on april 1, 2019 franville corporation issued, at 98 plus accrued interest, 400 of its 105, $1000 bonds. The bonds are dated January 1, 2019, and mature on December 31, 2025. Interest is paid semiannually on june 30 and december 31. from the bond issuance, grandville would realize new cash reciept of?

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Q: On July 01, 2019, SALUDO RAW SA'YO SI MAGELLAN SABI NI LOLA CO. received P1,032,880 for P1,000,000…

A: Solution: Interest expense for the six months ended December 31, 2019 = Issue price * 10% *6/12  =…

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A:

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A: Meaning of Bonds Bonds are fixed debt instruments where a company issues bonds to the lenders. The…

Q: ente the liability sec

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A: Journal entries: It is the duty of the accountant to record business economic and non economic…

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A: Answer - Working Note : The computation of the interest expense is shown below:   The bond interest…

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Q: On January 1, 2019, Gates Corporation issued $100,000 of 5-year bonds due December 31, 2023, for…

A: A bond is type of legal paper or in accounting terms investment securities wherein an investor lends…

Q: On January 1, 2019, SB Company issued its 10% bonds in the face amount of P10,000,000 that mature on…

A: Solution: Interest expense on July 1 = P9,160,000*12%*6/12 = P549,600 Semiannual interest paid =…

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

A: Accrued interest payable = Face value × coupon rate

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

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A: The following computations are done for Polk Incorporation.

Q: On March 1, 2018, Brown-Ferring Corporation issued $100 million of 12% bonds, dated January 1, 2018,…

A: Requirement 1   Determine the amount of accrued interest that was included in the proceeds received…

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Q: Hillside issues $4,000,000 of 6%, 15-year bonds dated January 1, 2019, that pay interest…

A: Please note: Since you have posted a question with multiple sub-part, we will solve the first three…

Q: On June 1, 2019, Vape Inc. issued P12,000,000 of 10% bonds to yield 12% effective rate. Interest is…

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Q: Hillside issues $1,900,000 of 5%, 15-year bonds dated January 1, 2019, that pay interest…

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Q: On July 1, 2020, Center Company issued for $598,964, 10%, 20-year bonds with a face value of…

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