Solution:
Journal Entry | ||
Particulars | Debit | Credit |
Cash Dr | $31,34,864.00 | |
Discount on Bonds Payable | $3,65,136.00 | |
To Bonds Payable | $35,00,000.00 | |
(To record bond issuance) |
Please help! Issuing Bonds at a Discount On the first day of the fiscal year, a...
help please!!
Issuing Bonds at a Discount On the first day of the fiscal year, a company issues a $2,400,000, 7%, 6-year bond that pays semiannual interest of $84,000 $2,400,000 x 7% x V), receiving cash of $2,287,379 Journalize the bond issuance. If an amount box does not require an entry, leave it blank. Accounts Payable Bonds Payable Cash Interest Expense Interest Payable Premium on Bonds Payable Discount Amortization On the first day of the fiscal year, a company issues...
Issuing Bonds at a Discount On the first day of the fiscal year, a company issues a $1,400,000, 11%, 6-year bond that pays semiannual interest of $77,000 ($1,400,000 × 11% × ½), receiving cash of $1,233,205. Journalize the bond issuance. If an amount box does not require an entry, leave it blank.
Issuing Bonds at a Premium On the first day of the fiscal year, a company issues an $5,800,000, 8%, 9-year bond that pays semiannual interest of $232,000 ($5,800,000 × 8% × ½), receiving cash of $6,182,502. Journalize the bond issuance. If an amount box does not require an entry, leave it blank. Cash Premium on Bonds Payable Bonds Payable On the first day of the fiscal year, a company issues a $6,000,000, 11%, 4-year bond that pays semiannual interest of...
Issuing Bonds at a Discount On the first day of the fiscal year, a company issues a $3,000,000, 12%, 4-year bond that pays semiannual interest of $180,000 ($3,000,000 × 12% × ½), receiving cash of $2,908,670. Journalize the bond issuance. If an amount box does not require an entry, leave it blank.
Issuing Bonds at a Discount On the first day of the fiscal year, a company issues a $7,700,000, 5, 10-year bond that pays receiving cash of $6,197,585 interest of 5231.000 52.209.000 x 61 x ) Journalize the bond issuance. If an amount box does not require an entry leave it blank
Issuing Bonds at a Discount On the first day of the fiscal year, a company issues a $3,200,000, 12%, 8-year bond that pays semiannual interest of $192,000 ($3,200,000 × 12% × ½), receiving cash of $2,897,707. Journalize the bond issuance. If an amount box does not require an entry, leave it blank. 1. 2. 3.
Issuing Bonds at a Discount On the first day of the fiscal year, a company issues a $8,500,000, 8%, 10-year bond that pays semiannual interest of $340,000 ($8,500,000 x 8% x V), receiving cash of $6,976,330. Journalize the bond issuance. If an amount box does not require an entry, leave it it blank. 99
Issuing Bonds at a Premium On the first day of the fiscal year, a company issues a $3,500,000, 11%, 5-year bond that pays semiannual interest of $192,500 ($3,500,000 × 11% × ½), receiving cash of $3,925,823. Journalize the bond issuance. If an amount box does not require an entry, leave it blank. Cash Premium on Bonds Payable Bonds Payable
help please!!
Issuing Bonds at a Premium On the first day of the fiscal year, a company issues an $2,300,000, 8%, 9-year bond that pays semiannual interest of $92,000 ($2,300,000 x 8% x W), receiving cash of $2,616,332 Journalize the bond issuance. If an amount box does not require an entry, leave it blank Premium Amortization On the first day of the fiscal year, a company issues an $8,900,000, 12%, 9-year bond that pays semiannual interest of $534,000 ($8,900,000 x...
Question 3 Answer A and B
AB
Issuing Bonds at a Discount On the first day of the fiscal year, a company issues a $7,600,000, 6%, 6-year bond that pays semiannual interest of $228,000 ($7,600,000 6% x 12), receiving cash of $6,886,734. Journalize the bond issuance. If an amount box does not require an entry, leave it blank. Cash Discount on Bonds Payable Bonds Payable Discount Amortization On the first day of the fiscal year, a company issues a $7,600,000,...