1 | ||||
Debit | Credit | |||
Jan 01 | Cash | 39600 | =40000*0.99 | |
Discount on Bonds payable | 400 | |||
Bonds payable | 40000 | |||
Debit | Credit | |||
Jan 01 | Cash | 41400 | =40000*1.035 | |
Bonds payable | 40000 | |||
Premium on Bonds payable | 1400 | |||
2 | ||||
Semiannual cash interest payment | 3200 | =40000*16%/2 |
On January 1, Renewable Energy issues bonds that have a $40,000 par value, mature in eight years, and pay 16% interest...
On January 1, Renewable Energy issues bonds that have a $20,000 par value, mature in eight years, and pay 12% interest semiannually on June 30 and December 31. 1. Prepare the journal entry for issuance assuming the bonds are issued at a 99 and (6) 10312 2. How much interest does the company pay (in cash) to its bondholders every six months of the bonds are sold at par? Complete this question by entering your answers in the tabs below....
ct.mheducation.com G A company sem a tri mework (Required) Saved On January 1, Renewable Energy issues bonds that have a $44,000 par value, mature in ten years, and pay 15% interest semiannually on June 30 and December 31. 1. Prepare the journal entry for issuance assuming the bonds are issued at (a) 99 and (b) 1035 2. How much interest does the company pay (in cash) to its bondholders every six months if the bonds are sold at par? Complete...
Check my work On January 1, Renewable Energy issues bonds that have a $30,000 par value, mature in six years, and pay 14% interest semiannually on June 30 and December 31 1. Prepare the journal entry for issuance assuming the bonds are issued at (0)99 and ( 1032 2. How much interest does the company pay (in cash) to its bondholders every six months if the bonds are sold at par? Complete this question by entering your answers in the...
QS 10-4 Recording bond issuance and interest LO P1, P2, P3 On January 1, Renewable Energy issues bonds that have a $26,000 par value, mature in ten years, and pay 18% interest semiannually on June 30 and December 31. 1. Prepare the journal entry for issuance assuming the bonds are issued at (a) 99 and (b) 10372. 2. How much interest does the company pay (in cash) to its bondholders every six months if the bonds are sold at par?
On January 1, Boston Enterprises issues bonds that have a $1,350,000 par value, mature in 20 years, and pay 8% 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, (b) the first interest payment on June 30, and (c) the second interest payment on December 31....
On January 1, Boston Enterprises issues bonds that have a $1,500,000 par value, mature in 20 years, and pay 6% 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, (b) the first interest payment on June 30, and (c) the second interest payment on December 31....
On January 1, 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, (b) the first interest payment on June 30, and (c) the second interest payment on December 31....
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; (b) the first interest payment on June 30, 2017; and (c) the second interest payment...
On January 1, 2017, Boston Enterprises issues bonds that have a $1,700,000 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; (b) the first interest payment on June 30, 2017; and (c) the second interest payment...
On January 1, 2017, Boston Enterprises issues bonds that have a $1,200,000 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; (b) the first interest payment on June 30, 2017; and (c) the second interest payment...