On January 1, 2014, Ellison Co. issued eight-year bonds with a face value of $3,000,000 and a stated interest rate of 6%, payable semiannually on June 30 and December 31. The bonds were sold to yield 8%. Table values are: Present value of 1 for 8 periods at 6%...........................................         .627 Present value of 1 for 8 periods at 8%...........................................         .540 Present value of 1 for 16 periods at 3%.........................................         .623 Present value of 1 for 16 periods at 4%.........................................         .534 Present value of annuity for 8 periods at 6%.................................       6.210 Present value of annuity for 8 periods at 8%.................................       5.747 Present value of annuity for 16 periods at 3%...............................     12.561 Present value of annuity for 16 periods at 4%...............................     11.652   1. The present value of the principal is   a. $2,136,000. b. $1,602,000. c. $2,492,000. d. $1,508,000.

Q: On January 1, 2018, Piper Co. issued ten-year bonds with a face value of $6,000,000 and a stated…

A: Bonds payable: It is a long term liability to the organization issuing it. It is issued to raise…

Q: On January 1, 2011, Taguig Company issued 3-year bonds with face value of P5,000,000 at 99. The…

A:

Q: On January 1, 2016, Baddour, Inc., issued 10% bonds with a face amount of $160 million. The bonds…

A:

Q: On July 1, 2014, Oladipo Corporation issued 11% bonds in the face amount of P2,000,000 that mature…

A: Carrying  value  is present value of future  cash flows discount @5%(10/2)

Q: On January 1, 2018, Wawatosa Inc. issued 7-year bonds with a face value of $100,000 and a stated…

A: Issue price of the bonds = Present value of principal + Present value of interest payments where,…

Q: On January 1, 20x1, POTENT POWERFUL Co. issued 12% bonds with face amount of P4,000,000 for…

A: The face value of the bond is 4,000,000. The coupon rate on bond is 12% and the annual coupon rate…

Q: On January 1, 2018, Reese Incorporated issued bonds with a face value of $120,000, a stated rate of…

A:

Q: On January 1, 2016, Colt Co. issued ten-year bonds with a face amount of $1,000,000 and a stated…

A: Introduction: A bond is a fixed responsibility issued by corporations or government entities to pay…

Q: On January 1, 2017, Babb Trailers, Inc. issued $6,500,000 of par value bonds for $6,200,000. The…

A: Total discount on issue of bonds = Face value of bonds - Issue value = $6,500,000 - $6,200,000 =…

Q: At the beginning of current year, Colt Company issued ten-year bonds with a face amount of…

A: A bond can be issued at premium or discount based on the market interest rate. If the market…

Q: $939,000 to yield 10%. Alquds uses the effective-interest method of amortizing bond discount.…

A: Un amortized bond discount ,7/1/ Year 1   Bond discount amortization ,7/1/ Year 1 to  6/30/Year3:…

Q: On January 1, 2016, Pharaoh Company issued 3-year bonds with a face value of P1,200,000 and stated…

A: Bonds: It is also known as a fixed-income security, it is a debt instrument created for the purpose…

Q: On March 1, 2014, Khaleesi Company issued 10-year P5,000,000 8% term bonds dated March 1, 2014 and…

A: Coupon Rate: Coupon interest rate are the rate of interest paid on the bonds. The coupon rate is…

Q: The present value of the interest is     $3006535.   $3174325.   $3224305.   $2955960.

A: Present Value of Interest = Interest Amount * The present value of an annuity for 16 periods at 6%

Q: White side Corp issues $500,000 of 9% bond due in 10 years, with interest payable semiannually. At…

A: Calculate the present value of face value of bonds.

Q: 1 On February 1 2016, Ellison Co. issued eight-year bonds with a face value of S10,000,000 and a…

A: Financial Management: Financial management comprises of two words i.e. Finance and management.…

Q: On January 1, 2015, ABC Co. issued 5-year bonds in the amount of $50, 000.  Interest of 4% is…

A: Bonds: Bonds are the financial debt instruments issued by the corporations to raise capital for the…

Q: Un January 1, 2014, Excellent Company purchased scrial bonds with face amount of P5,000,000 and…

A:

Q: On January 1, 2018, Piper Co. issued ten-year bonds with a face value of $1,000,000 and a stated…

A: Bond- Bonds are debt securities issued by corporations, governments, or other organizations and sold…

Q: Eveready Company issued P100,000 of 8% term bonds on January 1, 2X19, due on January 1, 2X24, with…

A: Bond: A bond is a debt security. It is issued to  raise money from investors who is willing to  lend…

Q: Danner Company sold $500,000 of 8 percent, 20-year bonds on April 1, 2014, at 105. The semiannual…

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

Q: On January 1, 2016, Blue Company issued ten-year bonds with a face value of P 1,000,000 and a stated…

A: Face Value of Bond  1000000 Duration 10 years Interest Rate 8% per year  Interest Payable…

Q: On January 1, 2013, Aldrine Company issued 3 year bonds with face value of P5,000,000 at 99. The…

A: Interest expense is the cost of borrowing money that lender charges a borrower.

Q: On January 1, 2015, Michael Corp. issued 300 bonds with a face value of $1,000 each and a face rate…

A: Bond is form of long term debt. It have lower cost than other common stock. The market value of bond…

Q: On January 1, 2014, Buknoy Company purchased serial bonds with face value of P3,000,000 and stated…

A: To find the presert value of bond , we need to discount the future cash flow to find out the present…

Q: On December 31, 2006, Moses Company issued P5,000,000 face value, 5-year bonds at 109.  Each P1,000…

A: Given data, Face value of bonds=P5,000,000 Interest rate on bonds =11% prevailing market rate of…

Q: Please I want answer for this question of Multiple Choice

A: Bond issued on January 1, 2012 for 410,000 Face value is 450,000

Q: At the beginning of current year, Marble Co. issued 10-year bonds with a face amount of P 5,000,000…

A: Total PV of bonds at the time of issuance = PV of Annual Interest Payments + PV of Redemption Value…

Q: On January 1, 2018, Arabian Company purchased serial bonds with face amount of P3,000,000 and stated…

A: A bond is a debt instrument issued by large businesses and government organizations to raise debt…

Q: On February 1, 2016, Strauss-Lombardi issued 9% bonds, dated February 1, with a face amount of…

A: 1.

Q: On January 1, 2017, Ellison Co. issued eight-year bonds with a far value of S6,000,000 and a stated…

A: Financial Management: Financial management comprises of two words i.e. Finance and management.…

Q: b. Cheriel Inc. issued $600,000 of 9%, 10-year bonds on June 30, 2022, for $562,500. This price…

A: A bond seems to be a fixed-income investment product that reflects an investor's debt to a borrower…

Q: On January 1, 2017, Satin Corp. issued eight-year, 6% bonds with a face value of $500,000, with…

A: Bonds refer to a financial security which is used by the borrowers to source required funds from a…

Q: On January 1, 2006, Carrow Company issued its 10% bonds in the face amount of P1,000,000 that mature…

A: Lets understand the basics. There are two method for amortizing bond premium/discount which are, (1)…

Q: Moss Co. issued $42,000,000 of five-year, 11% bonds, with interest payable semiannually, at a market…

A: Present Value: The value of today’s amount expected to be paid or received in the future at a…

Q: At the beginning of current year, Marble Co. issued 10-year bonds with a face amount of P 5,000,000…

A: PV of Principal = PV of Coupon Payments + PV of Redemption Value PV of Coupon Payments = Coupon…

Q: On December 31, 2017, Dome Company issued P4,000,000, 8% serial bonds, to be repaid in the amount of…

A: Annual interest payment = face value of bonds x rate of interest x no. of months/12 = P4,000,000 x…

Q: On January 1, 2006, Taguig Company issued 3-year bonds with face value of P5,000,000 at 99.  The…

A: Q1 Effective Interest Rate. The discounting rate at which the present value of cash flows equal to…

Q: Shaw Company issued P5,000,000, 12% bonds on January 1, 2012. The principal of the bonds were paid…

A: It is pertinent to note that the issue price of the bond is the present value of all the payments (…

Q: ature in six years, and interest is paid semi-annually on June 30 and December 31. The bonds were…

A: The bond will mature on the maturity date, and the issuing company would pay the debt holder the…

Q: The Smart Company sold Rs. 500,000 of 8 percent, 20-year bonds on April 1, 2011, at 105. The…

A: Hi student Since there are multiple subparts, we will answer only first three subparts. If you want…

Q: a) April 1, 2011, to record the issuance of bonds b) September 30, 2011, to pay interest and to…

A: April 1, 2012 Cash A/c dr 16,000,000      To 20 year 10% Bond 16,000,000 (To record Issue of bonds)…