Pretzelmania, Inc., Issues 6%, 10-year bonds with a face amount of $60,000 for $64.677 on January 1, 2021. The market Interest rate for bonds of similar risk and maturity is 5%. 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 and final answers to the nearest whole dollar amount.)
Pretzelmania, Inc., Issues 6%, 10-year bonds with a face amount of $60,000 for $64.677 on January...
Pretzelmania, Inc., issues 7%, 15-year bonds with a face amount of $70,000 for $63,948 on January 1, 2021. The market interest rate for bonds of similar risk and maturity is 8%. 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 and final...
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...
Pretzelmania, Inc., issues 7%, 15-year bonds with a face amount of $51,000 for $46,591 on January 1, 2021. The market interest rate for bonds of similar risk and maturity is 8%. 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 intermed iate...
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...
Check m Pretzelmania, Inc., issues 6%, 10-year bonds with a face amount of $66,000 for $61,310 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. 2.5 points 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....
2. Record the first interest payment. Pretzelmania, Inc., issues 6%, 10-year bonds with a face amount of $58,000 for $62,521 on January 1, 2021. The market interest rate for bonds of similar risk and maturity is 5%. Interest is paid semiannually on June 30 and December 31. 2.5 points 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...
Pretzelmania, Inc., Issues 5%, 10 year bonds with a face amount of $56.000 for $56,000 on January 1, 2021 The market interest rate for bonds of similar risk and maturity is 5% Interest is paid semiannually on June 30 and December 31 Required: 1.8 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.) View fractionat Journal entry...
Pretzelmania, Inc., issues 5%, 10-year bonds with a face amount of $68,000 for $68,000 on January 1, 2021. The market interest rate for bonds of similar risk and maturity is 5%. 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.) View transaction list Journal...
Pretzelmanla, Inc, Issues 6%, 10-year bonds with a face amount of $60,000 for $55,736 on January 1, 2021. The market Interest rate for bonds of similar risk and maturity Is 7% Interest Is paid semlannually 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 transactlon/event select "No Journal Entry Required" in the first account field. Round your intermedlate computatlons...
A company issues 9%, 10-year bonds with a face amount of $60,000 for $56,262 on January 1, 2021. The market interest rate for bonds of similar risk and maturity is 10%. 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.) View transaction list Journal...