Issuing Bónds at a Premium On the first day of the fiscal year, a company issues a $5,300,000, 8%, five-year bond that pays semiannual interest of $212,000 ($5,300,000 x 8% x receiving cash of $5,520,390. Journalize the bond issuance. If an amount box does not require an entry, leave it blank. Cash 5,520,390 Premium on Bonds Payable Bonds Payable 212,000

Q: Bond Discount, Entries for Bonds Payable Transactions On July 1, 20Y1, Livingston Corporation, a…

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

Q: Issuing Bonds at a Discount On the first day of the fiscal year, a company issues a $7,800,000, 8%,…

A: Discount = Face value - Cash Discount = $7,800,000 - $6,791,633 Discount = $1,008,367

Q: On the first day of the fiscal year, a company issues a $1,000,000, 7%, 5-year bond that pays…

A: When an event occurs in the business and it can be measured and expressed in terms of money, it…

Q: On the first day of the fiscal year, a company issues a $1,000,000, 7%, five-year bond that pays…

A: Bonds   Bond is a long-term financial instrument issued by a company for which the company pays…

Q: On the first day of the fiscal year, a company issues a $1,400,000, 10%, 7-year bond that pays…

A: Bond Premium is amortized can be amortized through Straight line method and Effective interest rate…

Q: On the first day of the fiscal year, a company issues a $500,000, 8%, 10-year bond that pays…

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

Q: Issuing Bonds at a Discount On the first day of the fiscal year, a company issues a $8,800,000, 6%,…

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

Q: Instructions On the first day of the fiscal year, a company issues a $1,350,000, 11% , five-year…

A: Interest expense is the expense incurred by the company on the borrowed amount.

Q: Instructions On the first day of the fiscal year, a company issues a $3,500,000, 6%, five-year bond…

A: Solution A journal is a company's official book in which all business transaction are recorded in…

Q: On the first day of the fiscal year, a company issues an $4,900,000, 6%, 4-year bond that pays…

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

Q: On the first day of the fiscal year, a company issues a $5,100,000, 12%, 6-year bond that pays…

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

Q: Issuing Bonds at a Discount On the first day of the fiscal year, a company issues a $4,500,000,…

A: Bonds: To raise the funds and finance the operations of the company, money is borrowed from the…

Q: On the first day of the fiscal year, a company issues a $5,300,000, 8%, five-year bond that pays…

A: Interest expense = Cash interest paid - premium amortized semi annually

Q: Issuing Bonds at Face Amount On January 1, the first day of the fiscal year, Designer Fabric Inc.…

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

Q: On the first day of the fiscal year, a company issues an $4,700,000, 10%, 9-year bond that pays…

A: Premium on bonds payable = Issue price - Face value of bonds

Q: On the first day of the fiscal year, a company issues a $8,000,000, 9%, 10-year bond that pays…

A: Bonds are kinds of loan with regular interest payment and mature after certain period  of times.

Q: for the bonds by using the end of the text. Round to the nearest dollar. Bond premium, entries for…

A: We’ll answer the first question since the exact one wasn’t specified. Please submit a new question…

Q: Issuing Bonds at a Face Amount On January 1, the first day of the fiscal year, a company issues a…

A: Journal entries is recording the of the transaction in the accounting journal in a chronological…

Q: Bond Discount, Entries for Bonds Payable Transactions On July 1, 20Y1, Livingston Corporation, a…

A: As posted multiple sub parts we are answering only first three sub parts kindly repost the…

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: On the first day of the fiscal year, a company issues a $4,600,000, 10%, 8-year bond that pays…

A: Premium on bonds payable = Issue price - face value of bonds = 5434494-4600000 = $834,494

Q: The Hayden Corporation issues 1,000, 10-year, 8%, $2,000 bonds dated January 1 at 92. The journal…

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

Q: On January 1, the first day of the fiscal year, a company issues an $8,600,000, 11%, five-year bond…

A: I am answering the first question out of multiple questions submitted by the student as per bartleby…

Q: Issuing Bonds at a Discount On January 1, the first day of the fiscal year, a company issues a…

A: Journal entry is a process of recording business transactions in the books of accounts for the first…

Q: Issuing Bonds at a Discount On the first day of the fiscal year, a company issues a $4,700,000, 6%,…

A: Journal entry to record the issuance of bonds: Date Account Titles Debit ($) Credit ($) xxx…

Q: On January 1, the first day of the fiscal year, a company issues a $250,000, 10%, 10-year bond that…

A: SOLUTION- BOND-  A Bond is a fixed income instrument  that represent a loan  made by the investor to…

Q: Issuing Bonds at a Discount On the first day of the fiscal year, a company issues a.$4,200,000, 10%,…

A: Bonds are issued by the companies to get the financial resources for working. It is a cheaper source…

Q: Smiley Corporation wholesales repair products to equipment manufacturers. On April 1, 20Y1, Smiley…

A: Solution to a. & b. are as follows:

Q: Bond Discount, Entries for Bonds Payable Transactions On July 1, 20Y1, Livingston Corporation, a…

A: Discount on bond payable = 46,000,000 - $42,309,236                                              =…

Q: On January 1, the first day of the fiscal year, a company issues a $550,000, 8%, 10-year bond that…

A: Bonds are instrument issued by company acknowledging the debt raised by company . It is a liability…

Q: Smiley Corporation wholesales repair products to equipment manufacturers. On April 1, 20Y1, Smiley…

A: Solution a: Journal Entries - Smiley Corporation Date Particulars Debit Credit 1-Apr-20Y1…

Q: On the first day of the fiscal year, a company issues a $4,500,000, 10%, 9-year bond that pays…

A: Here in this question, we are required make entry for bond issued at discount. Bond is knowing to be…

Q: Issuing bonds at a discountOn the first day of the fiscal year, a company issues a $3,500,000, 6%…

A: Premium (discount) on bonds issue =   Issue value - face value of bonds = $3,350,000 - $3,500,000 =…

Q: On the first day of the fiscal year, a company issues a $6,800,000, 8%, 10-year bond that pays…

A: Bonds are the instruments that are being issued for the purpose of raising finance. These are the…

Q: ssuing Bonds at a Discount On the first day of the fiscal year, a company issues a $8,700,000, 9%,…

A:

Q: On July 1, 20Y1, Livingston Corporation, a wholesaler of manufacturing equipment, issued $2,500,000…

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

Q: Journalize the bond issuance. If an amount box does not require an entry,

A: Pass necessary journal.

Q: Issuing Bonds at a Discount On the first day of the fiscal year, a company issues a $8,800,000, 11%,…

A: A journal entry is used to record day-to-day transactions of the business by debiting and crediting…

Q: Issuing Bonds at a Premium On the first day of the fiscal year, a company issues a $8,700,000, 7%,…

A: Bonds are issued at premium when the issue price of the bond is more than the face value of the…

Q: Bond Discount, Entries for Bonds Payable Transactions On July 1, 20Y1, Livingston Corporation, a…

A: Given information Contract rate = 10% Market interest rate = 11% Bond is issued at discount Bond…

Q: Instructions On the first day of the fiscal year, a company issues a $1,450,000, 5% , five-year bond…

A: Bonds are issued by the company for raising finance. It can be issued at a discount or at a premium.

Q: On the first day of the fiscal year, a company issues a $1,600,000, 6%, 6-year bond that pays…

A: SOLUTION PREMIUM ON BONDS- WHEN BONDS PAYABLE ARE ISSUED FOR AN AMOUNT GREATER THAN THEIR FACE  AND…

Q: Issuing Bonds at Face Amount On January 1, the first day of the fiscal year, Designer Fabric Inc.…

A: Journal Entry is Record of a transaction in accounting system of Company

Q: Instructions On the first day of the fiscal year, a company issues a $2,750,000, 8%, five-year bond…

A: Bonds payable is one of the liability of the business, on which regular interest payments needs to…

Q: On the first day of the fiscal year, a company issues a $1,900,000, 10%, 9-year bond that pays…

A: A bond is referred to as a financial instrument that a company issues to meet its financial…

Q: Issuing Bonds at a Premium On January 1, the first day of the fiscal year, a company issues an…

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

Q: Bond Discount, Entries for Bonds Payable Transactions On July 1, 20Y1, Livingston Corporation, a…

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

Q: Issuing Bonds at Face Amount On January 1, the first day of the fiscal year, Designer Fabric Inc.…

A: Interest expense  for 6 months = 3000000×8%×1/2 = $120,000

Q: Issuing Bonds at a Premium On the first day of the fiscal year, a company issues an $4,900,000, 6%,…

A: Premium on bonds payable = Cash received - bonds face value             = 5,258,948 - 4,900,000…