Homework Answers
Cash received will equal =900000*06% =864000
Thus the answer is d) debit to cash for $864,000
Add Answer to:
Question 2 0.6 points Gomez Corporation issues 10-year, 8%, $900,000 bonds dated January 1, 2017, at 96. The Journa...
Save Answer Question 1 0.6 points Molina Corporation issues 10-year, 8%, $5,000,000 bonds dated January 1, 2017,...
Save Answer Question 1 0.6 points Molina Corporation issues 10-year, 8%, $5,000,000 bonds dated January 1, 2017, at 103. The journal entry to record the issuance will show a debit to Cash of $5,000,000 debit to Premium on Bonds Payable for $150,000 credit to Bonds Payable for $5,000,000 credit to Cash for $5,150,000
Culver Corporation issues 5900, 10-year, 8%, $1000 bonds dated January 1, 2017, at 105. The journal...
Culver Corporation issues 5900, 10-year, 8%, $1000 bonds dated January 1, 2017, at 105. The journal entry to record the issuance will show a Entry field with incorrect answer now contains modified data debit to Premium on Bonds Payable for $295000. credit to Cash for $6195000. credit to Bonds Payable for $5900000. debit to Cash of $5900000.
ment CALCULATO Question 2 Bonita Industries issues 2600, 10-year, 8%, $1000 bonds dated January 1, 2020,...
ment CALCULATO Question 2 Bonita Industries issues 2600, 10-year, 8%, $1000 bonds dated January 1, 2020, at 98. The Journal entry to record the issuance will show a debit to Cash for $2548000. debit to Cash of $2600000. credit to Discount on Bonds Payable for $52000. credit to Bonds Payable for $2652000.
Ward Corporation issues 5,000, 10-year, 8%, $1,000 bonds dated January 1, 2013, at 104. The journal...
Ward Corporation issues 5,000, 10-year, 8%, $1,000 bonds dated January 1, 2013, at 104. The journal entry to record the issuance will show a debit to Cash of $5,000,000. credit to Premium on Bonds Payable for $200,000. credit to Bonds Payable for $5,040,000. credit to Cash for $5,020,000.
On January 1, a company issues bonds dated January 1 with a par value of $210,000....
On January 1, a company issues bonds dated January 1 with a par value of $210,000. The bonds mature in 5 years. The contract rate is 11%, and interest is paid semiannually on June 30 and December 31. The market rate is 10% and the bonds are sold for $218,105. The journal entry to record the issuance of the bond is: Multiple Choice O Debit Cash $218,105; credit Premium on Bonds Payable $8,105, credit Bonds Pable $210,000 Debit Cash $218,105,...
Hillside issues $4,000,000 of 6% , 15-year bonds dated January 1, 2017, that pay interest semiannually...
Hillside issues $4,000,000 of 6% , 15-year bonds dated January 1, 2017, that pay interest semiannually on June 30 and December 31 The bonds are issued at a price of $3,456,448. Required: 1. Prepare the January 1, 2017, journal entry to record the bonds' issuance. 2d For each semiannual period, complete the table below to calculate the cash payment. 2( For each semiannual period, complete the table below to calculate the straight-line discount amortization. 20 For each semiannual period, complete...
On January 1, a company issues bonds dated January 1 with a par value of $220,000....
On January 1, a company issues bonds dated January 1 with a par value of $220,000. The bonds mature in 5 years. The contract rate is 9%, and interest is paid semiannually on June 30 and December 31. The market rate is 8% and the bonds are sold for $228,930. The journal entry to record the issuance of the bond is: Multiple Choice C Debit Cash $228,930; credit Bonds Payable $228,930 Debit Cash $228,930; credit Premium on Bonds Payable $8,930...
Legacy issues $710,000 of 8.0%, four-year bonds dated January 1, 2017, that pay interest semiannually on...
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. Required: 1. Prepare the January 1, 2017, journal entry to record the bonds' Issuance. View transaction list Journal entry worksheet Record the issue of bonds with a par value of $710,000 cash on January 1, 2017 at an issue price of $621,812. Note: Enter...
my Hillside issues $1,700,000 of 8% , 15- year bonds dated January 1, 2017, that pay...
my Hillside issues $1,700,000 of 8% , 15- year bonds dated January 1, 2017, that pay interest semiannually on June 30 and December 31. The bonds are issued at a price of $1,468,990. Required: 1. Prepare the January 1, 2017, journal entry to record the bonds' issuance 2(a) For each semiannual period, complete the table below to calculate the cash payment. 2(b) For each semiannual period, complete the table below to calculate the straight-line discount amortization. 2(c) For each semiannual...
Hillside issues $2,100,000 of 5%, 15-year bonds dated January 1, 2017, that pay interest semiannually on...
Hillside issues $2,100,000 of 5%, 15-year bonds dated January 1, 2017, that pay interest semiannually on June 30 and December 31. The bonds are issued at a price of $1,814,635. Required: 1. Prepare the January 1, 2017, journal entry to record the bonds' issuance. 2(a) For each semiannual period, complete the table below to calculate the cash payment. 2(b) For each semiannual period, complete the table below to calculate the straight-line discount amortization 2(c) For each semiannual period, complete the...
Save Answer Question 1 0.6 points Molina Corporation issues 10-year, 8%, $5,000,000 bonds dated January 1, 2017, at 103. The journal entry to record the issuance will show a debit to Cash of $5,000,000 debit to Premium on Bonds Payable for $150,000 credit to Bonds Payable for $5,000,000 credit to Cash for $5,150,000
ment CALCULATO Question 2 Bonita Industries issues 2600, 10-year, 8%, $1000 bonds dated January 1, 2020, at 98. The Journal entry to record the issuance will show a debit to Cash for $2548000. debit to Cash of $2600000. credit to Discount on Bonds Payable for $52000. credit to Bonds Payable for $2652000.
On January 1, a company issues bonds dated January 1 with a par value of $210,000. The bonds mature in 5 years. The contract rate is 11%, and interest is paid semiannually on June 30 and December 31. The market rate is 10% and the bonds are sold for $218,105. The journal entry to record the issuance of the bond is: Multiple Choice O Debit Cash $218,105; credit Premium on Bonds Payable $8,105, credit Bonds Pable $210,000 Debit Cash $218,105,...
Hillside issues $4,000,000 of 6% , 15-year bonds dated January 1, 2017, that pay interest semiannually on June 30 and December 31 The bonds are issued at a price of $3,456,448. Required: 1. Prepare the January 1, 2017, journal entry to record the bonds' issuance. 2d For each semiannual period, complete the table below to calculate the cash payment. 2( For each semiannual period, complete the table below to calculate the straight-line discount amortization. 20 For each semiannual period, complete...
On January 1, a company issues bonds dated January 1 with a par value of $220,000. The bonds mature in 5 years. The contract rate is 9%, and interest is paid semiannually on June 30 and December 31. The market rate is 8% and the bonds are sold for $228,930. The journal entry to record the issuance of the bond is: Multiple Choice C Debit Cash $228,930; credit Bonds Payable $228,930 Debit Cash $228,930; credit Premium on Bonds Payable $8,930...
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. Required: 1. Prepare the January 1, 2017, journal entry to record the bonds' Issuance. View transaction list Journal entry worksheet Record the issue of bonds with a par value of $710,000 cash on January 1, 2017 at an issue price of $621,812. Note: Enter...
my Hillside issues $1,700,000 of 8% , 15- year bonds dated January 1, 2017, that pay interest semiannually on June 30 and December 31. The bonds are issued at a price of $1,468,990. Required: 1. Prepare the January 1, 2017, journal entry to record the bonds' issuance 2(a) For each semiannual period, complete the table below to calculate the cash payment. 2(b) For each semiannual period, complete the table below to calculate the straight-line discount amortization. 2(c) For each semiannual...
Hillside issues $2,100,000 of 5%, 15-year bonds dated January 1, 2017, that pay interest semiannually on June 30 and December 31. The bonds are issued at a price of $1,814,635. Required: 1. Prepare the January 1, 2017, journal entry to record the bonds' issuance. 2(a) For each semiannual period, complete the table below to calculate the cash payment. 2(b) For each semiannual period, complete the table below to calculate the straight-line discount amortization 2(c) For each semiannual period, complete the...
Most questions answered within 3 hours.
-
A regional distributor deals with a product ABC that has an
annual demand of 3000 unit....
asked 5 minutes ago -
You have a 825.3 mL sample of 2.754 M HA (Ka =
4.49⋅10−4). Calculate the pH...
asked 3 hours ago -
The blues made its way into many kinds of music. Eric Clapton,
The Beatles, and Elvis...
asked 5 hours ago -
8. A wave in a string has a wave function given by: y (x, t) =...
asked 4 hours ago -
If you’re standing at the bottom of a hill and asked to evaluate
it while being...
asked 6 hours ago -
1. Which region has taken the lead in the world of
e-waste handling?
a) European Union...
asked 6 hours ago -
A 8.15- g bullet from a 9-mm pistol has a velocity of 366.0 m/s.
It strikes...
asked 7 hours ago -
The outstanding bonds of Alpha Extracts have a yield to maturity
of 7.4 percent and a...
asked 7 hours ago -
The Problem: The Case of the Harmonizing Vacations
Your CEO is exploring partnering with a European...
asked 9 hours ago -
A chemical equation is balanced by adding coefficients in front
of some formulas so that the...
asked 9 hours ago -
From the literature (reference your sources): What are the
lattice parameters of calcite and aragonite? Why...
asked 9 hours ago -
Your system is rejecting the question am asking which is
preceded by a case study. It...
asked 9 hours ago