NoleCo issues bonds on January 1, 20X1. The bonds mature ten years from this date and pay interest semi-annually on June 30 and December 31 each year. The face value of the bonds is $500,000 and the coupon/stated rate is 6%. The market rate on the issue date is 5%. The bonds were issued for $538,973 The carrying value of these bonds on December 31, 20X1 (after the interest payment on that date) is: $533,248 $536,591 $541,265 $500,000 $535,883

Q: Stanford issues bonds dated January 1, 2021, with a par value of $258,000. The bonds' annual…

A: The bonds are issued to raise the money from the market or investors. The bonds are treated as the…

Q: Martinez Corporation issues $630,000 of 9% bonds, due in 11 years, with interest payable…

A: Issue price of bonds would be the present value of the interest annuity & maturity amount at…

Q: Brin Company issues bonds with a par value of $700,000. The bonds mature in 6 years and pay 6%…

A: A journal entry is a type of accounting entry that is used to record a business transaction in a…

Q: On January 1, 20X1 ABC Company issued a $1,000,000 10-year bond with a stated interest rate of 9%…

A: Bonds :Bonds is a long-term debts issued by the government and companies to raise funds for their…

Q: Quatro Company issues bonds dated January 1, 2021, with a par value of $760,000. The bonds' annual…

A: A premium bond is a bond whose current price is more than its face value. It will always have a…

Q: On January 1, Applied Technologies Corporation (ATC) issued $600,000 in bonds that mature in 10…

A: A bond refers to the instrument which is issued by the government to borrow money when needed. It is…

Q: Brin Company issues bonds with a par value of $540,000. The bonds mature in 6 years and pay 9%…

A: Bonds are issued by the companies to acquire the funds required for meeting their business needs.…

Q: On January 1, 2024, Cullumber Co. issued eight-year bonds with a face value of $6040000 and a stated…

A: Bonds help companies, government entities, and others acquire the funds required to meet their…

Q: Oriole Corporation issues $530,000 of 9% bonds, due in 10 years, with interest payable semiannually.…

A: Issue price of bonds would be the present value of the interest annuity & maturity amount at…

Q: On July 1, Somers Inc. issued $200,000 of 10 %, 10-year bonds when the market rate was 12%. The…

A: Issue price of the bonds means the cash received from the issue of the bonds. Issue price of the…

Q: On January 1, 2018, Wauwatosa Inc. issued 5- year bonds with a fave value of $200,000 and a stated…

A: When the issue price of the bond is higher than its face value, the bonds are said to be issued at a…

Q: Quatro Co. issues bonds dated January 1, 2019, with a par value of $720,000. The bonds’ annual…

A: Given that: Par value of bonds = $720,000 Issue price of bonds $757,732

Q: Bonds issued by the Coleman Manufacturing Company have a par value of $1,000, which of course is…

A: The formula for yield to maturity is:Yield to maturity = C + F - P /n / F + P / 2Where, C is the…

Q: On January 1 of this year, Ikuta Company issued a bond with a face value of $130,000 and a coupon…

A: The bond amortization schedule is prepared to show how the bond is repaid, it shows the periodic…

Q: On July 1, Somers Inc. issued $300,000 of 10%, 10-year bonds when the market rate was 12%. The bonds…

A: Issue price of bonds refers to the price at which the bonds are actually issued.

Q: XYZ issues a $1,000,000 bond that matures in 5 years on January 1, 2012. The bond pays interest…

A:

Q: On January 1 of this year, Ikuta Company issued a bond with a face value of $200,000 and a coupon…

A: Bonds payable is a type of instrument where by an amount is borrowed for a fixed period with fixed…

Q: Concord Corporation issues $530,000 of 9% bonds, due in 10 years, with interest payable…

A:

Q: Roman Destinations issues bonds due in 10 years with a stated interest rate of 5% and a face value…

A: The bonds are the financial instruments of the business that are used to raise the money from the…

Q: Quatro Company issues bonds dated January 1, 2021, with a par value of $810,000. The bonds’ annual…

A: The bonds are issued at premium means the cash received form the issue of bonds is more than its…

Q: Hartford Research issues bonds dated January 1 that pay interest semiannually on June 30 and…

A: Present value: It refers to the current value of the sum of money or the series of cash flows that…

Q: Douglas Company issued five-year bonds on January 1. The 12% bonds have a face value of $35,000,000…

A: Interest expense will be calculated on $37702483 at 5% (i.e 10%/2), since the interest is compounded…

Q: On January 1, Solofind, Inc. issued a 10-year monthly bond with a face value of $1,760,000 that pays…

A: Bonds are referred to as debt instruments which represents the loans made to the borrower and…

Q: On January 1, Zonoz, Inc. issued a 10-year semiannual bond with a face value of $590,000 that pays…

A: As asked in the question to calculate using excel, so we will use the formula in excel and the snip…

Q: Wildhorse Inc. issues $3,100,000 of 7% bonds due in 10 years with interest payable at year-end. The…

A: Face Value = fv = $3,100,000Coupon Rate = c =  7%Time = t = 10Interest Rate = r = 12%

Q: NoleCo issues bonds on January 1, 20X1. The bonds mature ten years from this date and pay interest…

A: Amortization of bond discount adjustment would be result in increase in carrying value.

Q: Brin Company issues bonds with a par value of $590,000. The bonds mature in 5 years and pay 9%…

A: Semiannual interest = Face value of bonds x rate of interest x no. of months/12 = $590,000 x 9% x…

Q: Citywide Company issues bonds with a par value of $85,000. The bonds mature in seven years and pay…

A: Bonds are debt securities that offer investors fixed interest payments and principal repayment at…

Q: Splish Inc. issues $3,700,000 of 7% bonds due in 12 years with interest payable at year-end. The…

A: Current price of the bond is the present value of future payments to be received. Future payments…

Q: Tano Company issues bonds with a par value of $87,000 on January 1, 2021. The bonds' annual contract…

A: Introduction: Bonds are issued to finance ongoing maintenance as well as infrastructure upgrades.…

Q: On January 1 of this year, Nowell Company issued bonds with a face value of $250,000 and a coupon…

A: The bond's issue price is the amount that a corporation gets paid on the day that it is sold. The…

Q: When the market rate of interest was 12%, Halprin Corporation issued $604,000, 11%, five-year bonds…

A: It is pertinent to note that the issue price of the bond is the present value of all the interest…

Q: Brin Company issues bonds with a par value of $590,000. The bonds mature in 5 years and pay 9%…

A: The objective of the question is to calculate the issue price of the bonds and prepare the journal…

Q: Blue Corporation issues $410,000 of 9% bonds, due in 11 years, with interest payable semiannually.…

A: The price of a bond, often referred to as its "bond price" or "market price," is the amount an…

Q: Amount received by Splish when bonds were issued

A: Computation of amount received by Splish on issue of bonds shall be shown below :

Q: Denzel Corporation is planning to issue bonds with a face value of $600,000 and a coupon rate of 7.5…

A: The corporation or government entity can issue bonds, the bonds are issued to raise money and…

Q: The Designer Company issued 10-year bonds on January 1. The 6% bonds have a face value of $792,000…

A: Since the market rate of 7% is higher than the contract rate of interest of 6% the bonds are said to…

Q: Garcia Company issues 10%, 15-year bonds with a par value of $240,000 and semiannual interest…

A: The bonds are recorded as long term liabilities in the books. The bonds are issued at premium when…

Q: Citywide Company issues bonds with a par value of $71,000. The bonds mature in nine years and pay…

A: The objective of the question is to calculate the issue price of the bonds and prepare the journal…