Bonita Industries issues $30900000 of 10-year, 7% bonds on March 1, 2020, at 96 plus accrued interest. The bonds are dated January 1, 2020, and pay interest on June 30 and December 31. What is the total cash received on the issue date?     $29664000   $30925750   $30024500   $29124500

Q: A company issues $14900000, 5.8%, 20-year bonds to yield 6% on January 1, 2019. Interest is paid on…

A: Bonds are a form of loan or debt that is taken by the business. When bonds are being sold at a value…

Q: Help Seve & E On January 1, 2021, Lambda, Inc. issued ten-year bonds with a face value of $1.000.000…

A: Par Value of the bonds = $1,000,000 Semi-annual Interest payment = 1,000,000 x 8% ÷ 2…

Q: The following amortization and interest schedule reflects the issuance of 10-year bonds by Wildhorse…

A: The bonds are the financial instruments that are issued to raise money from the market or investors.…

Q: Discount-Mart issues $12 million in bonds on January 1, 2024. The bonds have a nine-year term and…

A: Bonds are the securities which are issued by the entities in order to raise capital for the…

Q: $25050000, 7.8%, 20-year bonds to yield 8% on January 1, 2024. Interest is paid on June 30 and…

A: The cost of borrowing money or utilizing credit, represented as interest costs, is the compensation…

Q: Compute the issue price of the bonds of Pluto corp issues P560,000 of 9% bonds, due in 9 years, with…

A: Note: Since you have asked multiple questions, we will solve the first question for you. If you want…

Q: Ivanhoe Company issues $24300000, 8.0%, 5-year bonds dated January 1, 2024 on January 1, 2024. The…

A: The bonds are the long-term liabilities that are issued to raise the money from the market orThe…

Q: E-Tech Initiatives Limited plans to issue $450,000, 10-year, 5 percent bonds. Interest is payable…

A: please like the answer your response matters  Long term Liabilities:   Bonds Payable $450,000…

Q: Concord Corporation issues 10, 10- year, 8%, $1000 bonds dated January 1, 2020, at 98. The journal…

A: Bonds worth $1000 are issued at 98% of face value. This means 2% is a discount. Concord corporation…

Q: Calculate the capitalization interest rate.

A: Capitalization rate is measured by the company which is the flat over applicable on all debts of…

Q: company issues $25,000,000, 7.8%, 20-year bonds to yield (market) 8% on January 1, 2020. Interest is…

A: Here the bonds having coupon rate 7.8% are issued to yield at 8%  Thus represents that bonds are…

Q: Discount-Mart issues $16 milion in bonds on January 1, 2021 The bonds have a nine-year term and pay…

A: The interest expense is recorded in the income statement and deducted from the revenues. The net…

Q: Discount-Mart issues $15 million in bonds on January 1, 2024. The bonds have a ten-year term and pay…

A: Cost which is incurred for funds borrowed by entity is referred to as interest expense. To put it…

Q: The following amortization and interest schedule reflects the issuance of 10-year bonds by Sheridan…

A: A bond is issued at par value (or face value), at a discount, or at a premium. The interest expense…

Q: Dok int ences E-Tech Initiatives Limited plans to issue $640,000, 10-year, 6.50 percent bonds.…

A: Issuing bonds at a premium occurs when a company sells its bonds to investors at a price exceeding…

Q: Vaughn Manufacturing issues $5130000, 6%, 5-year bonds dated January 1, 2020 on January 1, 2020. The…

A: The question is based on the concept of Financial Management.

Q: Hillside issues $4,000,000 of 6%, 15-year bonds dated January 1, 2019, that pay interest…

A: The question is based on the concept of the issue of securities. As per Bartleby guidelines we are…

Q: One June 30,2020, Pronghorn Company issued $4,470,000 face value of 14%, 20 year bonds at $5142560,…

A: The bonds are the financial instruments that are issued to raise money from the market. The bonds…

Q: E-Tech Initiatives Limited plans to issue $400,000, 10-year, 4 percent bonds. Interest is payable…

A: Carrying value is an accounting measure of value in which the value of an asset or company is based…

Q: Crane Company issues $25300000, 8.0%, 5-year bonds dated January 1, 2024 on January 1, 2024. The…

A: The bonds are the long-term liabilities that are issued to raise the money from the market orThe…

Q: E-Tech Initiatives Limited plans to issue $500,000, 10-year, 4 percent bonds. Interest is payable…

A: Number of bonds=Total valuePar value=$500,000$100=5,000

Q: A company issues $255 5.8%, 20 year bonds to yield 6% on January 1, 2024. Interest is paid on June…

A: Bond :— It is one of the type of securities that pays fixed periodic interest and face value at the…

Q: E-Tech Initiatives Limited plans to issue $550,000, 10-year, 3 percent bonds. Interest is payable…

A: The bonds have a face value of $500,000 and are issued at 95% of the face value.Issue Price = Face…

Q: E-Tech Initiatives Limited plans to issue $400,000, 10-year, 4 percent bonds. Interest is payable…

A: Carrying value is an accounting measure of value in which the value of an asset or company is based…

Q: Crane Company issues $5040000, 7%, 5-year bonds dated January 1, 2020 on January 1, 2020. The bonds…

A: Proceeds from bond is the Present Value of the Bond. Present value of Bond is the present value of…

Q: Hillside issues $1,900,000 of 5%, 15-year bonds dated January 1, 2019, that pay interest…

A: Face value of bond = $ 1,900,000                             Issue price of bond = $ 1,641,812…

Q: Sunland Corporation issues 5600, 10-year, 10%, $1000 bonds dated January 1, 2027, at 101. The…

A: The bonds are issued to raise the money from the market or investors. The bonds are issued at the…

Q: On January 1, 2020, Marigold Corp. issued $5100000, 10-year, 4% bonds at 102. Interest is payable…

A: When a bond is issued at premium, the amount received excess of fair value should be recorded under…

Q: Ayayai Company issues $ 17300000, 9.80%, 20-year bonds to yield 10% on January 1,2025. Interest is…

A:

Q: e. On the basis of the schedule above, prepare the journal entry or entries to record the bond…

A: Please find the required journal entries based on the amortization table provided in the question in…

Q: On January 1, 2019, Company X issued $550,000 of twenty-year bonds when a market rate was 2%. The…

A: The carrying value of a bond refers to the face value plus any unamortized premium or minus any…

Q: Crane Company issues $26400000, 8.0%, 5-year bonds dated January 1, 2024 on January 1, 2024. The…

A: Time Value of Money :— According to this concept, value of money in present day is greater than the…

Q: On January 1, 2020, Sheffield Corp. issued $4500000, 10-year, 4% bonds at 102. Interest is payable…

A: The journal entries are prepared to record the transactions on a regular basis. The bonds are issued…