On July 1, 20Y1, Danzer Industries Inc. issued $50,000,000 of 10-year, 8% bonds at a market (effective) interest rate of 10%, receiving cash of $43,768,920. Interest on the bonds is payable semiannually on December 31 and June 30. The fiscal year of the company is the calendar year. Required: 5. Compute the price of $43,768,920 received for the bonds by using the present value tables. (Round to the nearest dollar.)

Q: On July 1, Year 1, Danzer Industries Inc. issued $48,800,000 of 10-year, 9% bonds at a market…

A: Bonds defined as the units of the corporate debt issued through the companies as well as securitized…

Q: lendar year. Required: For all journal entries: If an amount box does not require an entry, leave…

A: Given Danzer Industries Inc. issued $56,000,000 of 20-year, 11% bonds at a market (effective)…

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A: Formula: Interest expense = Bond face value x Interest rate x Time period

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A: GIVEN   On January 1, 20x1, Pitchfork Company issued a $750,000, 8%, 5-year bond for $860,401 and…

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A:

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A: When Bonds are issued at discount such discount will be written off over the life of the period.…

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A: One of the sources used by the business entities to raise their share capital is the issue of debt…

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A: Total amount of premium = Issue price - Face value = $1,050,000 - $1,000,000 = $50,000

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A:

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A: Bond interest rate is the total interest expense paid on an organization's bonds due over a…

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A:

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A: BondA bond is an instrument evidencing a debt which is issued for the purpose of raising money…

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A: 1.

Q: On January 1, Elias Corporation issued 10% bonds with a face value of $67,000. The bonds are sold…

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Q: On July 1, Year 1, Danzer Industries Inc. issued $40,000,000 of 10-year, 7% bonds at a market…

A: 1.

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

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A: Interest expense= Issue value of the Bonds x market interest rate x no. of months / 12 Interest…

Q: On July 1, 20Y1, Danzer Industries Inc. issued $50,000,000 of 10-year, 8% bonds at a market…

A: Since we only answer up to 3 sub-parts, we’ll answer the first 3. Please resubmit the question and…

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A: Introduction Bonds issued with discount: Bonds are financial instrument which represents company’s…

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A: Summary of the information provided : Date of issue : July 1, 20Y1, Face value of the bond :…

Q: On July 1, 20Y1, Danzer Industries Inc. issued $40,000,000 of 10-year, 7% bonds at a market…

A: Interest expense = Issue price * Market rate * Time

Q: [The following information applies to the questions displayed below.] On April 1, year 1, Cricket…

A: Bonds are a form of debt or loan issued by the company. Business has to make regular interest…

Q: On the first day of its fiscal year, Chin Company issued $17,000,000 of five-year, 11% bonds to…

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Q: On July 1, 20Y1, Danzer Industries Inc. issued $37,400,000 of 10-year, 8% bonds at a market…

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

Q: n July 1, Year 1, Danzer Industries Inc. issued $40,000,000 of 10-year, 7% bonds at a market…

A: The bonds are issued at price less than the face value of the bonds therefore the bonds are issued…

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

Q: The following transactions were completed by Winklevoss Inc., whose fiscal year is the calendar…

A: Bonds: Bonds are securities issued by a company to raise money from the public. It is as good as…

Q: On July 1, 20Y1, Livingston Corporation, a wholesaler of manufacturing equipment, issued $6,600,000…

A: Answer 1:   Since we only answer up to 3 sub-parts, we’ll answer the first 3. Please resubmit the…

Q: Pieriniel, Inc., reports financial statements each December 31 and issues $600,000, 7%, 15-year…

A:

Q: On October 1, 2010, Tender Corporation issued Rs. 500,000 of 9 percent bonds at 96. The bonds are…

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A: Since, only the 2nd and 3rd requirement are mentioned they are answered. Bonds: Bonds are long-term…

Q: On July 1, Year 1, Danzer Industries Inc. issued $37,400,000 of 10-year, 11% bonds at a market…

A: Bonds defined as the units of the corporate debt issued through the companies as well as securitized…

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A: When the bonds are issued at price which is equal to the face value, they are said to be issued at…

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

Q: On April 1, year 1, Opera Corporation issues P60 million of 12%, 10-year bonds payable at par.…

A: Introduction: Interest amount: Interest is a charge levied on the principal amount. Interest is…

Q: The Square Foot Grill, Inc. issued $230,000 of 10-year, 9 percent bonds on January 1, Year 2, at…

A: Note: Since we only answer up to 3 sub-parts, we’ll answer the first 3. Please resubmit the question…

Q: On January 1, Elias Corporation issued 7% bonds with a face value of $79,000. The bonds are sold for…

A: Working Note: 1. Discount on Bonds Payables will be = Face Value - Issue Price = $79,000-$76,630 =…

Q: On July 1, 20Y1, Danzer Industries Inc. issued $35,400,000 of 10-year, 10% bonds at a market…

A: Hello. Since your question has multiple sub-parts, we will solve the first three sub-parts for you.…

Q: On July 1, Year 1, Danzer Industries Inc. issued $40,000,000 of 10-year, 7% bonds at a market…

A: Since we only answer up to 3 sub-parts, we’ll answer the first three. Please resubmit the question…

Q: On July 1, Year 1, Danzer Industries Inc. issued $47,500,000 of 10-year, 10% bonds at a market…

A: The bond is considered as an instrument which is issued, when the loan is made to the borrower by…

Q: On January 1, assume that Comcast issues $300,000 of 15-year, 10% bonds payable for $351,876,…

A: Solution 1: Issue price of this bond = Proceeds from bond issued = $351,876