On July 1, 2020, ZZZ Inc. issues $100,000 face value, 7% semiannual coupon bonds maturing in 10 years. The bonds pay interest on June 30 and December 31 of each year. The market initially prices these bonds at $107,439, to yield 6% compounded semiannually. Assuming that ZZZ Inc. uses the direct method of reporting cash from operations, what amount related to these bonds would ZZZ Inc. report in the cash from operations section of its cash flow statement for the year ending December 31, 2020? Select one: a. $6,000 b. $3,000 c. $3,500 d. $3,223 e. $7,000

Q: On January 1, 2018, CHE Co. purchased 12% bonds, having a maturity value of P800,000, for P860,652…

A:

Q: Agee Technology, Inc., issued 9% bonds, dated January 1, with a face amount of $1,400 million on…

A: The journal entries are prepared to keep the record of day to day transactions of the business. The…

Q: On January 1, 2020, MNOCompany issued its 9%, P2 million bonds, which mature on January 1, 2030. The…

A:

Q: On January 1, 2021, Mania Enterprises issued 16% bonds dated January 1, 2021, with a face amount of…

A: Coupon rate per period (16%/2) 8.00% Face value of bond  $    30,000,000 Market rate per period…

Q: On January 1, 2021, Instaform, Inc., issued 12% bonds with a face amount of $60 million, dated…

A: GIVEN   On January 1, 2021, Instaform, Inc., issued 12% bonds with a face amount of $60 million,…

Q: On January 1, 2018, Darnell Window and Pane issued $18 million of 10-year, zero-coupon bonds…

A: 1.

Q: The balance sheet at December 31, 2021, for Nevada Harvester Corporation Includes the liabilitiles…

A: SOLUTION- CLASSIFIED BALANCE SHEET-  IT IS A FINANCIAL STATEMENT PORTRAYING FINANCIAL POSITION OF…

Q: On January 1, 2018, Surreal Manufacturing issued 550 bonds, each with a face value of $1,000, a…

A: An amortization bond schedule is that in which the yearly principal amount is reduced with the…

Q: January 1, 2020, Patrick Corporation issued P10 million bonds that will mature in five years. The…

A: Sinking fund are created for the bonds so that sufficient amount get accumulated at the end of…

Q: Myriad Solutions, Inc., issued 10% bonds, dated January 1, with a face amount of $320 million on…

A: Requirement 1:

Q: On January 1, 2021, Instaform, Inc., issued 10% bonds with a face amount of $52 million, dated…

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

Q: On April 1, 2020, BANANA Company purchased 9% bonds with a face value of ₱4,000,000 for ₱3,756,000…

A: Interest refers to the cost of money borrowed from a lender. It can be simple or compound. It is…

Q: On March 1, 2021, BabyM company issued a four-year, P3,000,000 face value, 11% term bonds for…

A: Bonds issued at Premium: When a bond is issued at a premium, that means that the bond is sold for an…

Q: On February 1, 2021, Cromley Motor Products issued 9% bonds, dated February 1, with a face amount of…

A:

Q: Ozzie Smith Co. issues $30,000,000 of 5-year, 6.6% bonds on April 1, 2020 at par plus accrued…

A: Bonds are the financial liabilities for a company which is payable at the end of specific term.

Q: Agee Technology, Inc., issued 9% bonds, dated January 1, with a face amount of $1,400 million on…

A: Bonds refer to the borrowing security issued by the company to raise funds from the market by making…

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

A: Unamortized discount on bonds payable of 333,906

Q: On June 1, 2019, Swifty Company sold $2,460,000 in long-term bonds for $2,157,700. The bonds will…

A: Interest payment = $2,460,000*8% Interest payment = $196,800

Q: 1. Calculate the issue price of the corporate bonds of Evermaster on May 1, 2022 2. Prepare a…

A: 20 Corporate Bond Face Value of Each Bond  $       1,00,000 Maturity  5 years Coupon Rate (…

Q: On December 31, 2020, Balbond issued 3,000 of its 15-year 6%, P1,000 face value bonds for…

A: Lets understand the basics. For calculating carrying value of the bond, we will need use effective…

Q: Determine the selling price of the bonds.

A: The selling price of bond is calculated as present value of coupon amount which is based on coupon…

Q: On January 1, 2018, Loop Raceway issued 640 bonds, each with a face value of $1,000, a stated…

A: Bonds are referred to as fixed interest bearing instrument which represents a type of loan made by…

Q: On January 1, 2021, Callahan Auto issued $900,000 of 9%, 10-year bonds. Interest is payable…

A: Semiannual Stated interest rate=Annual rate2=9%2=4.5%

Q: N. Chocolate Company was authorized to issue 12% bonds with face amount of P5,000,000 on April 1,…

A: Solution: Net cash received from issuance of bond = Proceed from issue of Bond - bond issue cost

Q: On January 1, 2021, Surreal Manufacturing issued 570 bonds, each with a face value of $1,000, a…

A: 1. Period Changes during the period     Ending bond liability balances       Interest expense…

Q: On March 1, 2021, Baddour, Inc., issued 10% bonds, dated January 1, with a face amount of $160…

A: 1. Determine the amount(s) related to the bonds Baddour would report in its balance sheet at…

Q: On January 1, 2021, Sheridan Co. issued ten-year bonds with a face value of $4,500,000 and a stated…

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

Q: Agee Technology, Inc., issued 9% bonds, dated January 1, with a face amount of $400 million on July…

A:

Q: Myriad Solutions, Inc., issued 10% bonds, dated January 1, with a face amount of $320 million on…

A: Bond is a financial instrument to raise funds. The company issues bonds to raise an amount of money…

Q: On January 1, 2018, Surreal Manufacturing issued 560 bonds, each with a face value of $1,000, a…

A: Cash Interest=Face Value×Interest rate=$560,000×3%=$16,800

Q: On January 1, 2021, BLITZEN Company issued 10% bonds dated January 1, 2021 with a face amount of…

A: Given information Face value of bond = P 8,000,000 Life of bond = 6 years Number of periods = 6 x…

Q: Agee Technology, Inc., issued 9% bonds, dated January 1, with a face amount of $400 million on July…

A: Journal Entries at the time of issuance of bonds: Date    Account title Debit Credit July 1.…

Q: On June 1, 2019, Bramble Company sold $3,120,000 in long-term bonds for $2,736,600. The bonds will…

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

Q: On July 1, 2012, Insta Inc. issues $3,000,000 face value seven-year bonds with annual interest…

A: >Bonds Payable issued are the source of finance for the businesses.>The investors of these…

Q: On December 31, 2019, Ulster Co. issued P200,000 of 8% serial bonds, to be repaid in the amount of…

A: Bonds appear to be a financial vehicles  whereby an investor or individual lends money to a company…

Q: 1. Calculate the proceeds from the bond issue and show in good form Donnie's journal entry to record…

A: Solution Note As per the Q&A guideline we are required to answer the first three subparts only .…

Q: On January 1, 2021, Cheyenne Co. issued ten-year bonds with a face value of $4,700,000 and a stated…

A: Calculate the issue price of the bonds.

Q: On January 1, 2020, ABC Company issued its 9%, P2 million bonds, which mature on January 1, 2030.…

A: Date  Account Titles & Explanation   Debit   Credit  January 1, 2020  Cash   P18,78,000…

Q: On January 1, 2018, Mania Enterprises issued 12% bonds dated January 1, 2018, with a face amount of…

A: 1. Issue Price of the bonds = Present value of principal + Present value of interest payments = face…

Q: On January 1, 2021, Darnell Window and Pane issued $18 million of 10 year, zero-coupon bonds for…

A:

Q: On January 1, 2019, Whitmore Corp Issues $600,000 of 9% 15 year bonds that annually on December 31st…

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

Q: Spiller Corp. plans to issue 10%, 15-year, $500,000 par value bonds payable that pay interest…

A: The calculation is under step 2.

Q: On January 1, 2018, Methodical Manufacturing issued 100 bonds, each with a face value of $1,000, a…

A: Journal entry is a primary entry that records the financial transactions initially.

Q: Agee Technology, Inc., issued 9% bonds, dated January 1, with a face amount of $1,300 million on…

A: Statement of cash flow under indirect method requires adjustment for Non cash items.  In case of…

Q: Myriad Solutions, Inc. issued 10% bonds, dated January 1, with a face amount of $320 million on…

A: 1.Net amount of liability reported in balance sheet of December 31,2021:

Q: On January 1, 2020, Marimar Company issued 10,000 of its 12%, P1,000 face value 5-year bonds at 105.…

A: Interest on bond will be charged on the par value of bond, at the rate for which bond issued.…

Q: to be paid annually in arrears at the stated coupon rate of 6%. Each bond is convertible, at the…

A: Given    Time  to maturity              =3 years   No. of  convertible bonds   = 400    Face value…

Q: Agee Technology, Inc., issued 9% bonds, dated January 1, with a face amount of $400 million on July…

A: Working notes:

Q: On December 31, 2019, OLGA Inc. sold convertible bonds to Nuttin Corp. for $38,375,000. The bonds…

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

Q: On the first day of 2021, Blackberry issues $730 million of its 10% bonds for $666 million. The…

A: Part 1   Date  Particulars Amt(Dr)($) Amt(Cr)($)   Working    30-Jun Interest Expense A/c  Dr…