Sunland Company received proceeds of $533000 on 10-year, 8% bonds issued on January 1, 2019. The bonds had a face value of$500000, pay interest annually on December 31, and have a call price of 102. Sunland uses the straight-line method of amortization.What is the amount of interest Sunland must pay the bondholders in 2019?O $40800O $42640O $40000O $4264 Five thousand bonds with a face value of $1000 each, are sold at 91. The entry to record the issuance isOCashPremium on Bonds PayableBonds PayableCashDiscount on Bonds PayableBonds PayableCashDiscount on Bonds PayableBonds PayableCashBonds Payable45500005000000455000045000045500004500005000000450000455000050000004550000

Bond interest is a monthly payment provided to bondholders by a bond issuer as compensation for…

Five thousand bonds with a face value of $1000 each, are sold at 91. The entry to record the issuance is O O Cash Premium on Bonds Payable Bonds Payable Cash Discount on Bonds Payable Bonds Payable Cash Discount on Bonds Payable Bonds Payable O Cash Bonds Payable 4550000 5000000 4550000 450000 4550000 450000 5000000 450000 4550000 5000000 4550000

Five thousand bonds with a face value of $1000 each, are sold at 91. The entry to record the issuance is O O Cash Premium on Bonds Payable Bonds Payable Cash Discount on Bonds Payable Bonds Payable Cash Discount on Bonds Payable Bonds Payable O Cash Bonds Payable 4550000 5000000 4550000 450000 4550000 450000 5000000 450000 4550000 5000000 4550000

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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If $510,000 of 8% bonds are issued at 94, the amount of cash received from the sale is a.$479,400 b.$510,000 c.$469,200 d.$550,800
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Please show your work.
A9
If $2,000,000 of 10% bonds are issued at 97, the amount of cash received from the sale is a. $2,100,000 b. $1,940,000 c. $2,060,000 d. $2,000,000
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The Colson Company issued $300,000 bonds at 103 on January 1, 2017. The bonds are due January 1, 2022, with interest payable each July 1, and January 1. The Colson Company records Straight Line amortization semiannually Prepare Colson's Journal entry for January 1 issue of bonds O Cash Premium on Bonds Payable Bonds Payable $309 000 $9.000 $300.000 O Cash $291.000 Premium on Bonds Payable $9.000 Bonds Payable O Cash Discount on Bonds Payable $9,000 Bonds Payable O Bonds Payable Premium on Bonds Payable $9.000 Cash S300 000 $291.000 $300.000 $291 000 $300.000
Five thousand bonds with a face value of $2000 each, are sold at 89. The entry to record the issuance is Cash 8900000 Premium on Bonds Payable 1100000 Bonds Payable 10000000 Cash 8900000 Bonds Payable 8900000 Cash 10000000 Discount on Bonds Payable 1100000 Bonds Payable 8900000 Cash 8900000 Discount on Bonds Payable 1100000 Bonds Payable 10000000
33. Help me selecting the right answer. Thank you