If bond interest expense is $830,000, bond interest payable increased by $9,000 and bond discount decreased...
If bond interest expense is $830,000, bond interest payable increased by $9,000 and bond discount decreased by $2,100, cash paid for bond interest is:
Homework Answers
Cash paid for bond interest = interest expense - increase in bond interest payable - decrease in bond discount
= 830000 - 9000 - 2100
= $818,900
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If bond interest expense is $830,000, bond interest payable
increased by $9,000 and bond discount decreased...
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I don't understand how they got the bond interest expense, premium on bond payable, and discount...
I don't understand how they got the bond interest expense,
premium on bond payable, and discount on bond payable. Please
explain the computations involved. Thanks
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Interest expense for the current year is $290,000. Interest payable increased $53,000 during the year. Interest receivable increased $12,000 during the year. Interest expense includes $47,000 for the amortization of discount. What is the cash paid for interest? O A. S202,000 O B. $243,000 O C. $190,000 OD. $290,000
Interest expense for the current year is $290,000. Interest payable increased $53,000 during the year. Interest receivable increased $12,000 during the year. Interest expense includes $47,000 for the amortization of discount. What is the cash paid for interest? O A. $202,000 O B. $243,000 O C. $190,000 OD. $290.000 Click to select your answer. ?
I don't understand how they got the bond interest expense,
premium on bond payable, and discount on bond payable. Please
explain the computations involved. Thanks
Assumptions: a) interest and amortization are done by the straight-line method; b) interest is paid semiannually on June 30 and December 31. Journalize the following transactions. Post #1 only to the appropriate T accounts. 1 Dominic Company issues $5 million, 5-year, 9% bonds at 103. 1 / 1 از ددد, 155 Cash issued bonds س...
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payable Dec. 31. Paid the semiannual interest on the bonds. The bond discount amortization of $12,265 is combined with the semiannual interest payment amortization of discount have been recorded. (Record the redemption only.) Required: to the MacBook Pro We were unable to transcribe this imageJune 30 expense in (a) Year 1 and (b) Year 2.
Help please on interest expense and discount on bonds
payable
Instructions On July 1, 20Y1, Danzer Industries Inc. issued $40,000,000 of 10-year, 7% bonds at a market (effective) interest rate of 8%, receiving cash of $37,282,062. Interest on the bonds is payable semiannually on December 31 and June 30. The fiscal year of the company is the calendar year. Required: 1. Journalize the entry to record the amount of cash proceeds from the issuance of the bonds. 2. Journalize the...
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