he entry to record the redemption would include a

Q: A $294,000 bond was redeemed at 104 when the carrying value of the bond was $349,000. The entry to…

A: Par value of the bond = $294,000 Redemption value = $294,000 * 104% = $305.760 Carrying value of the…

Q: A $540,000 bond issue on which there is an unamortized discount of $45,000 is redeemed for $446,000.…

A: When bonds were issued on discount, company receives the face value less discount amount

Q: A $300,000 bond was redeemed at 98 when the carrying amount of the bond was $292,000. The entry to…

A: Option b is the correct option.

Q: A $276,000 bond was redeemed at 98 when the carrying amount of the bond was $271,860. What amount of…

A: When a bond is redeemed, the difference between carrying value and redemption value.

Q: A $505,000 bond issue on which there is an unamoritizer discount of $37,000 is redeemed for…

A: As we know that the term redemption has various utilizations in the money and business world,…

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 $1,200,000 and Premium on Bonds Payable has a balance of $18,750. If…

A:

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 $490,000 bond issue on which there is an unamortized discount of $33,000 is redeemed for $472,000.…

A: Journal Entry:   Journal entry has two effects for every transaction. The journal entry is passed by…

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

A: Accounting's goals include keeping a systematic record of all financial transactions in a book of…

Q: A $500,000 bond issue on which there is an unamortized discount of $50,000 is redeemed for $475,000.…

A: Given Information:  Issue of bonds = $500,000 Unamortized discount = $50,000 Redeemed for = $475,000

Q: A $296,000 bond was redeemed at 103 when the carrying amount of the bond was $307,544. The entry to…

A: Solution: Redemption amount of bond = $296,000*103% = $304,880 Carrying amount of bond = $307,544

Q: A $300K bond was redeemed at 98 when the carrying value of the bond was $292K.  The Journal entry…

A: Gain (Loss) om redemption of bonds = Carrying value of bonds - Redemption value of bonds = $292,000…

Q: A $500,000 bond issue on which there is an unamortized discount of $34,000 is redeemed for $473,000.…

A: Journal Entry: Journal entry is the act of keeping records of transactions in an accounting journal.…

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: A $276,000 bond was redeemed at 98 when the carrying amount of the bond was $269,100. The entry to…

A: Solution:- Introduction:- The following data given as follows:- Bond = $276,000 redeemed at = 98…

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: A $294,000 bond was redeemed at 98 when the carrying amount of the bond was $286,650. The entry to…

A: Proceeds from redemption  = $294,000 * 98/100 = $288,120

Q: A $288,000 bond was redeemed at 98 when the carrying amount of the bond was $280,800. The entry to…

A: Lets understand the basics. For calculating gain/loss on redemption of carrying value of bond, we…

Q: A bond has a face value of $100,000 and a price of $90,000. The journal entry at the date of…

A: Solution...   Face value = $100,000  Issue price = $90,000

Q: Redemption of Bonds Payable A $950,000 bond issue on which there is an unamortized premium of…

A: Bonds payable $950,000 Unamortized premium $78,000 Cash paid $802,000

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: 3. If bonds are issued at 101.25, this means that a.a $1,000 bond sold for $1,012.50. b.the bonds…

A: If a bond is issued more than 100, then it is called as premium. This bond is issued at premium,…

Q: A $375,000 bond issue on which there is an unamortized discount of $40,000 is redeemed for $320,000.…

A: Journal entry: Journal entry is a set of economic events which can be measured in monetary terms.…

Q: Issuance of Long-Term Debt Anne Corp. issued $366,000, 5% bonds. Required: Provide the necessary…

A:

Q: A $278,000 bond was redeemed at 98 when the carrying amount of the bond was $273,830. The entry to…

A: Given data:  Value of Bond: $278,000 Carrying amount of bond : $273,830 Redeemed at 98   If the…

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: Smith Corporation issues $1,800,000, 10-year, 9% bonds payable at a price of 98. The journal entry…

A: The bonds payable are reported as the long-term liabilities. The bonds are issued to raise the money…

Q: A $1,900,000 bond issue on which there is an unamortized premium of $101,264 is redeemed for…

A:

Q: If bonds of $1,000,000 with unamortized discount of $10,000 are redeemed at 98, the gain on…

A: >Bonds Payable are the source of finance for the companies.   >The bondholders are…

Q: A company received cash proceeds of $426,525 on a bond issue with a par value of $400,000. The…

A: Bond is a financial instrument issued by a company in order to raise funds. In exchange for funds,…

Q: A $515,000 bond issue on which there is an unamortized discount of $41,000 is redeemed for $473,000.…

A: Given that: Bond value = $515000 Unamortised discount = $41000 Redemption value = $473000

Q: Campbell, Inc. produces and sells outdoor equipment. On July 1, 20Y1, Campbell issued $40,000,000 of…

A: BOND Bond is a Financial Securities which is Generally Issued by the Corporation's, Government…

Q: A $940,000 bond issue on which there is an unamortized premium of $68,000 is redeemed for $761,000.…

A: Loss on redemption of bonds = Face value of bonds + Unamortized Premium on Bonds Payable - Cash paid…

Q: Assume a $500,000 face value bond is retired early for 98% of face value. At the time of early…

A: The bonds refer to a debt instrument. It is generally issued by government entities or corporations.…

Q: A $1,000 bond quoted at 98 could be purchased or sold for a. $980. b. $1,098. c. $1,000. Od. between…

A: Face Value = fv = $1000Quoted Price = qp = 98

Q: A Redemption of bonds payable  A $1,500,000 bond issue on which there is an unaumortized discount of…

A: All the transactions of the company that are happened during the year will be recorded first in the…

Q: On 28 February 20X8, 20% of the bond was retired for $1,232,000 plus accrued interest to 28…

A: Loss on redemption of bonds = Total amount paid - Face value of bonds retired - Unamortized Premium…

Q: Redemption of bonds payable A $2,000,000 bond issue on which there is an unamortized premium of…

A: Bond redemption is the process by which a bond issuer repays the principal amount of a bond to the…