the question is in the image attached Problem 5-13 (AICPA Adapted)On October 1, 2020, Shane Company issued 5,000 12% bondswith face amount of P1,000 per bond at 110. The bonds whichJanuary 1 and July 1. The entity paid bond issue cost ofHow much cash was received from the issuance of the bonds?2,200,0001,800,0003,000,000January 1, 2025, pay interest semiannually onmature onP200,000.a. 5,450,000b. 5,650,000c. 5,300,000с.d. 5,550,000Problem 5-14 (AICPA Adapted)On April 1, 2020, Greg Company issued, at 99 plus accruedinterest, 4,000 8% bonds with face amount of P1,000 per bond.The bonds are dated January 1, 2020, mature on January 1,2030, and pay interest on January 1 and July 1. The entitypaid bond issue cost of P140,000.0,0000,000,000How much cash was received from the bond issuance?a. 4,040,000b. 3,960,000c. 3,900,000d. 3,820,000с.On July 1, 2020, Carol Company issued at 104, five thousand10% bonds with face amount of P1,000 per bond. The bondswere issued through an underwriter to whom the entity paidbond issue cost of P125,000.Problem 5-15 (AICPA Adapted)On July 1, 2020, what is the carrying amount of the bondspayable?a. 4,875,000b. 5,075,000c. 5,200,000d. 5,325,000101

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On October 1, 2020, Shane Company issued 5,000 12% bonds with face amount of P1,000 per bond at 110. The bonds which January 1, 2025, pay interest semiannually on January 1 and July 1. The entity paid bond issue cost of mature on P200,000. How much cash was received from the issuance of the bonds? a. 5,450,000 b. 5,650,000 c. 5,300,000 d. 5,550,000

On October 1, 2020, Shane Company issued 5,000 12% bonds with face amount of P1,000 per bond at 110. The bonds which January 1, 2025, pay interest semiannually on January 1 and July 1. The entity paid bond issue cost of mature on P200,000. How much cash was received from the issuance of the bonds? a. 5,450,000 b. 5,650,000 c. 5,300,000 d. 5,550,000

Financial & Managerial Accounting

13th Edition

ISBN:9781285866307

Author:Carl Warren, James M. Reeve, Jonathan Duchac

Publisher:Carl Warren, James M. Reeve, Jonathan Duchac

Chapter12: Long-Term Liabilities: Bonds And Notes

Section: Chapter Questions

Problem 12.2APR

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