,000 x 6% x ½ year), receiving cash of $5,000,000. Journalize the entries to record (a) the issuance of the bonds, (b) the first interest payment on June 30, and (c) the payment of the principal on the maturity date of December 31. Refer to the Chart of Accounts for exact wording of account titles. Journalize...
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On the first day of the fiscal year, a company issues a $1,500,000, 11%, five-year bond that pays semiannual interest of $82,500 ($1,500,000 x 11% x ½), receiving cash of $1,604,070.Journalize the bond issuance on January 1. Refer to the Chart of Accounts for exact wording of account titles.
On the first day of the fiscal year, a company issues a $920,000, 7%, five-year bond...
On the first day of the fiscal year, a company issues a $920,000, 7%, five-year bond that pays semiannual interest of $32,200 ($920,000 × 7% × 1/2), receiving cash of $884,174. Required: Journalize the entry to record the issuance of the bonds. Refer to the Chart of Accounts for exact wording of account titles.
On January 1, the first day of the fiscal year, a company issues a $7,500,000, 8%,...
On January 1, the first day of the fiscal year, a company issues
a $7,500,000, 8%, five-year bond that pays semiannual interest of
$300,000 ($7,500,000 x 8% x ½), receiving cash of $7,811,873.
Journalize the first interest payment and the amortization of
the related bond premium. Round to the nearest dollar. Refer to the
Chart of Accounts for exact wording of account titles.
TAUL TU ACCOUNTING EQUATION JOURNAL Score: 20/37 POST.REF DEBIT DATE ASSETS LIABILITIES DESCRIPTION CREDIT EQUITY 1 2...
On the first day of the fiscal year, a company issues an $946,000,8%, 5-year bond that...
On the first day of the fiscal year, a company issues an $946,000,8%, 5-year bond that pays semiannual interest of $37.840 ($946.000 x 85 x 1/2), receiving cash of $889.240 Required: Journalize the entry to record the first interest payment and the amortization of the related bond discount using the straight-line method. Refer to the Chart of Accounts for exact wording of account titles.
On January 1, the first day of the fiscal year, a company issues a $2,750,000, 8%,...
On January 1, the first day of
the fiscal year, a company issues a $2,750,000, 8%, five-year bond
that pays semiannual interest of $110,000 ($2,750,000 x 8% x ½),
receiving cash of $2,938,110.
Journal Shaded cells have feedback. X Journalize the first interest payment and the amortization of the related bond premium. Round to the nearest dollar. Refer to the Chart of Accounts for exact wording of account titles. How does grading work? PAGE 10 JOURNAL Score: 29/37 ACCOUNTING EQUATION...
ouma On the frst day of the fiscal year, a company issues a S950 000, 10%,...
ouma On the frst day of the fiscal year, a company issues a S950 000, 10%, 5year bond that pays semiannual interest of S47,500 (S950,000 x 10% x 1/2a recenmg cash or s884174 Required: the entry to record the issuance of the bonds. Refer to the Chart of Accounts for exact wording of account nees
On January 1,the first day of the fiscal year, Murray Company issues a $1,000,000, 5%, five-year...
On January 1,the first day of the fiscal year, Murray Company issues a $1,000,000, 5%, five-year bond, receiving cash of $947,560. The bond pays interest semiannually on June 30 and December 31, and is amortized semiannually suing the straight-lien method. Journalize the issuance of the bond on January 1. (Note: Journal entry needs to show date) Journalize the semiannual interest payments on the June 3 and December 31 of the first year. The bond discount amortization is combined with the...
On January 1,the first day of the fiscal year, Murray Company issues a $1,000,000, 5%, five-year...
On January 1,the first day of the fiscal year, Murray Company issues a $1,000,000, 5%, five-year bond, receiving cash of $947,560. The bond pays interest semiannually on June 30 and December 31, and is amortized semiannually suing the straight-lien method. A. Journalize the issuance of the bond on January 1. (Note: Journal entry needs to show date) B. Journalize the semiannual interest payments on the June 3 and December 31 of the first year. The bond discount amortization is combined...
Issuing Bonds at a Premium On the first day of the fiscal year, a company issues...
Issuing Bonds at a Premium On the first day of the fiscal year, a company issues an $5,800,000, 8%, 9-year bond that pays semiannual interest of $232,000 ($5,800,000 × 8% × ½), receiving cash of $6,182,502. Journalize the bond issuance. If an amount box does not require an entry, leave it blank. Cash Premium on Bonds Payable Bonds Payable On the first day of the fiscal year, a company issues a $6,000,000, 11%, 4-year bond that pays semiannual interest of...
On January 1, the first day of the fiscal year, a company issues
a $7,500,000, 8%, five-year bond that pays semiannual interest of
$300,000 ($7,500,000 x 8% x ½), receiving cash of $7,811,873.
Journalize the first interest payment and the amortization of
the related bond premium. Round to the nearest dollar. Refer to the
Chart of Accounts for exact wording of account titles.
TAUL TU ACCOUNTING EQUATION JOURNAL Score: 20/37 POST.REF DEBIT DATE ASSETS LIABILITIES DESCRIPTION CREDIT EQUITY 1 2...
On the first day of the fiscal year, a company issues an $946,000,8%, 5-year bond that pays semiannual interest of $37.840 ($946.000 x 85 x 1/2), receiving cash of $889.240 Required: Journalize the entry to record the first interest payment and the amortization of the related bond discount using the straight-line method. Refer to the Chart of Accounts for exact wording of account titles.
On January 1, the first day of
the fiscal year, a company issues a $2,750,000, 8%, five-year bond
that pays semiannual interest of $110,000 ($2,750,000 x 8% x ½),
receiving cash of $2,938,110.
Journal Shaded cells have feedback. X Journalize the first interest payment and the amortization of the related bond premium. Round to the nearest dollar. Refer to the Chart of Accounts for exact wording of account titles. How does grading work? PAGE 10 JOURNAL Score: 29/37 ACCOUNTING EQUATION...
ouma On the frst day of the fiscal year, a company issues a S950 000, 10%, 5year bond that pays semiannual interest of S47,500 (S950,000 x 10% x 1/2a recenmg cash or s884174 Required: the entry to record the issuance of the bonds. Refer to the Chart of Accounts for exact wording of account nees
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