What amount should Dayrit report as interest receivable in its December 31, 2022 balance sheet?

Q: CHINA Corporation, on January 1, 2021, issued 30,000, 10%, P100 bonds for P2,900,305. Principal…

A: As per effective interest method, the amount of interest expense correlates with the carrying value…

Q: On January 1, 2019, Fri Company issued P4,000,000 maturity value, 12% bonds for P4,000,000 cash. The…

A: Accrued interest payable is one of the liability of the business, which needs to be paid or settled.…

Q: A company sold bonds on January 1, 2021, for $207,913. This price represents a market rate of 9% on…

A: Bonds sold at premium: When the bonds are sold at a price more than its face value then the excess…

Q: On January 1, 2021, Panama Company purchased P3,000,000 face amount, 9% bonds. The bonds were…

A: A bond is a debt security that produces fixed income at a pre-determined rate. The bond issuer is…

Q: On January 1, 2024, Martin Company issued $5,000,000, 10% bonds.  Interest is payable semi-annually…

A: A financial table that shows the periodic payments and the distribution of principal and interest…

Q: On July 1, 2023, AAA Company issued P1,198,000 of 10%, 20 year bonds with a face amount of…

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

Q: On December 31, 2019, Potter Corporation issued €2,000,000, 6%, 5-year bonds for €1,840,324. The…

A: The bonds are issued at discount when market rate is higher than the coupon rate of bonds payable.

Q: On June 1, 2019, Swifty Company sold $2,460,000 in long-term bonds for $2,157,700. The bonds will…

A: Interest payment = $2,460,000*8% Interest payment = $196,800

Q: On January 1, 2020, EF company purchased P1,000,000, 12% bonds for P1,065,000, a price that yields…

A: If face value of the bonds is less than the purchase price then such debt investments are purchased…

Q: On November 1, 2022, Dayrit Corporation purchased P800,000 face value, 10-year, 8% term bonds dated…

A: The bonds are issued by a company in order to fulfill its financial needs. These are classified as…

Q: Jordan Company issues €50,000,000, 7.8%, 20-year bonds to yield 8% on July 1, 2018. Interest is paid…

A: Bonds are the debt security which is offered or issued by the corporates or the government to…

Q: Mitchell Inc. issued 40, 6%, $1,000 bonds on January 1, 2020. The bonds pay cash interest…

A: The amount at which a bond is sold in the financial markets is called its selling price. generally,…

Q: Cookie Dough Corporation issued $850,000 in 9%, 10-year bonds (payable on December 31, 2030) on…

A: Amortization of bond: The process of allocation and reduction of the discount or premium on bonds to…

Q: On July 1, 2023, DDJ Limited issued bonds with a face value of $900,000 due in 20 years, paying…

A: Bonds are issued below the face value than this is dicount and this is due to the higher interest in…

Q: On January 1, 2021, Blue company purchased P1,000,000, 12% bonds for P1,065,000, a price that yields…

A: In a table known as a bond amortisation schedule, the sum of interest paid, interest accrued, and…

Q: On November 1, 2021, Mason Company issued P4,000,000 of 10-year, 8% term bonds dated October 1,…

A: The accrued interest is the current liabilities for the business, which is due for payment but not…

Q: Brooke Company issued P6,000,000 , 11%, 10-year bonds on May 31, 2020 when the market interest was…

A: Bonds payable: It is a long term liability to the organization issuing it. It is issued to raise…

Q: P642,007.30 in b

A: Introduction Present value of bond:-

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 June 1, 2019, Bramble Company sold $3,120,000 in long-term bonds for $2,736,600. The bonds will…

A: Amortization of bond: The process of allocation and reduction of the discount or premium on bonds to…

Q: On January 1, 2021, an investor paid OR291, 000 for bonds with a principal amount of OR300,000. The…

A: The interest income refers to the amount earned by the company on the amount lent aside from the…

Q: On January 31, 2024, B Corp. issued $650,000 face value, 12% bonds for $650,000 cash. The bonds are…

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

Q: On January 1, 2018, Paradiso Company issued 1,000 of its 8%, $1,000 bonds at 93. Interest is payable…

A: Definition:   Bonds: Bonds are a kind of interest-bearing notes payable, usually issued by…

Q: On January 1, 2021, Canada Corp. purchased bonds with a face value of P7,500,000 and a stated…

A: Purchase Price of Bond: The price of a bond is the current discounted value of the future cash flow…

Q: On July 1, 2019, YYY Company paid P1,198,000 of 10% 20-year bonds with a face amount of P1,000,000.…

A: Solution- Calculation of Carrying value:   Interest paid = 1,000,000*10%*6/12 = 50,000   Interest…

Q: On April 30,2020, ABC Corp. purchased bonds with a face value of P1,400,000 and interest rate of 9%…

A: Date Particulars      Amount (P)  Amount (P) 30/04/2020 Investment (FVPL) Dr…

Q: At January 1, 2020, Konerko Corp. issued $40,000,000 of 6%, 12-year bonds that paid interest…

A: Bonds: It is also known as fixed-income security, is a debt instrument created for the purpose of…

Q: XYZ company issues R$100,000 in bonds dated January 1, 2020, due in five years with 9 percent…

A: Issue Price of the bonds = Present value of principal + Present value of interest payments = face…

Q: On December 31, 2020, Reyes Company issued P2,000,000, 12% serial bonds to be repaid in the amount…

A: Annual interest payment = face value of bonds x rate of interest x no. of months/12 = P2,000,000 x…

Q: On January 1, 2020, EF company purchased P1,000,000, 12% bonds for P1,065,000, a price that yields…

A: Bonds: Bonds are the financial security that are being tradeable in the stock market by the…

Q: On April 1, 2019, Ellison Co. issued 4-year, 7%, $100,000 face value bonds. The bonds were issued at…

A:

Q: Compute the December 31, 2020, amount of equity. Compute the debt to assets ratio at December 31,…

A: Hi student Since there are multiple questions, we will answer only first question. For first…

Q: On January 01, 2019, SUNOD NA ANG LEASES LTD. issued 3-year bonds with face value of P5,000,000 at…

A: PV of cash flows=Present value of Future payments(Interest+Face value) @ YTM