Five thousand bonds with a face value of $2000 each, are sold at 89. The entry to record the issuance is

Q: Langdon & Co. issues bonds with a face value of $50,000 for $51,000. Each $1,000 bond carries 10…

A: Value assigned to bonds = (Market value of Bonds without warrant /Market value of Bonds Without…

Q: Warm Runnings Inc. issued ₱400,000 bonds with a nominal interest rate of 4% when the market rate was…

A: The bonds are issued at discount when market rate is higher than the coupon rate of bonds.

Q: Five thousand bonds with a face value of $2000 each, are sold at 106. The entry to record the…

A: When bonds are issued at premium  the difference  between  face value and issue proceeds  is…

Q: Medhurst Corporation issued $92,700 in bonds for $90,000. The bonds had a stated rate of 10% and pay…

A: Premium (Discount) on bonds issue = Selling price of the bonds - Face value of bonds = $90,000 -…

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: Federer Corporation issued $540,000 in bonds for $498,600. The bonds had a stated rate of 12% and…

A: Introduction: Journals: Recording of a business transactions in a chronological order. First step in…

Q: A company issues bonds with a face value of $5,000,000 and receives cash proceeds of $5,500,000 from…

A: Journal entries are prepared to record the financial and non financial transactions of the business…

Q: John issued $5 million of 10% bonds. At the time John issued the bonds, market rate of interest was…

A: A bond is the fixed income instrument that is issued by the company to raise finance. Generally,…

Q: Issues bonds with a face value of $50,000 for $51,000. Each $1,000 bond Carries 10 warrants, and…

A:

Q: Medhurst Corporation issued $86,000 in bonds for $83,400. The bonds had a stated rate of 8% and pay…

A: Interest expense is a non-operating expense shown on the income statement. It represents interest…

Q: On January 1, 2021, Bank Nizwa. issued RO 90,000, five-year, 12% bonds at (100% of face value). The…

A: At the time of issue of the bond, interest is not recorded. It is recorded when the amount becomes…

Q: On January 1, Parson Freight Company issues 8.5%, 10-year bonds with a par value of $2,300,000. The…

A: The correct option will be Debit Cash $ 2,143,712; Debit Discount on issue of Bonds Payable $…

Q: Make a journal entry to record the issuance of a bond with a face amount of $1,000,000 sold at 98.

A: Bonds are considered a financial instrument used to raise finance for the organization. It is also…

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 the first day of the fiscal year, a company issues a $920,000, 7%, five-year bond that pays…

A: When the bonds will issue we receive cash , and we have to pay interest through out its duration…

Q: Determine the net amount of cash received from the bond issuance , In each case On October 1. 2021.…

A: Bonds payable is a form of liability for the business. When bonds are issued along with accrued…

Q: The Colson Company issued $300 000 of 10% bonds on January 1. 2017 The bonds are due January 1,…

A: Introduction: Journals: Recording of a business transactions in a chronological order. First step in…

Q: On May 1, 20xl Ben Corp. issue $110,000 of 8-year term bonds which were dated May 1, 20xl. The bonds…

A: “Since you have posted a question with multiple sub-parts, we will solve first three sub-parts for…

Q: SM Corporation issued a 5-year 9.5% P1,000,000 face value bonds to YG Corporation in an 8.16% market…

A: Here asked for the bond valuation and its calculation to make the effective bond valuation related…

Q: Waldron Inc. issued $400,000 bonds with a stated rate of 7% when the market rate was 5%. They are…

A:

Q: On January 1, Parson Freight Company issues 9.0 %, 10-year bonds with a par value of $3,900,000. The…

A: Bonds payable are one of the sources of finance and are shown as liability. If the interest rate is…

Q: Investco issued $30,000 of 6.25% bonds on January 1 at a discount of $2,107. Interest expense…

A: The book value of the bond is calculated by subtracting the unamortized discount from the face value…

Q: Lidl Company issues 8%. 10-year bonds with a par value of BD100,000 that pay interest semiannually.…

A: Interest Expense is a financial charge payable by the issuer of fixed income securities or by the…

Q: ive thousand bonds with a face value of $2000 each, are sold at 93. The entry to record the issuance…

A: Bonds are considered a financial instrument used to raise finance for the organization. It is also…

Q: Sassy’s trial balance shows $200,000 face value of bonds with a discount balance of $2,000. The…

A: Bonds Payable: Bonds payable are referred to long-term debts of the business, issued to various…

Q: Medhurst Corporation issued $82,900 in bonds for $80,000. The bonds had a stated rate of 6% and pay…

A: Bonds are issued by the company to meet the financial requirements of the company without losing its…

Q: Sassy’s trial balance shows $200,000 face value of bonds with a discount balance of $2,000. The…

A: SassyBalance sheet (Partial) Long-term liabilities:     Bonds payable $200,000…

Q: On Jan. 1, Year 1, Foxcroft Inc. issued 100 bonds with a face value of $1,000 each for $104,000. The…

A: Journal entries are passed following the golden rules of accounting  Debit all assets and expenses…

Q: Alan Smith Antiques issued its 7%, 20-year bonds payable at a price of $846,720 (face value is…

A: Straight line amortization is a method used for charging cost of intangible asset in respect to…

Q: Eddie Industries issues $834,000 of 8% bonds at 105, The amount of cash received from the sale is a.…

A:

Q: What is the entry to record the first semiannual interest payment, and the amortization of the bond…

A: Journal entry: Journal entry is a set of economic events which can be measured in monetary terms.…

Q: If $1,000,000 of 8% bonds are issued at 102.5, the amount of cash received from the sale is

A: Cash Received from the sale of Bond : The total cash received from the sale of bond to the company…

Q: Bonds with a face value of $1,000 were issued for $1,080. Which ONE of the following would be…

A: As posted multiple independent questions we are answering only first question kindly repost the…

Q: Cullumber Company issued $400,000 of 5-year, 5% bonds at 95 on January 1, 2022. The bonds pay…

A: Cash received = Number of bonds×Issue Price=$400,000$100×$101=$404,000

Q: Five thousand bonds with a face value of $1000 each, are sold at 105. The entry to record the…

A: The par value of Bonds is $1000. But the bonds are issued at a 5% premium. Therefore, Par value of…

Q: On June 30, 2024, LN Bean issued $25 million of its 8% bonds for $23 million. The bonds were priced…

A: Interest expense is the amount of charge which is paid by the person who uses the funds. In this…

Q: On January 1, a company issued and sold a $400,000, 7%, 10-year bond payable, and received proceeds…

A: Interest expense = Interest on Bonds + Discount on bonds payable amortized = ($400,000 x 7% x 6/12)…

Q: Ward Corporation issues 5,000, 10-year, 8%, $1,000 bonds dated January 1, 2013, at 104. The journal…

A: Bonds: Bonds are long-term promissory notes that are issued by a company while borrowing money from…

Q: On Jan. 1, Year 1, Foxcroft Inc. issued 90 bonds with a face value of $1,060 for $99,400. The bonds…

A: Solution: journal entry to record the first payment to the bondholders is as  under:

Q: Five thousand bonds with a face value of $2000 each, are sold at 112. The entry to record the…

A: Bonds are a form of loan taken by the company, on which business has to pay regular interests. When…

Q: Blue Spruce Corp. issues $310,000 of bonds for $325,500.     Prepare the journal entry to record the…

A: Bonds issue price = $325,500 Bonds face value = $310,000 Premium on bonds issue = Bonds issue price…

Q: Five thousand bonds with a face value of $1000 each, are sold at 107. The entry to record the…

A: In this numerical has covered the concept of Bonds Payable.

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: 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…

Q: On January 1, Applied Technologies Corporation (ATC) issued $500,000 in bonds that mature in10…

A: Journal entries refer to recording/ classifying business transactions into the book of accounts…

Q: Five thousand bonds with a face value of $1000 each, are sold at 102. The entry to record the…

A: Journal entries are the entries to be recorded for all the business occurred in the accounting books…