Data related to a bond issued by Roxon enterprises is given below: Interest expense on bond Increase in interest payable on bond Decrease in discount on bond $800,000 $8,000 $2,000 Cash paid for interest on bond is: a. $790,000

Q: Bonds Payable has a balance of $952,000 and Premium on Bonds Payable has a balance of $10,472. If…

A: Redemption value of Bonds = $952,000 * 102% Redemption value of Bonds = $971,040   Premium on Bonds…

Q: Bonds Payable has a balance of $1,137,000 and Discount on Bonds Payable has a balance of $13,644. If…

A: Bonds: Bonds is a long-term liability of a company where it has to repay the principal amount  along…

Q: Bonds Payable has a balance of $900,000 and Premium on Bonds Payable has a balance of $10,000.  If…

A: Redemption of Bonds: The process of repaying the sale amount of bonds to bondholders at the time of…

Q: A company received cash proceeds of $206,948 on a bond issue with a par value of $200,000. The…

A: Cash proceeds = $206,948 Par value = $200,000 Premium = 206,948-200,000 = $6,948

Q: Bonds Payable has a balance of $802,000 and Discount on Bonds Payable has a balance of $9,624. If…

A: The objective of this question is to calculate the gain or loss on redemption of bonds. The company…

Q: A company issues bonds with a face value of $5,000,000 and receives cash proceeds of $5,500,000 from…

A: Journal entries are prepared to record the financial and non financial transactions of the business…

Q: What is the bonds' ANNUAL market rate of interest? % How much total CASH will the company pay for…

A: Bonds payable: It is a long term liability to the organization issuing it. It is issued to raise…

Q: If the Bonds Payable account has a balance of $700,000 and the Discount on Bonds Payable account has…

A: BOND Bond is a Financial Security which is Generally Issued by the Corporations, Government &…

Q: The balance in the Bonds Payable account is a credit of $67,000. The balance in the Discount on…

A: Bond's carrying amount = Bonds payable - Discount on bond payables…

Q: balance of $1,000,000 and Discount on Bonds Payable has a balance of $10,000. If the issuing…

A: Answer : Bonds payable balance = $1,000,000 Discount on bonds payable = $10,000

Q: If bond interest expense is $800,000, bond interest payable increased by $8,000 and bond discount…

A: Solution: Cash paid for bond interest = Bond interest expense - Increase in bond payable - Decrease…

Q: Bonds Payable has a balance of $1,005,000 and Discount on Bonds Payable has a balance of $10,050. If…

A: Bonds: Bonds are long-term promissory notes that are represented by a company while borrowing money…

Q: A$1,000,000 bond is issued on 7/1. The transaction is recorded on 7/1 by the UCF Bicycle Vending…

A: Bonds: Bonds are long-term promissory notes that are issued by a company while borrowing money from…

Q: Bonds Payable has a balance of $951,000 and Discount on Bonds Payable has a balance of $11,412. If…

A: Introduction:- The following basic information as follows under:- Bonds Payable has a balance of…

Q: Bonds Pavable has a balance of $1.184.000 and Discount on Bonds Payable has a balance of $11.840. If…

A: Let’s assume the par value is $100 Total number of bonds issued would be : $11,84,000 / $100 i.e…

Q: Journalize the redemption of the bonds

A: Redemption of bond means discharging the liability of bond by paying off it in cash or cash…

Q: Koby Company issued $300,000 of bonds for $325,000. a. Determine the financial statement effect of…

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

Q: A $540,000 bond issue on which there is an unamortized discount of $35,000 is redeemed for $465,000.…

A: General Journal Debit Credit Bonds Payable $540,000   Discount on Bonds Payable   $35,000 Gain…

Q: Bonds Payable has a balance of $1,000,000 and Discount on Bonds Payable has a balance of $12,500. If…

A: Bonds means an instrument issued by company acknowledging the debt due from company to bond holder.…

Q: Bonds Payable has a balance of $1,091,000 and Discount on Bonds Payable has a balance of $13,092. If…

A: Step 1: Calculate the carrying amount of bonds payable on the redemption rate.

Q: A $291,000 bond was redeemed at 98 when the carrying amount of the bond was $286,635. What amount of…

A: Bonds are kind of loan taken which is paid after certain period of time. Face value of bonds…

Q: Accounting Bonds Payable has a balance of $957,000 and Discount on Bonds Payable has a balance of…

A: Where Bonds are issued at a price lower than it's face value, there arises a discount/loss on issue.…

Q: An $800,000 bond issue on which there is an unamortized premium of $57,000 is redeemed for $785,000.…

A: Given: Bond payable $800,000; Unamortized premium $57,000; and proceeds from redemption of bond is…

Q: Mission Furniture issued $500,000 in bonds payable at par. The journal entry to record asemiannual…

A: Correct answer is d Interest payment on bond is recorded as follows.  Interest expenses Dr.  Cash…

Q: A company issued $93,000 bonds at 108. If the total interest payments during the term of the bond…

A: The interest expense over the bond term is calculated as total interest payments less bond premium.…

Q: If the bonds payable account has a balance of $900,000 and the discount on bonds payable account has…

A: The correct option is A.$828,000 Please see the next step for the solution

Q: Compute the cash proceeds from bond issues under the following terms. For each case, indicate…

A: Solution: Computation of cash proceeds from bond and same is issued on discount or premium is as…