6. MC.11.166 If $1,000,000 of 8% bonds are issued at 98 1/2, the amount of cash received from the sale is a. $985.000 b. S1.000.000 C$1,080.000 d. $1.027.500 7. EX 11.173 Cramer Corp. issued $20,000,000 of 5-year, 9% bonds at a market (effective) interest rate of 10%, receiving cash of $19,227,757. Interest on the bonds is payable semiannually. Journalize the entry to record the first semiannual interest payment, and the amortization of the bond discount, using the interest method? If an amount box does not require an entry, leave it blank. If required, round your answers to nearest whole dollar.

6. MC.11.166 If $1,000,000 of 8% bonds are issued at 98 1/2, the amount of cash received from the sale is a. $985.000 b. S1.000.000 C$1,080.000 d. $1.027.500 7. EX 11.173 Cramer Corp. issued $20,000,000 of 5-year, 9% bonds at a market (effective) interest rate of 10%, receiving cash of $19,227,757. Interest on the bonds is payable semiannually. Journalize the entry to record the first semiannual interest payment, and the amortization of the bond discount, using the interest method? If an amount box does not require an entry, leave it blank. If required, round your answers to nearest whole dollar.

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

See similar textbooks

Similar questions

what are the solutions for questions 4 & 5?
Wrong Answer
Answer each of the following independent question: a and b
Zina Manufacturing Company started and completed Job 501 in December with the following Job Cost Sheet and transferred it to the warehouse. Direct Materials Date Dec 17 Dec 30 Total Direct Labor Amount Date Amount $2,000 Dec 20 $4,000 8,000 Dec 30 3,800 Total Job Cost Sheet - Job No. 501 Total Cost The journal entry to record the transaction is A) WIP Inventory FG Inventory B) Cost of Goods Sold WIP Inventory C) FG Inventory WIP Inventory D) FG Inventory WIP Inventory Debit Credit 35,800 17,800 17,800 Manufacturing Overhead Date Amount Dec 24 $10,000 Dec 30 8,000 Total 35,800 35,800 17,800 17,800 35,800
hrl.3 answer must be in proper format or i will give down vote
What is the answer to d e and f?
why did you not answer b?
Question 4 Listen Which of the following points are on the unit circle? Select all that apply. A (--) B (33.3) C 12 (1/13. 31/3)