If $1,012,000 of 12% bonds are issued at 102 1/2, the amount of cash received from the sale is a. $1,037,300 O b. $1,012,000 O c. $759,000 O d. $1,133,440

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: 6400 bonds with a face value of $1000 each, are sold at 105. The entry to record the issuance is…

A: Bonds Payable are liabilities that are issued by the borrower to the payee. It is a promissory note…

Q: 4. A corporation issues $26,000,000 of 9% bonds to yield interest at the rate of 7%. (a) Was the…

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

Q: If the bonds payable account has a balance of $100,000 and the premium on bonds payable account has…

A: Premium on Bonds: When bond market costs higher than its face value then bonds is called at premium.…

Q: Company XYZ Bank Loan Face Value Maturity (Yrs) 190,000 $ 7 Bond 350,000 10 Interest Expense Cost of…

A: We need to calculate market value of debt for the given information

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: 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: Using the following variables, calculate an organization's cost of debt on a $500,000 bond. • R₁: 1%…

A: The cost of debt refers to the expense that the company incurs to employ the debt capital to fund…

Q: If 70 $1000 bonds with a carrying value of $84000 are redeemed for $79000, the journal entry to…

A: The bonds are issued at the premium when market rate is lower than the coupon rate of bonds payable.…

Q: If $1,034,000 of 6% bonds are issued at 102 3/4, the amount of cash received from the s Oa.…

A: Cash received from sale of bond. It assumed that the face value of bond is $100. At face value $100…

Q: On January 1, Parson Freight Company issues 8.5%, 10-year bonds with a par value of $2,300,000. The…

A: The correct option will be Debit Cash $ 2,143,712; Debit Discount on issue of Bonds Payable $…

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

A:

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: 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: A company paid $33,800 to acquire 11% bonds with a $36,000 maturity value. The company intends to…

A: The cash proceeds from the bond that the company receives at maturity is the face value or maturity…

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: Ch10 A company issued 5-year, 7% bonds with a par value of $100,000. The market rate when the bonds…

A: The bonds are reported as the long-term liabilities in the balance sheet. The bonds are issued to…

Q: 9. Bonds with a face value of $500,000 and a quoted price of 97% have a selling price of a.…

A: Face value = $500,000 Quoted Price = 971/4 = 97.25

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: 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: 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: A $7,000; 9% bond is sold at 93. When the bond is issuede the Cash account will be incerased by :…

A: Bonds :— It is one of the type of securities that pays fixed periodic interest and face value amount…

Q: PB3. 13.2 Starmount Inc. sold bonds with a $50,000 face value, 12% interest, and 10-year term at…

A: Interest expense on bonds The interest expense is the amount paid by the issuers of the bond to the…

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.…