Homework Answers
| Interest expense | 3740 | |||
| Workings: | ||||
| Date | Cash interest | Interest expense | Discount amortized | Carrying value |
| Jan 01,2021 | 74686 | |||
| Jun 30,2021 | 1620 | 1867 | 247 | 74933 |
| Dec 31,2021 | 1620 | 1873 | 253 | 75186 |
| Total | 3240 | 3740 | 500 | |
| Cash interest | 1620 | =81000*4%/2 | ||
| Interest expense: | ||||
| Jun 30,2021 | 1867 | =74686*5%/2 | ||
| Dec 31,2021 | 1873 | =74933*5%/2 |
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On January 1, 2021, Lyle's Limeade issues 4%, 10-year bonds with a face amount of $81,000...
Help Save & Exit Submit Check my work On January 1, 2021, Lyle's Limeade issues 5%,...
Help Save & Exit Submit Check my work On January 1, 2021, Lyle's Limeade issues 5%, 15-year bonds with a face amount of $88,000 for $79,376, priced to yield 6%. Interest is paid semiannually. What amount of interest expense will be recorded in the December 31, 2021, annual income statement? (Do not round your Intermediate calculations. Round your final answer to nearest whole dollar amount) Interest expense < Prev Next > ipe here to search
Brief Exercise 9-13 Calculate Interest expense (L09-5) On January 1, 2021, Lyle's Limende issues 4%, 10-year...
Brief Exercise 9-13 Calculate Interest expense (L09-5) On January 1, 2021, Lyle's Limende issues 4%, 10-year bonds with a face amount of $84,000 for $77,453.priced to yleld 5%. Interest is pald semiannually What amount of Interest expense will be recorded in the December 31, 2021, annual Income statement? (Do not round your Intermediate calculations. Round your final answer to nearest whole dollar amount.)
On January 1, 2021, Lizzy's Lemonade issues 6%, 10-year bonds with a face amount of $89,000...
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help asap please On January 1, a company issued 4%, 10-year bonds with a face amount...
help asap please
On January 1, a company issued 4%, 10-year bonds with a face amount of $70 million for $59,586,058 to yield 6% Interest is paid semiannually. What was the interest expense at the effective interest rate on the December 31 annual income statement? (Enter your answers in whole dollars. Round your intermediate calculations to the nearest dollar amount.) Period Cash Interest Paid Bond Interest Expense Discount Amortization Carrying Value January 1 $ 59,586,058 June 30 December 31 Total
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Pretzelmania, Inc., issues 5%, 20-year bonds with a face amount of $53,000 for $46,875 on January 1, 2021. The market interest rate for bonds of similar risk and maturity is 6%. Interest is paid semiannually on June 30 and December 31. Required: 1. & 2. Record the bond issue and first interest payment on June 30, 2021. (If no entry is required for a particular transaction/event, select "No Journal Entry Required" in the first account field. Round your intermediate computations...
Help Save & Exit Submit Check my work On January 1, 2021, Lyle's Limeade issues 5%, 15-year bonds with a face amount of $88,000 for $79,376, priced to yield 6%. Interest is paid semiannually. What amount of interest expense will be recorded in the December 31, 2021, annual income statement? (Do not round your Intermediate calculations. Round your final answer to nearest whole dollar amount) Interest expense < Prev Next > ipe here to search
Brief Exercise 9-13 Calculate Interest expense (L09-5) On January 1, 2021, Lyle's Limende issues 4%, 10-year bonds with a face amount of $84,000 for $77,453.priced to yleld 5%. Interest is pald semiannually What amount of Interest expense will be recorded in the December 31, 2021, annual Income statement? (Do not round your Intermediate calculations. Round your final answer to nearest whole dollar amount.)
On January 1, 2021, Lizzy's Lemonade issues 6%, 10-year bonds with a face amount of $89,000 for $82,675, priced to yield 7%. Interest Is paid semiannually. What amount of Interest expense will be recorded on June 30, 2021, the first interest payment date? (Round your final answer to the nearest whole dollar amount.) newconnect.meducation.com D ACCT-2090004 e Danse Help Required Assignment Brief Exercise 9-6 Record bond issue at face amount and related semiannual interest (LO9-5) Pretreimanis, Inc. issues 6% 10...
help asap please
On January 1, a company issued 4%, 10-year bonds with a face amount of $70 million for $59,586,058 to yield 6% Interest is paid semiannually. What was the interest expense at the effective interest rate on the December 31 annual income statement? (Enter your answers in whole dollars. Round your intermediate calculations to the nearest dollar amount.) Period Cash Interest Paid Bond Interest Expense Discount Amortization Carrying Value January 1 $ 59,586,058 June 30 December 31 Total
Pretzelmania, Inc., issues 6%, 10-year bonds with a face amount of $52,000 for $48,305 on January 1, 2021. The market interest rate for bonds of similar risk and maturity is 7%. Interest is paid semiannually on June 30 and December 31. Required: 1. & 2. Record the bond issue and first interest payment on June 30, 2021. (If no entry is required for a particular transaction/event, select "No Journal Entry Required" in the first account field. Round your intermediate computations...
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On January 1, 2021, Lizzy's Lemonade logues 5%, 20 year bonds with a foce amount of $97.000 for $85.789.priced to yleld 6%. Interest is paid semiannually. What amount of interest expense will be recorded on June 30, 2021, the first interest payment date? (Round your final answer to the nearest whole dollar amount.)
Pretzelmania, Inc., issues 5%, 20-year bonds with a face amount of $53,000 for $46,875 on January 1, 2021. The market interest rate for bonds of similar risk and maturity is 6%. Interest is paid semiannually on June 30 and December 31. Required: 1. & 2. Record the bond issue and first interest payment on June 30, 2021. (If no entry is required for a particular transaction/event, select "No Journal Entry Required" in the first account field. Round your intermediate computations...
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