1,000,000 of 8% bonds are issued at 102 3/4, the amount of cash receive
Q: If $917,000 of 11% bonds are issued at 102 1/2, The amount of cash received from the sale is:
A: Given that bonds are issued at 102 1/2 11% bonds = $ 917000
Q: If $945,000 of 10% bonds are issued at 102 3/4, the amount of cash received from the sale is 4 Oa.…
A: The bonds' face value is $100 per bond. Bonds are issued at a premium of $2.75 at a total issue…
Q: On the first day of the current fiscal year, $200,000 of 5-year, 10% bonds, with interest payable…
A: Discount on Bonds payable = Face value of bonds - issue price of bonds = $200,000 - $192,462 =…
Q: Bonds Payable has a balance of $952,000 and Premium on Bonds Payable has a balance of $10,472. If…
A: Redemption value of Bonds = $952,000 * 102% Redemption value of Bonds = $971,040 Premium on Bonds…
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A: Concept : Current assets Current assets means the assets which are…
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A: Bonds are the liability for the company on which a specific interest has to be paid overtime. It is…
Q: A company received cash proceeds of $206,948 on a bond issue with a par value of $200,000. The…
A: Cash proceeds = $206,948 Par value = $200,000 Premium = 206,948-200,000 = $6,948
Q: The Hayden Corporation issues 1,000, 10-year, 8%, $2,000 bonds dated January 1 at 92. The journal…
A: Journal: Recording of a business transaction in a chronological order.
Q: If $522,000 of 8% bonds are issued at 94, the amount of cash received from the sale is:
A: Bonds price is indicated as a percentage of par value and par value is assumed at 100. So price…
Q: On April 1, year 1, Opera Corporation issues P60 million of 12%, 10-year bonds payable at par.…
A: One of the sources used by the business entities to raise their share capital is the issue of debt…
Q: The Kaplan Group sold $200,000 of 10-year bonds for $190,000. The face rate on the bonds was 8% and…
A: Interest paid on December 31 = Face value of bonds x rate of interest x no. of years = $200000 x 8%…
Q: If $949,000 of 8% bonds are issued at 102 3/4, the amount of cash received from the sale is…
A: Bonds: Which are issued by corporates and governments. Bonds pay fixed rate of interest.
Q: On July 1, 20x7, Morning Co. received P103,288 for ₱100,000 face amount, 12% bonds, a price that…
A: On 01.07.20x7, Morning Co. received 12% bonds = P103288 Face amount of bonds = P100000 Yield rate =…
Q: Brazzle Inc. issued $ 200,000 face value bonds at a discount and received $ 185,000 . At the end of…
A: Net liability at year end = face value of bonds - Discount on Bonds Payable
Q: On July 1, 2022, Mercurial Company issued at 98 plus accrued interest 2,500 of its 11%, P1,000 face…
A: Solution : Given Face value of bond =P1000 Issue price =98%…
Q: If Intervale Railway invests $100,000 in 5% bonds at face value that the company intends to hold…
A: Given is: Intervale Railway invests $100,000 in 5% bonds at face value that the company intends to…
Q: If $1,140,000 of 12% bonds are issued at 102 3/4, the amount of cash received from the sale is…
A:
Q: Liab. + Equity Rev. − Exp. = Net Inc. A. NA = NA
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A: Bonds payable is a form of liability for the business. When bonds are issued along with accrued…
Q: If bond interest expense is $800,000, bond interest payable increased by $8,000 and bond discount…
A: Solution: Cash paid for bond interest = Bond interest expense - Increase in bond payable - Decrease…
Q: On January 1, 20x1, Sina Co. acquired 10%, ₱4,000,000 bonds for ₱3,807,853. The principal is due on…
A:
Q: A company paid $33,800 to acquire 11% bonds with a $36,000 maturity value. The company intends to…
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Q: If $317,000 of 10% bonds are issued at 96, the amount of cash received from the sale is a.$285,300…
A: Bond is an instrument which helps the entity in getting money from public or from some other private…
Q: _____ If $150,000 face value bonds are issued at 104, the proceeds received will be $104,000
A: Bonds: These are the financial instruments issued by the company to raise debt from the open market.
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A: Bonds are considered a financial instrument used to raise finance for the organization. It is also…
Q: If $4,000,000 of 12% bonds are issued at 103 1/4, the amount of cash received from the sale is:
A: Number of bonds=Par value of bondsPer share value=$4,000,000$100=40,000
Q: On January 1, 20x1, Silent Co. issued 1,000 bonds with face amount of P4,000 each for a total of…
A: Interest expense for 20x1 = ( issue value of bonds - transaction costs )x effective interest rate…
Q: If $1,000,000 of 10% bonds are issued at 98, the amount of cash received from the sale is: Oa.…
A: Bond refers to a promise that the borrower will pay the lender the amount of face value along with…
Q: On November 1, 20x4, VICO Corp. issued P800,000 of its 10-year, 8% term bonds dated October 1, 20x4.…
A: Annual Interest=Issue price×Stated rate=P 800,000×8%=P 64,000
Q: If $381,000 of 9% bonds are issued at 97, the amount of cash received from the sale is a.$381,000…
A: Bonds: Bonds are long-term promissory notes that are issued by a company while borrowing money from…
Q: The total interest paid on $46,000, ten-year, 6 percent bonds that are issued at 98 is a. $28,520.…
A: Total interest paid = Interest paid + Discount on bonds where, Discount on bonds = Face value of…
Q: If $639,000 of 10% bonds are issued at 95, the amount of cash received from the sale is
A: A bond is an instrument of indebtedness to the holders which can be of municipal bonds and corporate…
Q: On July 1, 20Y1, Danzer Industries Inc. issued $40,000,000 of 10-year, 7% bonds at a market…
A: Interest expense = Issue price * Market rate * Time
Q: If $1,051,000 of 12% bonds are issued at 102 1/2, The amount of cash received from the sale is:
A: Amount of Cash Received = Face value of Bond*Bond Quote/100
Q: Lexy Company issued P 10,000,000 of 10-year, 9% bonds on March 1, 2020 at 97 plus accrued interest.…
A: Given that, Lexy Company issued P 1,00,00,000 face value of bonds @ 97 each Plus accrued interest.…
Q: A $300,000 bond was redeemed at 104 when the carrying amount of the bond was $316,000. The entry to…
A: Total amount paid for bond redemption = $300,000×104% =$312,000
Q: Randolph Company issued $1,000,000 of 6.5%, 8-year bonds dated June 1, 20X3, with semiannual…
A: 1. Bond is issued at premium when issue price of bond is higher than par/face value of bond. As per…
Q: Bonds Payable has a balance of $1,091,000 and Discount on Bonds Payable has a balance of $13,092. If…
A: Step 1: Calculate the carrying amount of bonds payable on the redemption rate.
Q: compute the cash proceeds from bond issues under the following terms. for each case, indicate…
A: a. Compute cash proceeds from Pear Inc. issued bonds as shown below:
Q: On April 1, 2006, Naruto Company issued at 99 plus accrued interest, 2,000 of its 8% P1,000 face…
A: A BOND IS A DEBT SECURITY WHICH BORROWERS ISSUE BONDS TO RAISE MONEY FROM INVESTORS WILLING TO LEND…
Q: On July 1, 2020, Carol Company issued at 104, five thousand 10% bonds with face amount of P1,000 per…
A: In this question, we have been asked to calculate the carrying value of the bonds, for which we are…
Q: The Square Foot Grill, Inc. issued $230,000 of 10-year, 9 percent bonds on January 1, Year 2, at…
A: Note: Since we only answer up to 3 sub-parts, we’ll answer the first 3. Please resubmit the question…
Q: Bonds Payable has a balance of $5,000,000, and Discount on Bonds Payable has a balance of $150,000.…
A: Calculate gain or loss on the redemption of the bonds payable.
Q: On April 1, 2020, Greg Company issued, at 99. plus accrued interest, 4,000 8% bonds with face amount…
A: Given: No. of 8% bonds issued=4000Face value of bonds =P1000Bonds issued at =99 plus accrued…
Q: a).Prepare the journal entry to record the sale of these bonds on January 1, 2010.…
A: Face Value of bond = $1,000 Coupon rate = 8% x 6 ÷12 = 4% per period (semiannual) Term = 5 years x 2…
Q: If Intervale Railway invests $100,000 in 5% bonds at face value that the company intends to hold…
A: Held-to-maturity Debt investments: Held-to-maturity debt investments are the investments in debt…
Q: Compute the cash proceeds from bond issues under the following terms. For each case, indicate…
A: Solution: Computation of cash proceeds from bond and same is issued on discount or premium is as…
Q: Five thousand bonds with a face value of $1000 each, are sold at 105. The entry to record the…
A: 5000 bonds having face value of $1000 issued at 105 which means that bonds are issued at 105% of…
If $1,000,000 of 8% bonds are issued at 102 3/4, the amount of cash received from the sale is
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- On July 1, a company sells 8-year $250,000 bonds with a stated interest rate of 6%. If interest payments are paid annually, each interest payment will be ________. A. $120,000 B. $60,000 C. $7,500 D. $15,000Irving Inc. sold bonds with a $50,000, 10% interest, and 10-year term at $52,000. What is the total amount of interest expense over the life of the bonds?A company issued $100,000, 5-year bonds, receiving $97,000. What is the balance sheet presentation immediately after the sale?
- Starmount Inc. sold bonds with a $50,000 face value, 12% interest, and 10-year term at $48,000. What is the total amount of interest expense over the life of the bonds?On January 1, a company issued a 5-year $100,000 bond at 6%. Interest payments on the bond of $6,000 are to be made annually. If the company received proceeds of $112,300, how would the bonds issuance be quoted? A. 1.123 B. 112.30 C. 0.890 D. 89.05Willoughby Inc. issued 100 bonds with a face value of $1,000 and a stated rate of 4% and received $105,000. What is the journal entry to record the sale of the bonds?
- Huang Inc. issued 100 bonds with a face value of $1,000 and a 5-year term at $960 each. The journal entry to record this transaction includes ________. A. a debit to Bonds Payable for $100,000 B. a debit to Discount on Bonds Payable for $4,000 C. a credit to cash for $96,000 D. a credit to Discount on Bonds Payable for $4,000Allante Corporate issued 50 bonds with a face value of $1,000 and a stated rate of 4% and received $45,000. What is the journal entry to record the sale of the bonds?Eli Inc. issued $100,000 of 8% annual, 5-year bonds for $103,000. What is the total amount of interest expense over the life of the bonds?
- Charleston Inc. issued $200,000 bonds with a stated rate of 10%. The bonds had a 10-year maturity date. Interest is to be paid semi-annually and the market rate of interest is 8%. If the bonds sold at 113.55, what amount was received upon issuance?Whirlie Inc. issued $300,000 face value, 10% paid annually, 10-year bonds for $319,251 when the market of interest was 9%. The company uses the effective-interest method of amortization. At the end of the year, the company will record ________. A. a credit to cash for $28,733 B. a debit to interest expense for $31,267 C. a debit to Discount on Bonds Payable for $1,267 D. a debit to Premium on Bonds Payable for $1.267Keys Inc. issued 100 bonds with a face value of $1,000 and a rate of 8% at $1,025 each. The journal entry to record this transaction includes ________. A. a credit to Bonds Payable for $102,500 B. a credit to cash for $102,500 C. a debit to cash for $100,000 D. a credit to Premium on Bonds Payable for $2,500