The following terms relate to independent bond issues: 460 bonds; $1,000 face value; 8% stated rate; 5 years; annual interest payments 460 bonds; $1,000 face value; 8% stated rate; 5 years; semiannual interest payments 890 bonds; $1,000 face value; 8% stated rate; 10 years; semiannual interest payments 1,960 bonds; $500 face value; 12% stated rate; 15 years; semiannual interest payments Use the appropriate present value table: PV of $1 and PV of Annuity of $1 Required: Assuming the market rate of interest is 10%, calculate the selling price for each bond issue. If required, round your intermediate calculations and final answers to the nearest dollar. Situation Selling Price of the Bond Issue a. $425123 b. $424479 c. $779087 d. $

Q: Chase Corporation has $7,500,000 of 5 percent, 10-year bonds dated January 1, with interest payment…

A: A bond payable's sustaining value is another word for the book value of a bond payable. Bond payable…

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

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

Q: On June 30, Jamison Company issued $2,500,000 of 10-year, 9% bonds, dated June 30, for $2,580,000.…

A: Bonds are the units of the corporate debt issued through the companies as well as tradeable assets,…

Q: Issuance of the bond  First annual interest payment (record as separate entry from premium…

A: Working: Premium on Bonds Payable = Issue price of bonds - Face value of bonds = $2,125,000…

Q: On January 1 of the current year, Barton Corporation issued 9%, 5-year bonds with a face value of…

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

Q: n April 1, year 1, Cricket Corporation issues $56 million of 8%, 14-year bonds payable at par.…

A: An interest expense refers to the cost of borrowing money. Interest expense is a non-operating item…

Q: On November 1, 20x4, Madison Corp. issued ₱800,00 of its 10-year, 8% term bonds dated October 1,…

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

Q: Moss Co. issued $101,000 of five-year, 12% bonds with interest payable semiannually, at a market…

A: A bond is a debt instrument that is issued by the organization to raise the funds from the investor…

Q: Assume the bonds are issued for $6,940,000 on January 1 to yield an effective interest rate of 6…

A: Interest Payments  Interest payments on government debt, such as long-term bonds, long-term loans,…

Q: Splish Brothers Inc. issues $7,600,000 of 5% bonds due in 5 years with interest payable at year-end.…

A: Bonds are issued by large organizations such as corporations, municipal organizations, state or…

Q: On January 1 of the current year, Barton Corporation issued 7%, 5-year bonds with a face value of…

A: Annual Interest = $108,000 x 7% = $7,560 Bond discount = $108,000 - $102,600 = $5,400   This bond…

Q: Larkspur, Inc. had outstanding $5,540,000 of 11% bonds (interest payable July 31 and January 31) due…

A: Journal entries are used to record accounting transactions of the business and involves an debit in…

Q: Emerald, Inc. had outstanding $5,540,000 of 11% bonds (interest payable July 31 and January 31) due…

A: Journal entries is a process of recording various transactions in a chronological order. It is…

Q: On the first day of the current fiscal year, $2,000,000 of 10-year, 6% bonds, with interest payable…

A: Premium on Bonds Payable = Issue price of bonds - Face value of bonds = $2,125,000 -$2,000,000 =…

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

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

Q: On June 30, Jamison Company issued $2,500,000 of 10-year, 9% bonds, dated June 30, for $2,580,000.…

A: Given: Value of the bond = $ 2,500,000 Bond rate = 9 % Price of the bond = $ 2,580,000

Q: Calculate the total amount of interest expense over the life of the bonds for the following…

A: When Issue price > face value then it implies that the Bond is issued at a premium. When a bond…

Q: On March 1, Year 1, 5M Corp. issued $50,000, 6%, 10-year bonds payable at 98 plus accrued interest.…

A: Interest for February , Year 1 = Face value of bonds x rate of interest x no. of months / 12 months…

Q: Moss Co. issued $101,000 of five-year, 11% bonds with interest payable semiannually, at a market…

A: Concept: The present value (PV) is defined as the current value of the future sum of money or the…

Q: On January 1, 20x1, an entity issues bonds with a face amount of P8,000,000 for P8,600,000. The…

A: Introduction:- Bonds are a sort of investment that is utilized in mutual funds and private…

Q: On January 1 of the current year, Barton Corporation issued 12% bonds with a face value of $87,000.…

A: SOLUTION- COMPUTATION FIRST THE YEARLY AMORTIZATION OF THE BOND DISCOUNT- PARTICULARS AMOUNT $…

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

A: Interest amount needs to be properly recorded in the books of the company as and when it was accrued…

Q: The total interest paid on $46,000, ten-year, 6 percent bonds that are issued at 98 is a. $28,520.…

A: Total interest paid = Interest paid + Discount on bonds where, Discount on bonds = Face value of…

Q: On January 1, 20x1, Kageyama Corporation issues P1,500,000 of 10% bonds at 97 due December 31, 2x10.…

A: Introduction:- A bond is a form of instrument in which the issuer (the debtor) owes the holder (the…

Q: On January 1, 20x6, SAM COMPANY. issued 3-year bonds with a face value of P3,000,000 for P2,850,756.…

A: The interest expense is the cost which a firm is required to pay for the amount borrowed in the form…

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

A: Discount on bonds=$74,000,000-$63,532,267=$10,467,733

Q: 6. On June 1, 2002, Jefferson Controls, Inc. issued P12,000,0000 of 10 percent bonds to yield 12…

A: A journal entry is a type of accounting entry that is used to record a business transaction in a…

Q: On January 1 of the current year, the Barton Corporation issued 10% bonds with a face value of…

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

Q: Moss Co. issued $101,000 of four-year, 12% bonds with interest payable semiannually, at a market…

A: Present value of the bonds payable = Present value of principal + Present value of interest payments…

Q: On January 1 of the current year, Barton Corporation issued 10%, 5-year bonds with a face value of…

A: Discount on bonds payable = $200,000 - $191,000 Discount on bonds payable = $9,000   Number of…

Q: corporation issues $3,000,000 of 8%, 10-year bonds, interest payable semiannually. At the time the…

A: Formula: Present value of Annuity = Present value of Annuity factor x semi annual coupon payment.…

Q: When the market rate of interest was 11%, Christopher Corporation issued $100,000 of five-year, 12%…

A: The Selling price of the bond will be Present Value of the Interest Amount to be Received for…

Q: y 1, firm issued $500,000 of 15   year, 6 percent bonds payable for $552,325, yielding an effective…

A: Bond interest expense is the aggregate interest expense incurred during a reporting period for an…

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: On the first day of the current fiscal year, $2,000,000 of 10-year, 6% bonds, with interest payable…

A: Given: Value of the bond = $ 2,000,000 Bond rate = 6 % Price of the bond = $ 2,125,000

Q: A corporation issues for cash $1,000,000 of 8%, 20-year bonds, interest payable annually, at a time…

A: The bonds payable are issued at premium when market rate is lower than the coupon rate of bonds…

Q: What amount did Mountain receive from the bond issuance?

A: Given: No of Bonds Issued 200 Face Value  ₱1,000 Issued at premium of 1% Rate of Interest 9%…

Q: On January 1 of the current year, the Queen Corporation issued 12% bonds with a face value of…

A: Bonds: Bonds are debt instruments issued by the borrower company to its lenders. Bonds are issued at…

Q: On March 1, 2002, ABC Co. issued P700,000 of 10% bonds to yield 8%. Interest is payable semiannually…

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

Q: Franklin Corporation issues $50,000, 10%, 5-year bonds on January 1, for $52,100. Interest is paid…

A: Total amount on premium on bonds issue = Issue price - Face value of bonds = $52,100 - $50,000 =…

Q: Larkspur, Inc. had outstanding $5,540,000 of 11% bonds (interest payable July 31 and January 31) due…

A: Journal entries are used to record various transactions which was performed by the business during…

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

A: Formula: Interest expense = Bond amount x Interest rate x Time period

Q: On January 1 of the current year, the Barton Corporation issued 6% bonds with a face value of…

A: A bond is a borrowing security issued by a company to raise funds from the market by making an…

Q: Larkspur, Inc. had outstanding $5,540,000 of 11% bonds (interest payable July 31 and January 31) due…

A: We shall answer the first question since the exact question wasn't specified. Please resubmit a new…