Diana Inc. issued $350,000 of its 7%, 5-year bonds for $335,816 when the market rate was 8%. The bonds pay interest semi-annually. Prepare an amortization table for the first three payments. Round intermediate and final answers to whole dollar amount.   Cash Interest Payment Interest on Carrying Value Amortization of Discount Carrying Value Jan. 1, Year 1               $fill in the blank 1 June 30, Year 1 $fill in the blank 2      $fill in the blank 3      $fill in the blank 4      fill in the blank 5 Dec. 31, Year 1 fill in the blank 6      fill in the blank 7      fill in the blank 8      fill in the blank 9 June 30, Year 2 fill in the blank 10

Q: < On December 31, 2024, when the market interest rate is 12%, McCann Realty issues $900,000 of 13 25…

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A: Bond amortization table is a table prepared by company which shows the amount of interest expenses,…

Q: On the first day of the fiscal year, a company issues a $968,000, 8%, 10-year bond that pays…

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Q: 2. On January 1, a company issued and sold a $409,000, 6%, 10-year bond payable, and received…

A: Face value of bonds$409,000Less: Proceed received on issuance of bonds$404,000Discount on bonds…

Q: Prepare an amortization table showing the principal and interest in each payment.

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Q: On January 1, a company issues $500,000, 5-year, 12% bonds at 96 with interest payable on January 1.…

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Q: On January 1, a company issued 3%, 20-year bonds with a fac semiannually. What was the interest…

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Q: Blossom Company issues $3.2 million, 10-year, 9% bonds at 96, with interest payable on December 31.…

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Q: bok int Knowledge Check 01 On January 1, Year 1, McClurg Corporation issues 5%, 11-year bonds with a…

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Q: On January 1, a company issued 4%, 10-year bonds with a face amount of $75 million for $63,842,205…

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A: Journal entry to record first cash payment to bondholders:

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Q: On January 1, Year 1, Willette Company sold $240,000 of 6% ten-year bonds. Interest is payable…

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Q: Diana Inc. issued $300,000 of its 7%, 5-year bonds for $287,844 when the market rate was 8%. The…

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Q: None

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Q: X Corporation borrowed money by issuing $1,000,000 of bonds at 102 on January 1, 2022. The bonds pay…

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A: Introduction:- A journal entry is an act of recording or keeping track of any financial or…

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A: Bond premium refers to the excess price received for a bond issued over and above its face value.

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Q: The Melon Company issues $500,000 of 8%, 10-year bonds at 104 on March 31, Year 1. The bonds pay…

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Conversion Cycle

Conversion cycle is also known as cash cycle or net operating cycle. Conversion cycle refers to how much time a company takes to turn its investments which is done from stock or any other financial resources into cash flows from sales.