on January 1, 2019, booth sales issued $10,000 in bonds for $10,900. these are 5-year bonds...
on January 1, 2019, booth sales issued $10,000 in bonds for $10,900. these are 5-year bonds with a stated rate of 4%, and pay semiannual interest. booth sales uses the straight-line method to amortize bond premium.
A) prepare the journal entry for the issuance of the bonds on January 1, 2019
B) prepare the journal entry for the first interest payment on June 30, 2019.
Homework Answers
01/01/2019.
Cash 10,900
To bond payable. 10000
To premium on issue of bonds. 900
Being bond issued at premium
30/06/2019
Interest in bond A/c (10000*4%)/2 200
To cash 200
Being interest on bond paid in cash
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on January 1, 2019, booth sales issued $10,000 in bonds for
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3) On January 1, 2019, Booth Sales issues $10,000 in bonds for $10.900. These are 5-year...
3) On January 1, 2019, Booth Sales issues $10,000 in bonds for $10.900. These are 5-year bonds with a stated rate of 4%, and pay semiannual interest. Booth Sales uses the straight-line method to amortize bond premium 10 points A) Prepare the journal entry for the issuance of the bonds on January 1, 2019 B) Prepare the journal entry for the first interest payment on June 30, 2019.
3) On January 1, 2019, Booth Sales issues $30,000 in bonds for $32,000. These are 5-year...
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On January 1, 2015, Carter Sales issued $15,000 in bonds for $15,800. They were 8-year bonds...
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3) On January 1, 2019, Booth Sales issues $30,000 in bonds for $32,000. These are 5-year bonds with a stated rate of 4%, and pay semiannual interest. Booth Sales uses the straight-line method to amortize bond premium. 10 points A) Prepare the journal entry for the issuance of the bonds on January 1, 2019 B) Prepare the journal entry for the first interest payment on June 30, 2019.
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On January 1, 2018, Westside Sales issued $19,000 in bonds for $20,800. These are eight-year bonds with a stated interest rate of 9% that pay semiannual interest. Westside Sales uses the straight – line method to amortize the bond premium. After the first interest payment on June 30, 2018, what is the bond carrying amount? (Round your intermediate answers to the nearest dollar.) O A. $19,113 O B. $20,800 O C. $20,687 OD. $19,000
On January 1, 2015, Carter Sales issued $15,000 in bonds for
$15,800. They were 8-year bonds with a stated rate of 9%, and pay
semiannual interest. Carter Sales uses the straight-line method to
amortize the Bond Premium. Immediately after the issue of the
bonds, the ledger balances appeared as follows:
After the first interest payment on June 30, 2015, what will be the
balance in the Premium Account?
debit of $900
credit of $625
credit of $750
debit of $50
please provide the journa entries with the credited and
debited section.
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