*213., Neufeld Company issued $2,000,000 of 6%, 5-year bonds at 98, which pay interest grew annually....
Blossom Company issued $2960000 of 6%, 5-year bonds at 97, which pay interest annually. Assuming straight-line amortization, what is the carrying value of the bonds after one year?
Carla Vista Co. issued $1090000 of 8%, 5-year bonds at 107, which pay interest annually. Assuming straight-line amortization, what is the carrying value of the bonds after one year? O $1158670 O $1173930 $1166300 $1151040
On January 1, $2,000,000, 5-year, 10% bonds, were issued for $1,960,000. Interest is paid semiannually on January 1 and July 1. If the issuing corporation uses the straight-line method to amortize discount on bonds payable, the semiannual amortization amount is $2,000 $8,000 $10,000 $4,000
Wildhorse Co. issued $780000 of 8%, 5-year bonds at 109, which pay interest annually. Assuming straight-line amortization, what is the total interest cost of the bonds? $171600 $312000 $382200 $241800
On January 1, $2,000,000, 5-year, 10% bonds, were issued for $1,960,000. Interest is paid semiannually on January 1 and July 1. If the issuing corporation uses the straight-line method to amortize discount on bonds payable, the semiannual amortization amount is $4,000 $10,000 $8,000 $2,000 The entry to record the amortization of a premium on bonds payable on an interest payment date would a debit to Premium on Bonds Payable and a credit to Interest Revenue a debit to Interest Expense...
DajendJK Company issued bonds $267,000 of 5 year, 6 percent bonds on January 1, 2018, at 102. Interest is payable in cash annually on December 31. The straight-line method is used for amortization. What is the interest payment DajendJK will pay each year? $_______
Multiple Choice Question 215 Sandhill Co. issued $750000 of 8%, 5-year bonds at 104, which pay interest annually. Assuming straight-line amortization, what is the total interest cost of the bonds? O $270000 O $300000o O $240000 O $330000 Question Attempts: 0 of 1 used SAVE FOR LATER SUBMIT ANSWER SUBMIT ANSWER
Hillside issues $2,000,000 of 6%, 15-year bonds dated January 1, 2019, that pay interest semiannually on June 30 and December 31. The bonds are issued at a price of $1,728,224. Required: 1. Prepare the January 1 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 table...
Glover Corp issued 2,000,000 of 8% 5 year bonds dated March 2nd, 2018 and received cash of 1940000. Semi annual interest payments occur twice a year. The year end is Dec 1st. Were the bonds issued at a premium, discount or face value? Was the market rate of interest higher, lower, or the same as the contract rate of interest? If the company uses the straight line method what si the amount of interest expense they will pay at the...
On January 1, 2017, $5600000, 5-year, 10% bonds, were issued for $5936000. Interest is paid annually on January 1. If the issuing corporation uses the straight-line method to amortize premium on bonds payable, the monthly amortization amount is: 5600 6720 49465 67200