Bond (Held-to-Maturity)InvestmentJournalize the entries to record the following selected bond investment transactions for Marr Products:If an amount box does not require an entry, leave it blank.D.) Received face value of remaining bonds at their maturity.Cash-Investments- Hotline Inc. Bonds- I just need help with part D, Thanks! Office Ho...<YouTubeeBookFeedbackMapsFeedbackc. Sold $40,000 of the bonds at 103 plus accrued interest of $460.Cash✓41,660 ✔Interest RevenueGain on Sale of InvestmentsInvestments-Hotline Inc. BondsCash▼ Check My Workb. Record the interest revenue as earned. Bond principal x interest rate x time = Total interest. Remember to consider any receivFeedbackMicrosoft account I... Cencage C Chegg.comCheck My WorkPartially correctFeedbackShow Me Howd. Received face value of remaining bonds at their maturity.✓Investments-Hotline Inc. BondsCheck My WorkPartially correctCheck My WorkOPrint ItemV✔Check My Workc. Calculate the proceeds: First compute the % x face amount of bonds sold. Next, adjust the amount for any accrued interest and8.8W4601,200 ✔40,000 ✓EasyBib®: Free Bibli...✓Northeast Alabama...All work saved.M GmailDELL 2H15 HWwwwn/takeAssignment/takeAssignmentMain.do?inprogress=trueComo un ncum au TheYouTube MapseBookCashInterest ReceivableFeedbackXBond (Held-to-Maturity) InvestmentJournalize the entries to record the following selected bond investment transactions for Marr Products:If an amount box does not require an entry, leave it blank.a. Purchased for cash $60,000 of Hotline Inc. 6% bonds at 100 plus accrued interest of $600.Investments-Hotline Inc. Bonds60,000 ✓600 ✓✓FeedbackA Microsoft account ... Cencage C Chegg.comInterest ReceivableMINInterest Revenueb. Received first semiannual interest payment.Cash 14 ✓CashnichtCheck My WorkEShow Me HowCheck My Worka. Record the investment at face value. Interest that is receivable on the date of purchase must be recorded as well.150 0CengageNOWv2 | Online teachin xSIE HETSeivabu-an-017-TAMBA1.8DENGAOieEXPUR 300✔UND AULACheck My Workb. Record the interest revenue as earned. Bond principal x interest rate x time = Total interest. Remember to consider any receivable on the books.120051Interest RevenueGain on Sale of Investments7777Investments-Hotline Inc. BondsSie sind amVDURANTPrint Item1,800 ✓16-17-18MeSuccess Confirmation of Question XPROTESc. Sold $40,000 of the bonds at 103 plus accrued interest of $460.✓ ✓41,660 ✓✓600 ✔1,200 ✓THE ONE THE INSULE60,600 ✔EasyBib®: Free Bibli...460 ✓1,200 ✓40,000 ✓Northeast Alabama... M GmailW 9All work saved.MapsDELLYa

At the time of maturity of bonds at par, investment in bonds account is credited with the nominal/…

Bond (Held-to-Maturity)Investment Journalize the entries to record the following selected bond investment transactions for Marr Products: If an amount box does not require an entry, leave it blank. D.) Received face value of remaining bonds at their maturity. Cash- Investments- Hotline Inc. Bonds- I just need help with part D, Thanks!

Bond (Held-to-Maturity)Investment Journalize the entries to record the following selected bond investment transactions for Marr Products: If an amount box does not require an entry, leave it blank. D.) Received face value of remaining bonds at their maturity. Cash- Investments- Hotline Inc. Bonds- I just need help with part D, Thanks!

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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Bond (held-to-maturity) investments Journalize the entries to record the following selected held-to-maturity investment transactions for Beacon Trust: If an amount box does not require an entry, leave it blank. a. Purchased for cash $576,000 of Vasquez City 7% bonds at 100 plus accrued interest of $10,080. b. Received first semiannual interest payment. c. Sold $288,000 of the bonds at 99 plus accrued interest of $1,680. d. Received face value of remaining bonds at their maturity.
Mind Tap- Cengage Learning gagenow.com/ilrn/takeAssignment/takeAssignmentMain.do?invoker=&takeAssignmentSessionLocator=&inprogress=false еВook Show Me How E Calculator Entries for Bond (Held-to-Maturity) Investments Instructions Chart of Accounts Journal (X Instructions Bula Investments acquired $245,200 of Effenstein Corp., 5% bonds at their face amount on October 1, 20Y1. The bonds pay interest on October 1 and April 1. On April 1, 20Y2, Bula sold $112,000 of Effenstein Corp. bonds at 101. Required: Journalize the entries to record the following a. The initial acquisition of the Effenstein Corp. bonds on October 1, 20Y1 - b. The adjusting entry for 3 months of accrued interest earned on the Effenstein Corp. bonds on December 31, 20Y1." c. The receipt of semiannual interest on April 1, 20Y2. " d. The sale of $112,000 of Effenstein Corp. bonds on April 1, 20Y2, at 101." e. The receipt of the face value of the remaining bonds at their maturity on October 1, 20Y8.* "Refer to the chart of…
Calculator The journal entry a company records for the issuance of bonds when the contract rate and the market rate are the same is to debit Cash and Discount on Bonds Payable, credit Bonds Payable debit Cash, credit Premium on Bonds Payable and Bonds Payable debit Cash, credit Bonds Payable debit Bonds Payable, credit Cash 4:14 PM
Mecca Energy Corp. issued a convertible bond on 1 August 20X9. The 10-year, 5% $16,000,000 bond pays interest semi-annually each 31 July and 31 January. At maturity, each $1,000 bond is convertible into 120 common shares. The bond was issued for $16,640,000. Market interest rates were approximately 6%. PV of $1, PVA of $1, and PVAD of $1.) (Use appropriate factor(s) from the tables provided.) Required: 1. Provide the journal entry to record the initial issuance of the bond. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field. Round your time value to 5 decimal places and your final answers to the nearest whole dollar.) View transaction list Journal entry worksheet 1 Record the entry for issuance of bonds. Note: Enter debits before credits. Transaction 1 General Journal Debit Credit
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iRequirements 1. Journalize Andersen Brothers's transactions related to the bonds for 2018. 2. Journalize the entry required on the Thomson bonds maturity date. (Assume the last interest payment has already been recorded.) Print Done
Bonds that are made payable to whoever holds them; also called unregistered bonds. The contract between the bond issuer and the bondholder; it identifies the rights and obligations of the parties. Bonds that mature at different dates with the result that the entire debt is repaid gradually over a number of years. An obligation requiring a series of periodic payments to the lender. 1. Installment Note 2. Coupon Bonds Bonds that have interest coupons attached to their certificates; the bondholders detach the coupons when they mature and present them to a bank or broker for 3. Market Rate 4. Bond Indenture 5. Convertible Bonds collection. 6. Bearer Bonds Bonds that can be exchanged by the bondholders for a fixed 7. Term Bonds number of shares of the issuing corporation's common stock. 8. Unsecured Bonds 9. Serial Bonds An accounting protocol that allocates interest 10. Effective Interest Rate Method expense over the life of the bonds in a way that yields a constant rate of interest. The…
Did Delta have to disclose the market value of bonds in financial statements? a. No b. Yes, in footnotes c. Yes, in footnotes and on the face balance sheet d. Yes, but only if they can compute a market value.
2.cengagenow.com/ilm/takeAssignment/takeAssignmentMain.do?invoker3D&takeAssignmentSessionLocator=&inprogress3false eBook Show Me How Calculator Print Item Entries for Issuing Bonds and Amortizing Discount by Straight-Line Method On the first day of its fiscal year, Chin Company issued $18,200,000 of five-year, 9% bonds to finance its operations of producing and selling home improvement products. Interest is payable semiannually. The bonds were issued at a market (effective) interest rate of 11%, resulting in Chin receiving cash of $16,828,145. a. Journalize the entries to record the following: 1. Issuance of the bonds. 2. First semiannual interest payment. The bond discount is combined with the semiannual interest payment. (Round your answer to the nearest dollar.) 3. Second semiannual interest payment. The bond discount is combined with the semiannual interest payment. (Round your answer to the nearest dollar.) If an amount box does not require an entry, leave it blank. Round your…
Consider the relative liquidity of the following assets: Assets 1. A bond issued by a publicly traded company 2. The funds in a money market account 3. A $20 bill 4. Your truck Select the assets in order o Most Liquid Second-Most Liquid Third-Most Liquid Least Liquid Bond 520.00 bill Truck Funds held in a money market account quid.