Chapters 10 and 11 HOMEWORK XCengageNOWv2| Online teachin xXhttps://v2.cengagenow.com/ilrn/takeAssignment/takeAssignmentMain.do?invoker=&takeAssignmentSessionLocator=&inprogres.Chapters 10 and 11еBookShow Me HoWPrint ItemIssuing Bonds at a DiscountOn the first day of the fiscal year, a company issues a $4,500,000, 10%, 9-year bond that pays semiannual interest of $225,000 ($4,500,000 x 10% x ½), receiving cash of $3,795,809.Journalize the bond issuance. If an amount box does not require an entry, leave it blank.5:20 PM2 Type here to searchN82°F9/25/20212+

A journal entry is used to record day-to-day business operations by debiting and crediting…

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College Accounting, Chapters 1-27

23rd Edition

ISBN:9781337794756

Author:HEINTZ, James A.

Publisher:HEINTZ, James A.

Chapter22: Corporations: Bonds

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how do I find premium bonds payable?
what would be the discount on bonds payable?
How do I journalize the bonds at face amount?
Chap 9 Q.2
CengageNOWv2 | Online teachin X Irn/takeAssignment/takeAssignment Main.do?invoker=&takeAssignmentSession Locator=&inprogress=false Institution Page eBook Cash Cengage Learning Discount on Bonds Payable - V Bonds Payable Feedback Check My Work Show Me How Issuing Bonds at a Discount On the first day of the fiscal year, a company issues a $4,200,000, 10%, five-year bond that pays semiannual interest of $210,000 ($4,200,000 x 10 % x %), receiving cash of $4,041,710. Journalize the entry to record the issuance of the bonds. If an amount box does not require an entry, leave it blank. O 0 x + M Print Item V Oct 4 3:27 0 口 X
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Chap 11. Q.5
engageNOWv2 | Online teach X Active Learning Monopoly - Yo takeAssignment/takeAssignmentMain.do?invoker=&takeAssignmentSession Locator=&inprogress-false Institution Page < Cash Journalize the bond issuance. If an amount box does not require an entry, leave it blank. 88 ✓ Premium on Bonds Payable Bonds Payable Issuing Bonds at a Premium On the first day of the fiscal year, a company issues a $5,300,000, 8% , five-year bond that pays semiannual interest of $212,000 ($5,300,000 x 8% x %), receiving cash of $5,520,390. Feedback Check My Work C ✓ X Z O RAI MindTap-Cengage Learning Check My Work Bonds Payable is always recorded at face value. Any difference in issue price is reflected in a premium or discount account. ASUS Oll X + ES Previous Next Oct 8 ★口 7:57 0
E12A-30 Determining the present value of bonds payable Learning Objective 7 Appendix 12A L 2. Present Value $77,594 Interest rates determine the present value of future amounts. (Round to the nearest dollar.) Requirements 1. Determine the present value of 10-year bonds payable with face value of $86,000 and stated interest rate of 14%, paid semiannually. The market rate of interest is 14% at issuance. 2. Same bonds payable as in Requirement 1, but the market interest rate is 16%. 3. Same bonds payable as in Requirement 1, but the market interest rate is 12%.
mapter 8 Quiz i 4 In January 2021, Summit Department Store sells a gift card for $50 and receives cash. In February, 2021, the customer comes back and spends $20 of the gift card to purchase a water bottle. What would be the appropriate journal entry for the sale of the gift card in January? x Mc Graw Hill Multiple Choice n schedule for the bonds https://play.goo Calculator Debit Cash, $50; credit Sales Revenue, $50. Debit Cash, $50; credit Deferred Revenue, $50. Debit Sales Revenue, $20; credit Cash, $20. No journal entry is necessary. A 100 Highlight All 80 63 JUL 1 10 Match Case Match Diacritics 6 000 MacBook Air F6 → JA F7 DII FB DD F9 F10 (1)
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