E-Tech Initiatives Limited plans to issue $650,000, 10-year, 7.00 percent bonds. Interest is payable annually on December 31. All of the bonds will be issued on January 1, 2019. Show how the bonds would be reported on the January 2, 2019, balance sheet if they are issued at 105.   How would I create a partial balance sheet with the carrying vaule for the problem above?

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A: please like the answer your response matters  Long term Liabilities:   Bonds Payable $450,000…

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A: 1. Explain the amount of the premium on these bonds at issuance.

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A: Entry to record the issuance of bonds payable.

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A:

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A: Accrued interest payable = Face value × coupon rate

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A:

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A: Prepare journal entries as follows: Result:

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A: Amortization of bond: The process of allocation and reduction of the discount or premium on bonds to…

Q: On January 1, 2021, Splash City issues $500,000 of 9% bonds, due in 20 years, with interest payable…

A: Amortization schedule of loan: It can be defined as a table that shows the expense of interest,…

Q: On January 1, 2021, Splash City issues $500,000 of 9% bonds, due in 20 years, with interest payable…

A: Given information is: On January 1, 2021, Splash City issues $500,000 of 9% bonds, due in 20 years,…

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A: The calculation is under step 2.

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A: 1) Workings for the above calculations:

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A: Solution-1 Cash Flow at the time of maturity = $570000 Interest (Annuity) semiannually =…

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A:

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