On Jan 1, 2016, Alpha Company issued $100,000 of 12%, 10-year bonds. The bonds were issued...
On Jan 1, 2016, Alpha Company issued $100,000 of 12%, 10-year bonds. The bonds were issued at par.
Interest is paid on July 1 and January 1. What would be the credit to Bonds Payable?
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On Jan 1, 2016, Alpha Company issued $100,000 of 12%,
10-year bonds. The bonds were issued...
On April 1, 2016, Alpha Company issued $500,000 of 12%, 10-year bonds. The bonds, which were...
On April 1, 2016, Alpha Company issued $500,000 of 12%, 10-year bonds. The bonds, which were issued at 103, pay interest on Octobér 1 and April 1. Use this information to prepare the General Journal entry (without explanation) to record the April 1, 2016 bond issue. If no entry is required then write "No Entry Required." General Journal: Date Accounts Debit Credit
Question 1 (6 points) On April 1, 2016, Alpha Company issued $500,000 of 12%, 10-year bonds....
Question 1 (6 points) On April 1, 2016, Alpha Company issued $500,000 of 12%, 10-year bonds. The bonds, which were issued at 103, pay interest on October 1 and April 1. Use this information to prepare the General Journal entry (without explanation) to record the April 1, 2016 bond issue. If no entry is required then write "No Entry Required." D DC - Format V BI U - Question 2 (6 points) Saved On June 1, 2016 Alpha Corporation issued...
EA2. LO 13.1 Beluga Inc. issued 10-year bonds with a face value of $100,000 and a...
EA2. LO 13.1 Beluga Inc. issued 10-year bonds with a face value of $100,000 and a stated rate of 3% when the market rate was 4%. Interest was paid annually. The bonds were sold at 87.5. What was the sales price of the bonds? Were they issued at a discount, a premium, or at par? EA3. LO 13.1 Krystian Inc. issued 10-year bonds with a face value of $100,000 and a stated rate of 4% when the market rate was...
On January 31, 2016 Company M issued 10 year, 4% bonds with a face value of...
On January 31, 2016 Company M issued 10 year, 4% bonds with a face value of $100,000. The bonds were issued at 94 and pay interest on January 31 and July 31. Company M amortizes their bonds by the straight-line method. Record (a) issuance of the bonds on January 31, (b) the semi-annual interest payment and discount amortization on July 31, and the interest accrual and discount amortization on December 31.
WS Inc. issued $100,000 of 10% bonds on January 1, 2016. The bonds are due December...
WS Inc. issued $100,000 of 10% bonds on January 1, 2016. The bonds are due December 31, 2017 (2 years) and were issued to yield 10% (market interest rate is 12%). Interest will be paid annually. Calculate the price of the bonds. Using the effective interest rate of amortization, prepare an amortization chart for WS Inc. showing both 2016 and 2017 calculations. Show all applicable journal entries: Issuance of bonds 2016 and 2017 interest payments Retirement of bonds
Atahualpa Corporation issued $100,000 of 10% bonds dated January 1, 2016, for $96,832.72 on January 1,...
Atahualpa Corporation issued $100,000 of 10% bonds dated January 1, 2016, for $96,832.72 on January 1, 2016. The bonds are due December 31, 2019, were issued to yield 11%, and pay interest semiannually on June 30 and December 31. Atahualpa uses the effective interest method of amortization. Journal entries on Dec. 31, 2017 would include: a debit to Interest Expense of $5,382.57 a credit to Discount on Bonds Payable of $362.62 Ο Ο Ο Ο 0 0 a debit to...
On June 1, 2016 Alpha Corporation issued $300,000 of 9%, 5-year bonds. The bonds which were...
On June 1, 2016 Alpha Corporation issued $300,000 of 9%, 5-year bonds. The bonds which were issued at 97, pay interest on January 1 and June 1. Use this information to prepare the General Journal entry (without explanation) to record the June 1, 2016 bond issue. If no entry is required then write "No Entry Required." General Journal: Debit Credit Date Accounts 民月
i More Info 2018 Jan Jul 1 Issued $9,000,000 of 8%, 10-year bonds payable at 97. Interest payment dates are July 1 and...
i More Info 2018 Jan Jul 1 Issued $9,000,000 of 8%, 10-year bonds payable at 97. Interest payment dates are July 1 and January 1. 1 Paid semiannual interest and amortized bond discount by the straight-line method on the 8% bonds payable. 31 Accrued semiannual interest expense and amortized the bond discount by the straight-line method on the 8% bonds payable. Dec 1 Paid semiannual interest. 2019 Jan 2028 Jan 1 Paid the 8% bonds at maturity. Print Done Requirement...
. Jackson Corporation issued $250,000 of 10-year, 8% bonds at par on January 1, 2000. Interest is...
. Jackson Corporation issued $250,000 of 10-year, 8% bonds at par on January 1, 2000. Interest is payable on January 1 and July 1. Record the following transactions in the journal below Transactions for 2000 Jan. 1 Issued $250,000 of 10-year, 8% bonds at par. Jul. 31 Interest payment. Dec. 31 Recorded the accrued interest on the bonds. (Interest will be paid next day, which is in another fiscal year) Transactions for 2010 Jan. 1 Interest payment. Jul. 1 Interest payment. Dec. 31 Record the retirement of...
Alexander Company issued $160,000, 12%, 10-year bonds payable at 96 on January 1, 2018. 6. Journalize...
Alexander Company issued $160,000, 12%, 10-year bonds payable at 96 on January 1, 2018. 6. Journalize the issuance of the bonds payable on January 1, 2018. 7. Journalize the payment of semiannual interest and amortization of the bond discount or premium (using the straight-line amortization method) on July 1, 2018. 8. Assume the bonds payable was instead issued at 110. Journalize the issuance of the bonds payable and the payment of the first semiannual interest and amortization of the bond...
On April 1, 2016, Alpha Company issued $500,000 of 12%, 10-year bonds. The bonds, which were issued at 103, pay interest on Octobér 1 and April 1. Use this information to prepare the General Journal entry (without explanation) to record the April 1, 2016 bond issue. If no entry is required then write "No Entry Required." General Journal: Date Accounts Debit Credit
Question 1 (6 points) On April 1, 2016, Alpha Company issued $500,000 of 12%, 10-year bonds. The bonds, which were issued at 103, pay interest on October 1 and April 1. Use this information to prepare the General Journal entry (without explanation) to record the April 1, 2016 bond issue. If no entry is required then write "No Entry Required." D DC - Format V BI U - Question 2 (6 points) Saved On June 1, 2016 Alpha Corporation issued...
EA2. LO 13.1 Beluga Inc. issued 10-year bonds with a face value of $100,000 and a stated rate of 3% when the market rate was 4%. Interest was paid annually. The bonds were sold at 87.5. What was the sales price of the bonds? Were they issued at a discount, a premium, or at par? EA3. LO 13.1 Krystian Inc. issued 10-year bonds with a face value of $100,000 and a stated rate of 4% when the market rate was...
On January 31, 2016 Company M issued 10 year, 4% bonds with a face value of $100,000. The bonds were issued at 94 and pay interest on January 31 and July 31. Company M amortizes their bonds by the straight-line method. Record (a) issuance of the bonds on January 31, (b) the semi-annual interest payment and discount amortization on July 31, and the interest accrual and discount amortization on December 31.
Atahualpa Corporation issued $100,000 of 10% bonds dated January 1, 2016, for $96,832.72 on January 1, 2016. The bonds are due December 31, 2019, were issued to yield 11%, and pay interest semiannually on June 30 and December 31. Atahualpa uses the effective interest method of amortization. Journal entries on Dec. 31, 2017 would include: a debit to Interest Expense of $5,382.57 a credit to Discount on Bonds Payable of $362.62 Ο Ο Ο Ο 0 0 a debit to...
On June 1, 2016 Alpha Corporation issued $300,000 of 9%, 5-year bonds. The bonds which were issued at 97, pay interest on January 1 and June 1. Use this information to prepare the General Journal entry (without explanation) to record the June 1, 2016 bond issue. If no entry is required then write "No Entry Required." General Journal: Debit Credit Date Accounts 民月
i More Info 2018 Jan Jul 1 Issued $9,000,000 of 8%, 10-year bonds payable at 97. Interest payment dates are July 1 and January 1. 1 Paid semiannual interest and amortized bond discount by the straight-line method on the 8% bonds payable. 31 Accrued semiannual interest expense and amortized the bond discount by the straight-line method on the 8% bonds payable. Dec 1 Paid semiannual interest. 2019 Jan 2028 Jan 1 Paid the 8% bonds at maturity. Print Done Requirement...
Alexander Company issued $160,000, 12%, 10-year bonds payable at 96 on January 1, 2018. 6. Journalize the issuance of the bonds payable on January 1, 2018. 7. Journalize the payment of semiannual interest and amortization of the bond discount or premium (using the straight-line amortization method) on July 1, 2018. 8. Assume the bonds payable was instead issued at 110. Journalize the issuance of the bonds payable and the payment of the first semiannual interest and amortization of the bond...
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