Anderson Enterprises issues $2,000,000 of 7% bonds at 102. What is the amount of cash Anderson would receive from the sale? a. $2,040,000 b. $1,960,000 c. $2,000,000 d. $2,200,000 e. None of the above
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- Required Compute the cash proceeds from bond issues under the following terms. For each case, indicate whether the bonds sold at a premium or discount. (Round your answers to nearest dollar amount.) Cash Discount or Proceeds Premium а. Pear, Inc. issued $168,000 of 10-year, 8 percent bonds at 102. b. Apple, Inc. issued $139,000 of five-year, 12 percent bonds at 97. С. Cherry Co. issued $159,000 of five-year, 6 percent bonds at 102 1/4. d. Grape, Inc. issued $70,000 of four-year, 8 percent bonds at 98.00.If $325,000 of 9% bonds are issued at 96, what is the amount of cash received from the sale? Select the correct answer. $325,000 $295,750 $312,000 $354,250If $1,093,000 of 8% bonds are issued at 102 3/4, the amount of cash received from the sale is __
- Bonds Payable has a balance of $1,137,000 and Discount on Bonds Payable has a balance of $13,644. If the issuing corporation redeems the bonds at 98, what is the amount of gain or loss on redemption? a.$13,644 loss b.$9,096 loss c.$9,096 gain d.$13,644 gainIf $470,000 of 10% bonds are issued at 97, the amount of cash received from the sale isAnswer full question.
- FocBonds Payable has a balance of $1,000,000 and Discount on Bonds Payable has a balance of $15,500. If the issuing corporation redeems the bonds at 98 1/2, what is the amount of gain or loss on redemption? a. $500 loss Ob. $15,500 gain Oc. $500 gain Od. $15,500 loss 43 0 77777777777If the bonds payable account has a balance of $100,000 and the premium on bonds payable account has a balance of $10,000, what is the carrying amount of the bonds? $110,000 $100,000 $90,000 There is no way to determine.