Semiannual amortization = (560000-507831/8) = 6521
Semiannual period | Unamortized Discount | Carrying value |
01/01/2017 | 52169 | 507831 |
06/30/2017 | 45648 | 514352 |
12/31/2017 | 39127 | 520873 |
06/30/2018 | 32606 | 527394 |
12/31/2018 | 26085 | 533915 |
Required information (The following information applies to the questions displayed below! Part 3 of 4 Legacy issues...
Required information The following information applies to the questions displayed below) Legacy issues $600,000 of 70%, four year bonds dated January 1, 2017 that pay interest semiannually on June 30 and December 31 They are issued at $541,807 and their market rate is 10% at the issue dote 3. Prepare a straight-line amortization table for the bonds' first two years. Answer is complete but not entirely correct. Semiannual Unamortized Carrying Period End Discount Value 01/01/2017 $ 58,193 $ 541,807 06/30/2017...
Required information The following information applies to the questions displayed below) Legacy issues $700,000 of 75%, four year bonds dated January 1, 2019, that pay interest semiannually on June 30 and December 31 They are issued at $643,419 when the market rate is 10% Required: 1. Prepare the January 1 journal entry to record the bonds' issuance. View transaction list Journal entry worksheet Record the issue of bonds with a par value of $700,000 on January 1, 2019 at an...
Required Information (The following information applies to the questions displayed below) Ike issues $110,000 of 9%, three-year bonds dated January 1, 2019, that pay interest semiannually on June 30 and December 31. They are issued at $112,881. When the market rate is 8% 3. Prepare an effective interest amortization table for the bonds' first two years. Cash Interest Pald Bond Interest Expense Premium Amortization Unamortized Premium Carrying Value Semiannual Interest Period-End 01/01/2019 06/30/2019 12/31/2019 06/30/2020 12/31/2020
Required information [The following information applies to the questions displayed below! Part 2 of 4 Legacy issues $560,000 of 9.0%, four year bonds dated January 1, 2017, that pay interest semiannually on June 30 and December 31. They are issued at $507,831 and their market rate is 12% at the issue date. 2. Determine the total bond interest expense to be recognized over the bonds' life. points (8 00:35:28 Total bond interest expense over lite of bonds Amount repaid: payments...
Required information Problem 10-4A Straight-Line: Amortization of bond discount LO P2 The following information applies to the questions displayed below.) Legacy issues $560,000 of 9.0%, four-year bonds dated January 1, 2019, that pay interest semiannually on June 30 and December 31. They are issued at $507,831 when the market rate is 12% Problem 10-4A Part 2 2. Determine the total bond interest expense to be recognized over the bonds' life Total bond interest expense over life of bonds: Amount repaid...
Required information The following information applies to the questions displayed below.J Duval Co. issues four-year bonds with a $113,000 par value on Jenuary 1, 2017, at a price of $108,855. The annual contract rate is 6%, and interest is paid semiannually on June 30 and December 31. 1. Prepare an amortization table for these bonds. Use the straight-line method of interest amortization. (Round your answers to the nearest dollar amount.) Carrying Semiannual Unamortized Period-End 1/01/2017 6/30/2017 12/31/2017 6/30/2018 12/31/2018 6/30/2019...
Required information [The following information applies to the questions displayed below.) Legacy issues $670,000 of 6.0%, four-year bonds dated January 1, 2019, that pay interest semiannually on June 30 and December 31. They are issued at $624,896 when the market rate is 8%. Required: 1. Prepare the January 1 journal entry to record the bonds' issuance. Journal entry worksheet Record the issue of bonds with a par value of $670,000 on January 1, 2019 at an issue price of $624,896....
Legacy issues $710,000 of 8.0%, four year bonds dated January 1, 2017, that pay interest semiannually on June 30 and December 31. They are issued at $621,812 and their market rate is 12% at the issue date. 2. Determine the total bond interest expense to be recognized over the bonds' life. Total bond interest expense over life of bonds: Amount repaid payments of Par value at maturity Total repaid Less amount borrowed Total bond interest expense Legacy issues $710,000 of...
The following information applies to the questions displayed below.) Legacy issues $740,000 of 7.5%, four-year bonds dated January 1, 2017, that pay interest semiannually on June 30 and December 31. They are issued at $680,186 and their market rate is 10% at the issue date. 4. Prepare the journal entries to record the first two interest payments. View transaction list Journal entry worksheet Record the interest payment and amortization on June 30, 2017 Note: Enter debits before credits Date General...
Required information [The following information applies to the questions displayed below.) Part 4 of 4 Legacy issues $680,000 of 6.5%, four-year bonds dated January 1, 2017, that pay interest semiannually on June 30 and December 31. They are issued at $645,669 and their market rate is 8% at the issue date. points 4. Prepare the journal entries to record the first two interest payments. eBook View transaction list View journal entry worksheet References Credit No 1 Date Jun 30, 2017...