Jackie Marte purchased tve $1000 corporate bonds issued by Starbucks The bonds pey 5.90 percente Intrest and mature in 2026 What is the total dollar amount of Interest Jackie wil receve for her five bonds each year? total annual Intrest
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Jackie Marte purchased tve $1000 corporate bonds issued by Starbucks The bonds pey 5.90 percente Intrest and mature in
2026 What is the total dollar amount of Interest Jackie wil receve for her five bonds each year?
total annual Intrest
Please answer fast please arjent help please ASAP pls answer
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- On October 1 a company sells a 3-year, $2,500,000 bond with an 8% stated interest rate. Interest is paid quarterly and the bond is sold at 89.35. On October 1 the company would collect ________. A. $200,000 B. $558,438 C. $2,233,750 D. $6,701,250REDEMPTION OF BONDS ISSUED AT FACE VALUE Levesque Lumber Co. issued 800,000 in bonds at face value 10 years ago and has paid semiannual interest payments through the years. (a) Assume the bonds are redeemed at face value. (b) Assume that 80,000 of the bonds are redeemed at 104. (c) Assume that 80,000 of the bonds are redeemed at 96. Prepare journal entries to record (a), (b), and (c).Jackie Martin purchased three $1,000 corporate bonds issued by Starbucks. The bonds pay 2.45 percent annual interest and mature in 2026. What is the total dollar amount of interest Jackie will receive for her three bonds each year? (Do not round intermediate calculations. Round your answer to 2 decimal place.)
- Superior Drive ins Ltd borrowed money by issuing $5,500,000 of 6% bonds payable at 93.5 on July 1,2018. The bonds are 10 year bonds and pay interest each January 1 and July 1. Superior received $5,142,5000 when the bonds payable were issued. Journalizing- July 1 Cash. 5142500 (debit) Discounts on bonds payable 357,500 (debit) Bonds payable. 5,500,000(credit) HOW MUCH MUST SUPERIOR PAY BACK AT MATURITY? WHEN IS THE MATURITY DATE?A P1000 000.00 issue of 3%, 15-year bonds is sold at 95%. The miscellaneous initial expense of the financing were P20 000.00 and yearly expenses of P2000.00 is incurred. What is the true cost the company is paying for the money it borrowed? (Ans. 3.8%)January 1, 2021, Marceline the Vampire Queen Co. purchased P1,000,000 10% bonds classified atamortized cost. The bonds were purchased to yield 12%. Interest is payable annually every December 31.The bonds mature on December 31, 2025. On December 31, 2021, the bonds were selling at 99. OnJanuary 2, 2023, Marceline the Vampire Queen Co. sold P500,000 face value bonds at 101. The bondswere selling at 103 on December 31, 2023. Based on the above and the result of your audit, answer thefollowing: Present value of 1 for 3 periods at 12%: 0.635518078 Present value of an annuity of 1 for 10 periods at 12%: 3.037349347 3. How much is the gain/loss on sale on January 2, 2023?
- January 1, 2021, Marceline the Vampire Queen Co. purchased P1,000,000 10% bonds classified atamortized cost. The bonds were purchased to yield 12%. Interest is payable annually every December 31.The bonds mature on December 31, 2025. On December 31, 2021, the bonds were selling at 99. OnJanuary 2, 2023, Marceline the Vampire Queen Co. sold P500,000 face value bonds at 101. The bondswere selling at 103 on December 31, 2023. Based on the above and the result of your audit, answer thefollowing: Present value of 1 for 3 periods at 12%: 0.635518078 Present value of an annuity of 1 for 10 periods at 12%: 3.037349347 3. How much is the gain/loss on sale on January 2, 2023? 4. How much is the interest income on December 31, 2023? 5. How much is the discount amortization on December 31, 2022?January 1, 2021, Marceline the Vampire Queen Co. purchased P1,000,000 10% bonds classified atamortized cost. The bonds were purchased to yield 12%. Interest is payable annually every December 31.The bonds mature on December 31, 2025. On December 31, 2021, the bonds were selling at 99. OnJanuary 2, 2023, Marceline the Vampire Queen Co. sold P500,000 face value bonds at 101. The bondswere selling at 103 on December 31, 2023. Based on the above and the result of your audit, answer thefollowing: Present value of 1 for 3 periods at 12%: 0.635518078 Present value of an annuity of 1 for 10 periods at 12%: 3.037349347 2. The carrying amount of the investment in bonds on December 31, 2021 is ?January 1, 2021, Marceline the Vampire Queen Co. purchased P1,000,000 10% bonds classified atamortized cost. The bonds were purchased to yield 12%. Interest is payable annually every December 31.The bonds mature on December 31, 2025. On December 31, 2021, the bonds were selling at 99. OnJanuary 2, 2023, Marceline the Vampire Queen Co. sold P500,000 face value bonds at 101. The bondswere selling at 103 on December 31, 2023. Based on the above and the result of your audit, answer thefollowing: Present value of 1 for 3 periods at 12%: 0.635518078 Present value of an annuity of 1 for 10 periods at 12%: 3.037349347 3. How much is the gain/loss on sale on January 2, 2023? 4. How much is the interest income on December 31, 2023? 5. How much is the discount amortization on December 31, 2022? Date Nominal Interest Effective Interest Amortization Carrying Amount 1/1/2021 12/31/2021 12/31/2022 1/2/2023 12/31/2023 12/31/2024…
- January 1, 2021, Marceline the Vampire Queen Co. purchased P1,000,000 10% bonds classified atamortized cost. The bonds were purchased to yield 12%. Interest is payable annually every December 31.The bonds mature on December 31, 2025. On December 31, 2021, the bonds were selling at 99. OnJanuary 2, 2023, Marceline the Vampire Queen Co. sold P500,000 face value bonds at 101. The bondswere selling at 103 on December 31, 2023. Based on the above and the result of your audit, answer thefollowing: Present value of 1 for 3 periods at 12%: 0.635518078 Present value of an annuity of 1 for 10 periods at 12%: 3.037349347 2. The carrying amount of the investment in bonds on December 31, 2021 is ? 3. How much is the gain/loss on sale on January 2, 2023? 4. How much is the interest income on December 31, 2023? 5. How much is the discount amortization on December 31, 2022?On January 1, 2021, Jackie Company issued 10,000 P5,000 10% four-year bonds at an effective interest rate of 12%. The interest is payable every July 1 and December 31. On June 30, 2023, 6,000 of the bonds were retired at 98. ( Use 4 decimal for PV) 1 How much is the net effect of the bonds on the 2023 Statement of Comprehensive Income? [Indicate whether it is a gain or loss] 2 How much is the interest expense for 2024?On January 1, 2021, Marceline the Vampire Queen Co. purchased P1,000,000 10% bonds classified at amortized cost. The bonds were purchased to yield 12%. Interest is payable annually every December 31. The bonds mature on December 31, 2025. On December 31, 2021, the bonds were selling at 99. OnJanuary 2, 2023, Marceline the Vampire Queen Co. sold P500,000 face value bonds at 101. The bonds were selling at 103 on December 31, 2023. Based on the above and the result of your audit, answer the following: Present value of 1 for 3 periods at 12%: 0.635518078 Present value of an annuity of 1 for 10 periods at 12%: 3.037349347 1. The purchase price of the bonds on January 1, 2021 is closest to a. 927,800 b. 1,075,796 c. 946,480 d. 939,253 2. The carrying amount of the investment in bonds on December 31, 2021 is closest to a. 1,063,376 b. 960,058 c. 951,963 d. 939,226 3. How much is the gain/loss on sale on January 2, 2023? a. 21,981 gain b. 21,981 loss c. 41,963 gain d. 41,963 loss 4. How much…