24.Jent Corp. purchased bonds at a discount of P10,000.  Subsequently, Jent sold these bonds at a premium of P14,000.  During the period that Jent held this investment, amortization of the discount amounted to P2,000.  What amount should Jent report as gain on the sale of bonds?     12,000 22,000 24,000 26,000

Q: The face value of Ace Hardware Company's outstanding bonds is $400,000 and unamortized premium is…

A: Unamortized premium pertains tp retirement of bonds = Total Unamortized premium  x 50% = $20,000 x…

Q: 15. On January 1, 20x1, P3.000,000, 10% bonds to be classified as investment measured at amortized…

A: Bond is a fixed income-based instrument, which contains low amount of risk. Organization issues…

Q: PB3. LO 13.2 Starmount Inc. sold bonds with a $50,000 face value, 12% interest, and 10-year term at…

A: Given, Bond Face Value $   50,000   Issue Proceeds $   48,000   Discount on issue of Bond $…

Q: If $1,000,000 of 8% bonds are issued at 98 1/2, the amount of cash received from the sale is

A: Cash received from the sale of bonds = Face value of bonds x rate at which bonds are issued

Q: If the bonds payable account has a balance of $100,000 and the premium on bonds payable account has…

A: Premium on Bonds: When bond market costs higher than its face value then bonds is called at premium.…

Q: Please answer 7, 9,10,11. Thank you.

A: Since you have asked multiple question, we will solve the first question for you (i.e. Q7).  If you…

Q: PA4. 13.2 Evie Inc. issued 50 bonds with a $1,000 face value, a five-year life, and a stated annual…

A: Bond is a debt security which carries a fixed interest rate. The fixed interest rate is known as…

Q: Bonds Payable has a balance of $1,200,000 and Premium on Bonds Payable has a balance of $18,750. If…

A:

Q: On October 1, Novak Ltd. purchased 9% bonds with a face value of $1,000 for trading purposes,…

A: A journal entry is a recording of a business transaction in a company's accounting system. It is the…

Q: BE15.3 (LO 2) AP Video Carvel Corp. issued $500,000 of 10 - year, 5% bonds with interest payable…

A: The issuance of bonds allows companies and government entities to acquire the required funds. The…

Q: If $949,000 of 8% bonds are issued at 102 3/4, the amount of cash received from the sale is…

A: Bonds: Which are issued by corporates and governments. Bonds pay fixed rate of interest.

Q: Hh1.

A: Redemption is described as the repayment of any security issued or debt issued, or any bonds issued…

Q: the separately, prep vak s journal y for the December 31 interest accrual. (Round answers to 2…

A: FV_NI stands for "Fair Value through Net Income." Accounting for securities under FV_NI is a method…

Q: Bonds Payable has a balance of $880,000 and Premium on Bonds Payable has a balance of $9,680. If the…

A: Amount paid on redemption = Face value of bonds x redemption price /100 = $880,000 x 102/100 =…

Q: If $1,093,000 of 8% bonds are issued at 102 3/4, the amount of cash received from the sale is

A: Given that  $1093000 of 8% Bonds issued at 102 3/4

Q: 2.On January 1, Year 1 Naruto Company purchased P100,000 face value 5 year bond of Wolf Corp for…

A:

Q: If $1,140,000 of 12% bonds are issued at 102 3/4, the amount of cash received from the sale is…

A:

Q: PB5. LO 13.3 Dixon Inc. issued bonds with a $500,000 face value, 10% interest rate, and a 4-year…

A:

Q: A company has bonds outstanding with a parvalue of $100,000. The unamortized premium on these bonds…

A: Unamortized premium on bonds is calculating by deducting the bond's price at actual face value at…

Q: on to get the Loss on Conversion of Bonds for $2,210,000?

A: When bonds are converted into shares , their book value is compared with total par value. Any excess…

Q: PB4. LO 13.2 Irving Inc. sold bonds with a $50,000, 10% interest, and 10-year term at $52,000. What…

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

Q: If $1,178,000 of 10% bonds are issued at 102 3/4, the amount of cash received from the sale is a.…

A: The question is asking us to calculate the amount of cash received from the sale of bonds. The bonds…

Q: If $1,000,000 of 10% bonds are issued at 98, the amount of cash received from the sale is: Oa.…

A: Bond refers to a promise that the borrower will pay the lender the amount of face value along with…

Q: Starmount Inc. sold bonds with a $50,000 face value, 12% interest, and 10-year term at $48,000. What…

A: Given,  Bond Face Value $  50,000    Issue Proceeds $  48,000    Discount on Bonds $    2,000…

Q: On October 1, Novak Ltd. purchased 9% bonds with a face value of $1,000 for trading purposes,…

A: Accured Interest is that amount which is earned by the investor but not received till the close of…

Q: PB3. 13.2 Starmount Inc. sold bonds with a $50,000 face value, 12% interest, and 10-year term at…

A: Interest expense on bonds The interest expense is the amount paid by the issuers of the bond to the…

Q: 6. MC.11.166 If $1,000,000 of 8% bonds are issued at 98 1/2, the amount of cash received from the…

A: In this numerical has covered the concept of Bond Payable .

Q: Irving Inc. sold bonds with a $50,000, 10% interest, and 10-year term at $52,000. What is the total…

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