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.) 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.) \table[[,, \table[[Cash], [Proceeds]], \table[[Discount or], [Premium]]], [a., Pear, Inc. issued $190,000 of 10-year,8 percent bonds at 103., Premium,], [b., Apple, Inc. issued $92,000 of five-year, 12 percent bonds at 99.,, Discount], [c., Cherry Co. issued $196,000 of five-year, 6 percent bonds at 1031/4., Premium,], [d., Grape, Inc. issued $39,000 of four-year, 8 percent bonds at 99.00., Discount,]] 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.) a. Pear, Inc. issued $190,000 of 10-year, 8 percent bonds at 103. b. Apple, Inc. issued $92,000 of five-year, 12 percent bonds at 99. C. Cherry Co. issued $196,000 of five-year, 6 percent bonds at 103 1/4. d. Grape, Inc. issued $39,000 of four-year, 8 percent bonds at 99.00. Cash Proceeds Discount or Premium Premium Discount Premium Discount Check my v
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.) 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.) \table[[,, \table[[Cash], [Proceeds]], \table[[Discount or], [Premium]]], [a., Pear, Inc. issued $190,000 of 10-year,8 percent bonds at 103., Premium,], [b., Apple, Inc. issued $92,000 of five-year, 12 percent bonds at 99.,, Discount], [c., Cherry Co. issued $196,000 of five-year, 6 percent bonds at 1031/4., Premium,], [d., Grape, Inc. issued $39,000 of four-year, 8 percent bonds at 99.00., Discount,]] 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.) a. Pear, Inc. issued $190,000 of 10-year, 8 percent bonds at 103. b. Apple, Inc. issued $92,000 of five-year, 12 percent bonds at 99. C. Cherry Co. issued $196,000 of five-year, 6 percent bonds at 103 1/4. d. Grape, Inc. issued $39,000 of four-year, 8 percent bonds at 99.00. Cash Proceeds Discount or Premium Premium Discount Premium Discount Check my v
Chapter13: Long-term Liabilities
Section: Chapter Questions
Problem 9Q: What kind of account is the Discount on Bonds Payable? What kind of account is the Premium on Bonds...
Related questions
Question
100%
![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.) 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.) \table[[,, \table[[Cash], [Proceeds]], \table[[Discount or], [Premium]]], [a., Pear, Inc.
issued $190,000 of 10-year,8 percent bonds at 103., Premium,], [b., Apple, Inc. issued $92,000 of five-year, 12 percent
bonds at 99.,, Discount], [c., Cherry Co. issued $196,000 of five-year, 6 percent bonds at 1031/4., Premium,], [d.,
Grape, Inc. issued $39,000 of four-year, 8 percent bonds at 99.00., Discount,]]
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.)
a. Pear, Inc. issued $190,000 of 10-year, 8 percent bonds at 103.
b.
Apple, Inc. issued $92,000 of five-year, 12 percent bonds at 99.
C.
Cherry Co. issued $196,000 of five-year, 6 percent bonds at 103 1/4.
d. Grape, Inc. issued $39,000 of four-year, 8 percent bonds at 99.00.
Cash
Proceeds
Discount or
Premium
Premium
Discount
Premium
Discount
Check my v](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F3721917f-a54d-4037-a8c0-0d4437a93ffd%2F0d6a8afa-55e2-44a8-8053-084b1a1f2acc%2F480esak_processed.jpeg&w=3840&q=75)
Transcribed Image Text: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.) 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.) \table[[,, \table[[Cash], [Proceeds]], \table[[Discount or], [Premium]]], [a., Pear, Inc.
issued $190,000 of 10-year,8 percent bonds at 103., Premium,], [b., Apple, Inc. issued $92,000 of five-year, 12 percent
bonds at 99.,, Discount], [c., Cherry Co. issued $196,000 of five-year, 6 percent bonds at 1031/4., Premium,], [d.,
Grape, Inc. issued $39,000 of four-year, 8 percent bonds at 99.00., Discount,]]
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.)
a. Pear, Inc. issued $190,000 of 10-year, 8 percent bonds at 103.
b.
Apple, Inc. issued $92,000 of five-year, 12 percent bonds at 99.
C.
Cherry Co. issued $196,000 of five-year, 6 percent bonds at 103 1/4.
d. Grape, Inc. issued $39,000 of four-year, 8 percent bonds at 99.00.
Cash
Proceeds
Discount or
Premium
Premium
Discount
Premium
Discount
Check my v
Expert Solution
This question has been solved!
Explore an expertly crafted, step-by-step solution for a thorough understanding of key concepts.
Step by step
Solved in 2 steps
Recommended textbooks for you
Principles of Accounting Volume 1
Accounting
ISBN:
9781947172685
Author:
OpenStax
Publisher:
OpenStax College
College Accounting, Chapters 1-27
Accounting
ISBN:
9781337794756
Author:
HEINTZ, James A.
Publisher:
Cengage Learning,
Principles of Accounting Volume 1
Accounting
ISBN:
9781947172685
Author:
OpenStax
Publisher:
OpenStax College
College Accounting, Chapters 1-27
Accounting
ISBN:
9781337794756
Author:
HEINTZ, James A.
Publisher:
Cengage Learning,