John Deere issues bonds to raise capital and on Jan 3, 2021 issued a four year, $10,000, 7% bond. The interest is payable annually each Dec 31. The issue price (carrying value) was $9,668 based on an 8% market interest rate. The interest expense on income statement for the year ended December 31, 2021 is closest to: A. $700 B. $677 C. $883 D. $773

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Q: Help Seve & E On January 1, 2021, Lambda, Inc. issued ten-year bonds with a face value of $1.000.000…

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Q: On January 1, 2021, Lyle’s Limeade issues 4%, 10-year bonds with a face amount of $90,000 for…

A:

Q: On January 1, 2019, Company C issues $200,000 of its 6% bonds which mature in 10 years. Interest is…

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Q: On January 1, 2019, Drennen Inc. issued $5 million face amount of 10-year, 14% stated rate bonds…

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Q: PANGILINAN Company issued 3-year, 12% bonds with face amount of ₱4,000,000. Interest is payable…

A: solution : given: face vale            =4000000 interest payable            = semiannually interest…

Q: Homer Company borrowed money by issuing $5,500,000 of 5% bonds payable at 101.3 on July 1, 2021. The…

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Q: The interest expense on the income statement for the year ended December 31, 2021 is:

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Q: Crane Ltd issued $1,200,000 of 10years, 5% bonds on January 1,2024,when the market interest rate was…

A: Approach to solving the question: For better clarity of the solution, I have attached the Excel…

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Q: %, 5-year, $1,000 bonds dated January 1, 2022, at 100. Interest is paid each January 1. (a)Prepare…

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Q: A. On January 1, 2021, Bradley Company issued $100,000, 9%, 4-year bonds. Interest is paid…

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Q: On July 1, 2018, the Juliet Corporation issues $4,000,000 of 10-year bonds for $3,560,000 when the…

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Q: [The following information applies to the questions displayed below.] Legacy issues $325,000 of 5%,…

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A: Since you have posted two different questions, we will do the first one for you. Please post the…

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Q: Kingbird corporation issued  $460,000,8%, 20 year bonds on January  1,2022 for $418,008 this price…

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Q: Windsor, Inc. has issued three different bonds during 2019. Interest is payable annually on each of…

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Q: bonds on January 2, 2022 for $540,000. In addition, the company incurred $50,000 in bond issue…

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Q: Quick Lane Auto Service issued $50,000, 10-year bonds on January 1, 2021. of interest on the bonds…

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Q: prepare the journal entry to record the sale of these bonds on January 1, 2022. Crane Company issues…

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Q: crane Corporation issued 2,100, 9%, 5-year, $1,000 bonds dated January 1, 2020, at 100. Interest is…

A: Cash received = 2,100 bonds x $1,000 per bond x 100% = $2,100,000

Q: On January 1, 2018, Splash City issues $470,000 of 7% bonds, due in 20 years, with interest payable…

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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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Q: Duke Corporation issued $2,600,000, 5-year, 7% bonds for $2,496,000 on January 1, 2022. Interest is…

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Q: On January 1, 2021, Bicol Company issued 5-year bonds with face value of P 10,000,000 at 95. The…

A: Working notes :-…

Q: On January 1, 2021, Lambda, Inc. issued ten-year bonds with a face value of $1,000,000 and an annual…

A: Bonds issued at discount: Bonds are said to be issued at discount if the issue price is less than…