Eddie Industries issues $829,000 of 8% bonds at 105. The amount of cash received from the sale is a.$804,130 b.$829,000 c.$895,320 d.$870,450

Q: ddie Industries issues $950,000 of 8% bonds at 103. The amount of cash received from the sale is…

A: In the given question, Bonds having face value of $ 950,000 are issued at 103. It implies that…

Q: If $449,000 of 10% bonds are issued at 97, the amount of cash received from the sale is a.…

A: The question is asking us to calculate the amount of cash received from the sale of bonds. The bonds…

Q: The Reagan Corporation issues 1,000, 10-year, 8%, $1,000 bonds dated January 1, 2014, at 92. The…

A: JOURNAL ENTRIES   Journal Entry is the First stage of Accounting Process. Journal Entry is the…

Q: A company reported that its bonds with a par value of $50,000 and a carrying value of $64,000 are…

A: Cash flows from financing activities would be an outflow as a result of cash flow from retired…

Q: Haven Corporation issued $700,000 of 10-year bonds payable at par in Year 1. During Year 5, Haven…

A: Cash flow statement :— It is one of the financial statements that shows change in cash and cash…

Q: 12. On 1/1/21, AB Company sold $100,000, 10%, 10 year bonds at 96. Complete the entries for the bond…

A: Bonds are considered a financial instrument used to raise finance for the organization. It is also…

Q: Lion Corp issued a 10%, $400,000, 8-year bonds at 104. The entry to record the issuance of the bonds…

A: Journal Entry :— It is an act of recording transaction in books of account when transaction…

Q: If $522,000 of 8% bonds are issued at 94, the amount of cash received from the sale is:

A: Bonds price is indicated as a percentage of par value and par value is assumed at 100. So price…

Q: If $800,000 of 11% bonds are issued at 102 3/4, the amount of cash received from the sale is Oa.…

A: Given, Bonds = $800,000 of 11% Rate = 102 3/4 = 102.75%

Q: Purchased for cash $200,000 of Jakob, Inc. 9% bonds at 100 plus accrued interest of $3,000. DATE…

A: 1. When bonds are purchased, then it may happen that bonds purchase date and interest due date are…

Q: Purchased for cash $130,000 of Jackson, Inc. 10% bonds at 100 plus accrued interest of $3,000. DATE…

A: The conditions are given as, a)Purchased for $130,000, Inc. 10% bonds at 100 with accrued interest…

Q: Purchased for cash $200,000 of Jakob, Inc. 9% bonds at 100 plus accrued interest of $3,000. DATE…

A: The bonds was purchased at 100 means the bond was purchased at is face value i.e. $100, neither at…

Q: If $1,093,000 of 8% bonds are issued at 102 3/4, the amount of cash received from the sale is

A: Given that  $1093000 of 8% Bonds issued at 102 3/4

Q: If $449,000 of 10% bonds are issued at 97, the amount of cash received from the sale is a.…

A: The question is asking us to calculate the amount of cash received from the sale of bonds. The bonds…

Q: Make a journal entry to record the issuance of a bond with a face amount of $1,000,000 sold at 98.

A: Bonds are considered a financial instrument used to raise finance for the organization. It is also…

Q: Sheridan Co. purchased 94,7% Carla Vista Company bonds for $94000 cash. Interest is payable annually…

A: An investor who makes a debt investment lends money to a company or project sponsor, expecting the…

Q: If $1,140,000 of 12% bonds are issued at 102 3/4, the amount of cash received from the sale is…

A:

Q: Assume that on January 1, First Union Co. purchases for cash a $400,000 of Medford City 5% bond at…

A: Total cash paid for investment = Bonds + Accrued interest = $400,000 + $4,500 = $404,500

Q: If $699,000 of 7% bonds are issued at 94, the amount of cash received from the sale is

A: Bonds are considered a financial instrument used to raise finance for the organization. It is also…

Q: 17. Alvin Jackson Co. issued $10,000 of bonds on January 1, 2021. The bonds pay interest…

A: As per US GAAP, Interest on financial Liability is to be booked using the amortized cost method,…

Q: Your company sells $41,000 of one-year, 12% bonds for an issue price of $39,500. The journal entry…

A: Discount on bonds = Face value - issue price = $41,000 - $39,500 = $1,500

Q: If $467,000 of 7% bonds are issued at 98, the amount of cash received from the sale is a.…

A: The question is asking us to calculate the amount of cash received from the sale of bonds. The bonds…

Q: If $317,000 of 10% bonds are issued at 96, the amount of cash received from the sale is a.$285,300…

A: Bond is an instrument which helps the entity in getting money from public or from some other private…

Q: If $4,000,000 of 12% bonds are issued at 103 1/4, the amount of cash received from the sale is:

A: Number of bonds=Par value of bondsPer share value=$4,000,000$100=40,000

Q: If $1,178,000 of 10% bonds are issued at 102 3/4, the amount of cash received from the sale is a.…

A: The question is asking us to calculate the amount of cash received from the sale of bonds. The bonds…

Q: Eddie Industries issues $903,000 of 8% bonds at 103. The amount of cash received from the sale is…

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

Q: Eddie Industries issues $834,000 of 8% bonds at 105, The amount of cash received from the sale is a.…

A:

Q: If $310,000 of 7% bonds are issued at 97, the amount of cash received from the sale is a.$331,700…

A: Cash received from the sale of the bonds = Face value of the bonds - Discount on bonds where,…

Q: Accounting on 7/2/Y1 Loch Ness, Inc. purchased 50 of the $1,000 face bonds issued by EBerry Corp.…

A: Investment- Investment is defined as the purchase of an asset in order to generate income or capital…

Q: If $323,000 of 10% bonds are issued at 96, the amount of cash received from the sale is a.$310,080…

A: please ,like the answer your response matters  Amount received from sale = $323,000 x 96%

Q: Crane Co. purchased 90, 6% Blossom Company bonds for $90000 cash. Interest is payable annually on…

A: The original purchase was for 90 bonds at $90,000, so each bond was purchased for $1,000 ($90,000 /…

Q: Augusta Company reported that Its bonds with a face value of $62,000 and a carrylng value of $56,000…

A: Cash flow only includes cash activities and and a loss on retirement of bonds is a noncash activity.…

Q: If $381,000 of 9% bonds are issued at 97, the amount of cash received from the sale is a.$381,000…

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

Q: 6. MC.11.166 If $1,000,000 of 8% bonds are issued at 98 1/2, the amount of cash received from the…

A: In this numerical has covered the concept of Bond Payable .