On February 1, 2009, Alpha Company issued 5,000 of its P1,000 face value bonds at 110 plus accrued interest. Alpha Company paid bond issue cost of P200,000. The bonds were dated November 1, 2008, mature on November 1, 2018, and bear interest at 10% payable semiannually on November 1 and May 1. What is the net amount received by Alpha from the bond issuance?

Q: On March 1, 2X19, Toyota Corporation issued at 103 plus accrued interest, 500 of its 9%, P500 bonds.…

A: Issuing bonds is one of the many ways for companies to raise money or funds. A bond works as a loan…

Q: On January 1, 2016, Crammer Inc. issues five-year bonds with a total face amount of $1,000,000 and a…

A: Bonds payable is a form of liability being incurred by the business, on which regular interest…

Q: On January 1, 2013, JetNew Corp. issued $300,000 of 8%, 5-year bonds, with annual interest payments…

A: Journal Entry :— It is an act of recording transaction in books of account when transaction…

Q: On July 1, 2014, Oladipo Corporation issued 11% bonds in the face amount of P2,000,000 that mature…

A: Carrying  value  is present value of future  cash flows discount @5%(10/2)

Q: On November 1, 2006, Naruto Company issued P8,000,000 of its 10-year, 8% term bonds dated October 1,…

A: A balance sheet is a report that shows an entity's assets, liabilities, and equity at a certain…

Q: On January 1, 2016, Colt Co. issued ten-year bonds with a face amount of $1,000,000 and a stated…

A: Introduction: A bond is a fixed responsibility issued by corporations or government entities to pay…

Q: 2. On October 1, 2011, Sammy Company issued 8,000,000 of its 10-year 8% term bonds dated October 1,…

A: Solution Given Face value 8000000 Life 10 year Coupon rate 8% Market rate…

Q: On January 1, 2017, Surreal Manufacturing issued 780 bonds, each with a face value of $1,000, a…

A: As per the honor code, we only answer up to 3 sub-parts, we’ll answer the first 3. Please resubmit…

Q: On January 1, 2016, United Corp. issued its 9% bonds in the face amount of P 2,000,000, which mature…

A: Bonds is an investment security in which investors invest amount in exchange of regular interest…

Q: On January 1, 2017, Luyang company issued 3-year bonds payable with face value of P5,000,000 at 98.…

A: solution given Face value 5000000 Issue price 98 Bond issue cost 140000 Coupon…

Q: On January 2, 2012, Halcon Company issued 9% bonds in the amount of P8,000,000 which mature on…

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

Q: Metlock, Inc. issued $282,000, 7%, 15-year bonds on December 31, 2021, for $253,800. Interest is…

A: Total discount on bonds = Face value of bonds - issue value of bonds = 282000-253800 = $28,200

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: Pretzelmania, Inc., issues 6%, 10-year bonds with a face amount of $60,000 for $60,000 on January 1,…

A: Given the following information: Pretzelmania, Inc., issues 6%, 10-year bonds with a face amount of…

Q: $939,000 to yield 10%. Alquds uses the effective-interest method of amortizing bond discount.…

A: Un amortized bond discount ,7/1/ Year 1   Bond discount amortization ,7/1/ Year 1 to  6/30/Year3:…

Q: 9. In the statement of financial position of Kansas, Inc. as of December 31, 2011, the accounts in…

A: Redemption value = face value x redemption price  = 1000000 x 96/100 = P960,000

Q: On January 1, 2018, Oman Cables Industry (SAOG) issued 12% bonds dated January 1, 2018, with a…

A: Bonds are the debts for the company issued to the investors at fixed rate of interest. There are…

Q: On January 1, 2006, Okon Company issued 5,000 of its 9%, P1,000 face value bonds at 95.  Interest is…

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

Q: 9. In the statement of financial position of Kansas, Inc. as of December 31, 2011, the accounts in…

A: Number of bonds payable = P1,000,000P100 = 10,000

Q: 3. Terry Company is authorized to issue P5,000,000 of 6%, 10- year bonds dated July 1, 2011 with…

A: Face value of bond: P5,000,000 Cash received by the company: P5,150,000 Interest rate: 6% Discount…

Q: On January 1, 2018, Fort Industrial Corp. issued bonds with a face value of $1,000,000. The bonds…

A: Bonds are the instrument acknowledging debt due from one party to another party on specified future…

Q: Determine the present value of the bonds at issuance.

A: Bond valuation is the process of finding the fair value of the bond. It means to find the present…

Q: On November 1, 2016, Melissa Corp. issued P 800,000 of its 10- year,8% term bonds dated October 1,…

A: Bonds are units of corporate debt issued by companies and securitized as tradeable assets.     Given…

Q: Romania, Inc., issues 6%, 10-year bonds with a face amount of $60,000 for $55,736 on January 1,…

A: 1. Record the bond issue. Date Accounts & Explanation Debit Credit Jan 1, 2012 Cash $…

Q: On January 1, 2006, Ward Company issued its 9% bonds in face amount of P4,000,000, which mature on…

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

Q: On January 1, 2011, Boyle Company issued 9% bonds in the face amount of P5,000,000 which mature on…

A: Answer) Calculation of Selling Price of Bonds Face Value of Bonds = P 5,000,000 Annual Coupon rate =…

Q: On October 1, 2010, EEE Inc. issued, at 101 plus accrued interest, 800 of its 10 percent, P1,000…

A: In the given case - P1000 Bonds are dated 1st July-2010. The bonds are issued on 1st October-2010…

Q: On January 1, 2015, ABC Co. issued 5-year bonds in the amount of $50, 000.  Interest of 4% is…

A: Bonds: Bonds are the financial debt instruments issued by the corporations to raise capital for the…

Q: Unrealized holding gain/(loss) in OCI for year 2014 2. Interest expense for the year ended December…

A: Unrealized holding gain/(loss) is the term used to describe a change in an investment's value that…

Q: 2. On October 1, 2011, Sammy Company issued 8,000,000 of its 10-year 8% term bonds dated October 1,…

A: c. 112,471.65 Balance of Discount on Bonds Payable on December 31,2020

Q: On January 1, 2006, Naruto Company issued 9% bonds in the amount of P5,000,000, which mature on…

A: To answer above question, following bond amortization table will be compiled till 30 June, 2006:…

Q: Prepare the journal entry for the issuance of these bonds. Assume the bonds are issued for cash on…

A: When the bonds are issued at more than their par value it means that it has been issued at the…

Q: On July 1 2021, espresso industries issued $700000 of 12 % bonds, dated July 1. Interest is payable…

A: Face value = $700,000Coupon rate =12%Maturity = 3 yearsYield to maturity = 14%Proceeds =…

Q: On January 1, 2018, Oman Cables Industry (SAOG) issued 12% bonds dated January 1, 2018, with a…

A: The present value represents the present value of the bond that will be redeemed in the future.…

Q: On January 1, 2006, Naruto Company issued its 9% bonds in face amount of P4,000,000, which mature on…

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

Q: Shaw Company issued P5,000,000, 12% bonds on January 1, 2012. The principal of the bonds were paid…

A:

Q: that mature at an annual installment of P500,000 every December 31. The bonds were issued to yield…

A: Bonds are generally used for raising long-term funds for the company. Bonds investors get coupon…

Q: On November 1, 2006, Mason Company issued P8,000,000 of its 10-year, 8% term bonds dated October 1,…

A: Bonds are a form of liability being issued by the business, which needs to be paid out by the…

Q: On April 1, 2016, Lanz Company issued at 99 plus accrued interest, 200 of its 8%, P 1,000 bonds. The…

A: Bonds are the type of debt security issued by the company having a fixed percentage of coupon rate…

Q: National Orthopedics Co. issued 9% bonds, dated January 1, with a face amount of $500,000 on January…

A: 1.

Q: Stacy Company issued five-year, 8% bonds with a face value of $6,000 on January 1, 2016. Interest is…

A: Step 1: Step 2:na Step 3: Step 4:

Q: On March 1, 2006, Cain Company issued at 103 plus accrued interest 4,000 of its 9% P1,000 face value…

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

Q: On January 1, 2009, Beta Company issued 5,000 of its 12%, P1,000 face value bonds for P5,600,000,…

A: Formula: Net amount received from the issuance of the bonds = Issue value of the bonds + Accrued…

Q: On January 1, 2018, Oman Cables Industry (SAOG) issued 12% bonds dated January 1, 2018, with a…

A: The bond is a type of securities that is issued by the company to borrow the funds from the…