Redemption of Bonds Payable An $800,000 bond issue on which there is an unamortized premium of $57,000 is redeemed for $785,000. Journalize the redemption of the bonds. If an amount box does not require an entry, leave it blank.     fill in the blank 2 fill in the blank 3     fill in the blank 5 fill in the blank 6     fill in the blank 8 fill in the blank 9     fill in the blank 11 fill in the blank 12

Q: Carla Vista Co. issues $345,000, 20-year, 9% bonds at 103. Prepare the journal entry to record the…

A: Note​ payable: Note​ payable is an instrument through which borrower obtains money from lender and…

Q: A $540,000 bond issue on which there is an unamortized discount of $45,000 is redeemed for $446,000.…

A: When bonds were issued on discount, company receives the face value less discount amount

Q: Concord Corporation sold $2,300,000, 5%, 10-year bonds on January 1, 2022. The bonds were dated…

A: Interest payable = Face value of bonds x rate of interest x no. of years = 2300000*5%*1 = $115,000

Q: Pinetop Corporation issued $153,000 of 8-year bonds at par. The bonds have a stated rate of 7% and…

A: The bonds payable are issued by the company to raise funds for long-term purposes.

Q: A $515,000 bond issue on which there is an unamortized discount of $36,000 is redeemed for $463,000.…

A: The bonds are issued at discount when market rate is lower than the coupon rate of bonds.

Q: Blossom Company issues $3.2 million, 10-year, 9% bonds at 96, with interest payable on December 31.…

A: 1. Date Account Titles and Explanation Debit Credit Jan. 1 Cash ($3,200,000*96/100)…

Q: A $1,500,000 bond issue on which there is an unamortized discount of $70,100 is redeemed for…

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

Q: A $500,000 bond issue on which there is an unamortized discount of $50,000 is redeemed for $475,000.…

A: Given Information:  Issue of bonds = $500,000 Unamortized discount = $50,000 Redeemed for = $475,000

Q: Ivanhoe Company issued $530,000, 10-year, 8% bonds at 103. (a)     Prepare the journal entry to…

A: Issue value of the bonds = Face value of bonds x issue price/100 = $530,000 x 103/100 = $545,900

Q: Korean Corporation issued $2 million, 10-year, 6% bonds on January 1, 2021.     1) Prepare the entry…

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

Q: Crane Electric sold $6,240,000, 10%, 10-year bonds on January 1, 2022. The bonds were dated January…

A: Journal Entry: Journal entry is the act of keeping records of transactions in an accounting journal.…

Q: A $500,000 bond issue on which there is an unamortized discount of $34,000 is redeemed for $473,000.…

A: Journal Entry: Journal entry is the act of keeping records of transactions in an accounting journal.…

Q: (Entries for Redemption and Issuance of Bonds) Matt Perry, Inc. had outstanding $6,000,000 of 11%…

A: Prepare the journal entries necessary to record the issue of the new bonds and the refunding of the…

Q: A $300,000 bond was redeemed at 104 when the carrying amount of the bond was $316,000.  The entry to…

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

Q: ssuing Bonds at a Discount 1. On the first day of the fiscal year, a company issues a $8,200,000,…

A: A bond issued on discount:-When a company issue a bond less than its par value is known as a bond…

Q: On the first day of the fiscal year, a company issues a $500,000, 8%, 10-year bond that pays…

A: Bonds payable are one of the sources of finance and are shown as liability. If the interest rate is…

Q: Logan Inc issued a $1,600,000, 6% 10 year bond at 88 on January 1, 2018. 1. Journalize the issuance…

A: Bonds are the debts of an issuing company that is repayable after a specific period of time, it may…

Q: A $530,000 bond issue on which there is an unamortized discount of $42,000 is redeemed for $476,000.…

A: The bonds are issued at discount when market rate is higher than the coupon rate of bonds payable.

Q: Redemption of Bonds Payable A $950,000 bond issue on which there is an unamortized premium of…

A: Bonds payable $950,000 Unamortized premium $78,000 Cash paid $802,000

Q: Cullumber Company sold $2,000,000, 4%, 10-year bonds on January 1, 2022. The bonds were dated…

A: Journal entries are prepared to record the financial and non financial transactions of the business…

Q: Jen Corporation retires its P 500,000 face value bonds at 105 on January 1, following the payment of…

A: Bonds when redeemed at more than the carrying value of the bonds they record loss .

Q: A $530,000 bond issue on which there is an unamortized discount of $37,000 is redeemed for $476,000.…

A: Bonds are the securities that are issued by the business entities or government to raise funds from…

Q: Hi, I'm not understanding this problem or where I went wrong with my calculations? Can you help me…

A: Calculate the Gain on redemption of bonds:

Q: An $800,000 bond issue on which there is an unamortized premium of $57,000 is redeemed for $785,000.…

A: Bonds Payable carrying value - $ 800,000 Add : Premium on Bonds Payable = $ 57,000 Less :  Cash…

Q: I have managed to find bonds payable and cash but I'm not sure how to find  preimium on bonds…

A: Bonds Payable: Bonds payable are referred to long-term debts of the business, issued to various…

Q: Issuance of Long-Term Debt Anne Corp. issued $366,000, 5% bonds. Required: Provide the necessary…

A:

Q: A $530,000 bond issue on which there is an unamortized discount of $37,000 is redeemed for $462,000.…

A: Journal entry: Journal entry is a set of economic events which can be measured in monetary terms.…

Q: On September 1, Deutsch Limited issues 8%, 5-year bonds payable with a maturity value of OR 20,000.…

A: We’ll answer the first question since the exact one wasn’t specified. Please submit a new question…

Q: Journalize the redemption of the bonds

A: Redemption of bond means discharging the liability of bond by paying off it in cash or cash…

Q: A $1,900,000 bond issue on which there is an unamortized premium of $101,264 is redeemed for…

A:

Q: A $540,000 bond issue on which there is an unamortized discount of $35,000 is redeemed for $465,000.…

A: General Journal Debit Credit Bonds Payable $540,000   Discount on Bonds Payable   $35,000 Gain…

Q: A $515,000 bond issue on which there is an unamortized discount of $41,000 is redeemed for $473,000.…

A: Given that: Bond value = $515000 Unamortised discount = $41000 Redemption value = $473000

Q: A $940,000 bond issue on which there is an unamortized premium of $68,000 is redeemed for $761,000.…

A: Loss on redemption of bonds = Face value of bonds + Unamortized Premium on Bonds Payable - Cash paid…

Q: Redemption of Bonds Payable A $940,000 bond issue on which there is an unamortized premium of…

A: In the given question, the company amortized bonds having face value of $ 940,000 and unamortized…

Q: Redemption of Bonds Payable An $800,000 bond issue on which there is an unamortized premium of…

A: A BOND is a type of securities  issued by company. These are type of   loan that are taken. A bond…

Q: Hasley Company issued $800,000, 11%, 10-year bonds on December 31, 2018, for $730,000. Interest is…

A: Journal entries forms part of basic accounting where the transactions of an organisation are being…

Q: Redemption of Bonds Payable A $880,000 bond issue on which there is an unamortized premium of…

A: In the given problem, the bond has been redeemed at a price less than face value. The bond payable…

Q: Blossom Company issues $2.10 million, 10-year, 7% bonds at 97, with interest payable each January 1.…

A: Proceeds from issue of bonds = Face value of bonds x issue price /100 = $2100000*97/100 = $2037000

Q: C Corporation sold $55,000,000, 8%, 10-year bonds on January 1, 2022. The bonds apply interest on…

A: The bonds are the financial instruments for the business. These instruments are useful to raise…

Q: A $920,000 bond issue on which there is an unamortized premium of $65,000 is redeemed for $821,000.…

A: Calculate the carrying amount of bonds payable:

Q: A $375,000 bond issue on which there is an unamortized discount of $40,000 is redeemed for $320,000.…

A: Carrying value of the bonds = Face value of bonds - Unamortized discount = $375,000 - $40,000 =…

Q: An $800,000 bond issue on which there is an unamortized premium of $57,000 is redeemed for $785,000.…

A: Given: Bond payable $800,000; Unamortized premium $57,000; and proceeds from redemption of bond is…

Q: A $545,000 bond issue on which there is an unamortized discount of $37,000 is redeemed for $472,000.…

A: Given, Face value of bonds = $545,000 Unamortized discount = $37,000 Redemption value = $472,000

Q: An $800,000 bond issue on which there is an unamortized premium of $57,000 is redeemed for $785,000.…

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

Q: Redemption of Bonds Payable On December 31, a $1,950,000 bond issue on which there is an…

A: Redemption of bonds is a situation on which an entity redeem their bonds before its maturity date…

Q: A $880,000 bond issue on which there is an unamortized premium of $84,000 is redeemed for $823,000.…

A: Bonds are the debt instruments using which and entity can raise finance.