Compute the price of $25,010,623 received for the bonds by using the tables shown in Present Value Tables.
Compute the price of $25,010,623 received for the bonds by using the tables shown in Present Value Tables. (Round to the nearest dollar.)
Note: Please show/explain how you got the answers for present value for face amount and present value of the semiannual interest payment.
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Compute the price of $25,010,623 received for the bonds by using the tables shown in Present Value Tables.
Bond discount, entries for bonds payable transactions ! Journal Instructions Present Value Tables Chart of Accounts...
Bond discount, entries for bonds payable transactions ! Journal Instructions Present Value Tables Chart of Accounts !Final Questions X Instructions On July 1, 20Y1, Danzer Industries Inc. issued $30,000,000 of 10-year, 11% bonds at a market (effective) interest rate of 12% , receiving cash of $28,279,368. Interest on the bonds is payable semiannually on December 31 and June 30. The fiscal year of the company is the calendar year. Required: 1. Journalize the entry to record the amount of cash...
Bond discount, entries for bonds payable transactions Instructions Present Value Tables Chart of Accounts Journal Fi...
Bond discount, entries for bonds payable transactions Instructions Present Value Tables Chart of Accounts Journal Final Questions Instructions On July 1, 20Y1, Danzer Industries Inc. issued $50,000,000 of 10-year, 8% bonds at a market (effective) interest rate of 10%, receiving cash of $43,768,920. Interest on the bonds is payable semiannually on December 31 and June 30. The fiscal year of the company is the calendar year. Required: 1. Journalize the entry to record the amount of cash proceeds from the...
Bond Discount, Entries for Bonds Payable Transactions On July 1, 20Y1, Livingston Corporation, a wholesaler of...
Bond Discount, Entries for Bonds Payable Transactions On July 1, 20Y1, Livingston Corporation, a wholesaler of manufacturing equipment, issued $4,500,000 of 5-year, 9% bonds at a market (effective) interest rate of 11%, receiving cash of $4,160,805. Interest on the bonds is payable semiannually on December 31 and June 30. The fiscal year of the company is the calendar year. Required: For all journal entries, if an amount box does not require an entry, leave it blank. 1. Journalize the entry...
............. Bond Discount, Entries for Bonds Payable Transactions On July 1, 20Y1, Livingston Corporation, a wholesaler...
.............
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For all journal entries, if an amount box does not require an entry, leave it blank....
For all journal entries, if an amount box does not require an entry, leave it blank. 1. Journalize the entry to record the amount of cash proceeds from the issuance of the bonds on July 1, 20Y1. On July 1, 20Y1, Livingston Corporation, a wholesaler of manufacturing equipment, issued $4,500,000 of 5-year, 9% bonds at a market (effective) interest rate of 11%, receiving cash of $4,160,805. Interest on the bonds is payable semiannually on December 31 and June 30. The...
Fill in the tables Use present value tables to compute the present value of $660,000 to...
Fill
in the tables
Use present value tables to compute the present value of $660,000 to be paid in 20 years, with an interest rate of 8 percent. (Future Value of $1, Present Value of $1, Future Value Annuity of $1, Present Value Annuity of $1) (Use appropriate factor(s) from the tables provided and final answer to the nearest whole dollar amount.) Table Function: Future Value: Present Value: Use present value tables to compute the present value of 20 equal...
Bond Discount, Entries for Bonds Payable Transactions On July 1, 20Y1, Livingston Corporation, a wholesaler of...
Bond Discount, Entries for Bonds Payable Transactions On July 1, 20Y1, Livingston Corporation, a wholesaler of manufacturing equipment, issued $4,400,000 of 8-year, 11% bonds at a market (effective) interest rate of 12%, receiving cash of $4,177,688. Interest on the bonds is payable semiannually on December 31 and June 30. The fiscal year of the company is the calendar year. Required: For all journal entries, if an amount box does not require an entry, leave it blank. 1. Journalize the entry...
............... Bond Premium, Entries for Bonds Payable Transactions Rodgers Corporation produces and sells football equipment. On...
...............
Bond Premium, Entries for Bonds Payable Transactions Rodgers Corporation produces and sells football equipment. On July 1, 20Y1, Rodgers issued $32,200,000 of 10-year, 13% bonds at a market (effective) interest rate of 12%, receiving cash of $34,046,503. Interest on the bonds is payable semiannually on December 31 and June 30. The fiscal year of the company is the calendar year. Required: For all journal entries, if an amount box does not require an entry, leave it blank. 1. Journalize...
Bond Premium, Entries for Bonds Payable Transactions Rodgers Corporation produces and sells football equipment. On July...
Bond Premium, Entries for Bonds Payable Transactions Rodgers Corporation produces and sells football equipment. On July 1, 20Y1, Rodgers issued $70,200,000 of 10-year, 12% bonds at a market (effective) interest rate of 10%, receiving cash of $78,948,507. Interest on the bonds is payable semiannually on December 31 and June 30. The fiscal year of the company is the calendar year. Required: For all journal entries, if an amount box does not require an entry, leave it blank. 1. Journalize the...
Bond Premium, Entries for Bonds Payable Transactions Rodgers Corporation produces and sells football equipment. On July...
Bond Premium, Entries for Bonds Payable Transactions Rodgers Corporation produces and sells football equipment. On July 1, 20Y1, Rodgers issued $48,500,000 of 10-year, 11% bonds at a market (effective) interest rate of 10%, receiving cash of $51,522,110. Interest on the bonds is payable semiannually on December 31 and June 30. The fiscal year of the company is the calendar year. Required: For all journal entries, if an amount box does not require an entry, leave it blank. 1. Journalize the...
Bond discount, entries for bonds payable transactions ! Journal Instructions Present Value Tables Chart of Accounts !Final Questions X Instructions On July 1, 20Y1, Danzer Industries Inc. issued $30,000,000 of 10-year, 11% bonds at a market (effective) interest rate of 12% , receiving cash of $28,279,368. Interest on the bonds is payable semiannually on December 31 and June 30. The fiscal year of the company is the calendar year. Required: 1. Journalize the entry to record the amount of cash...
Bond discount, entries for bonds payable transactions Instructions Present Value Tables Chart of Accounts Journal Final Questions Instructions On July 1, 20Y1, Danzer Industries Inc. issued $50,000,000 of 10-year, 8% bonds at a market (effective) interest rate of 10%, receiving cash of $43,768,920. Interest on the bonds is payable semiannually on December 31 and June 30. The fiscal year of the company is the calendar year. Required: 1. Journalize the entry to record the amount of cash proceeds from the...
.............
Bond Discount, Entries for Bonds Payable Transactions On July 1, 20Y1, Livingston Corporation, a wholesaler of manufacturing equipment, issued $6,900,000 of 5-year, 9% bonds at a market (effective) interest rate of 11%, receiving cash of $6,379,901. Interest on the bonds is payable semiannually on December 31 and June 30. The fiscal year of the company is the calendar year. Required: For all journal entries, if an amount box does not require an entry, leave it blank. 1. Journalize the...
Fill
in the tables
Use present value tables to compute the present value of $660,000 to be paid in 20 years, with an interest rate of 8 percent. (Future Value of $1, Present Value of $1, Future Value Annuity of $1, Present Value Annuity of $1) (Use appropriate factor(s) from the tables provided and final answer to the nearest whole dollar amount.) Table Function: Future Value: Present Value: Use present value tables to compute the present value of 20 equal...
...............
Bond Premium, Entries for Bonds Payable Transactions Rodgers Corporation produces and sells football equipment. On July 1, 20Y1, Rodgers issued $32,200,000 of 10-year, 13% bonds at a market (effective) interest rate of 12%, receiving cash of $34,046,503. Interest on the bonds is payable semiannually on December 31 and June 30. The fiscal year of the company is the calendar year. Required: For all journal entries, if an amount box does not require an entry, leave it blank. 1. Journalize...
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