On January 1, 2021, Jackie Company issued 2,000 P5,000 8% five-year bonds at 90.35 when the market rate is 11%. Interest is payable every January 1 and July 1 starting 2021. How much is the interest expense for 2021? How much is the discount amortization during 2022? How much is the interest expense for 2023? How much is the discount amortization during 202

Q: LA Fitness Company issued a $10,000,000, 5-year, 7% callable bond on January 1, 2018, when the…

A: In the given question neither the face value of bond , nor the issue price of bond is given.…

Q: 21. On January 01, 2019, SUNOD NA ANG LEASES LTD. issued 3- year bonds with face value of P5,000,000…

A: Given: Face value = P5,000,000 Price = 99% Nominal rate = 10% Issue cost = P150,000

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A: Bond is issued by the company for raising finance for the business working. It is considered a…

Q: Bonds payable are dated January 1, 2017, and are issued on that date. The face value of the bonds is…

A: Table Value are Based on:       n (5 years * 2)=  10     i  (10% / 2) =  5.00%     Cash…

Q: 55. On March 1, 2021, a company issued a four-year, P3,000,000 face value, 11% term bonds for…

A:

Q: Oriole Corp. issued $410,000 of 3-year, 4% bonds on May 1, 2024. The market interest rate when the…

A: Bonds are debt instruments where the issuer pays the investor a fixed interest periodically as well…

Q: Take me to the text On October 1, 2020, Robby Company issued $251,000 worth of bonds at par, with…

A: The bonds are the financial instruments used to raise money from the market.

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A: The loss on redemption of the bond payable is recorded when the amount paid for such redemption is…

Q: Your Company issued a $150,000 face value bond on January 1, 2020. The 20 year term bond was issued…

A: Here,FaceValue of Bond is $150,000Issued Value is 102% of Face Value, therefore, Current Value will…

Q: On January 1, 2021, Mirada, Inc. issued five-year bonds with a face value of $100,000 and an annual…

A: Carrying cost is value of bonds which is shown in books of accounts

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A: Bond: It is  the  loan paid  by an investor to a borrower. Bonds are used by companies. Interest is…

Q: Alyssa Company issued P 10,000,000 bonds on January 1, 2021. The bonds pay interest annually at 10%…

A: Given that, Face value = P 10,000,000  Issue date = January 1, 2021 Coupon rate = 10%  Installment…

Q: On December 31, 2019, Ulster Co. issued P200,000 of 8% serial bonds, to be repaid in the amount of…

A: Answer:-  Unamortized discount meaning:- Unamortized bond discounts are the differences between a…

Q: On March 1, 2020, Jackson issues 5-year bonds, dated January 1, 2020, with a par value of…

A: The bonds are issued at par with accrued interest for 2 months.

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A: A bond is a debt security, similar to an IOU. Borrowers issue bonds to raise money from investors…

Q: The entity purchased 6,000,000 12% bonds on January 1,2021. The interest is payable annually. The…

A: The bond is purchased in order to earn a regular fixed interest with low risk. Bonds are issued by…

Q: Date Cash Paid Interest Expense Increase in Carrying Value Carrying Value 1/1/2018 $194,758…

A: Interest is the amount of money paid to the bondholders as return.

Q: On January 1, 2021, Flamengo Co. issued a four-year, $10,000, 7% bond. The interest is payable…

A: A bond is a financial debt security issued by large business organizations or governments. It is…

Q: On March 1, 2021, BabyM company issued a four-year, P3,000,000 face value, 11% term bonds for…

A: Bonds issued at Premium: When a bond is issued at a premium, that means that the bond is sold for an…

Q: Ozzie Smith Co. issues $30,000,000 of 5-year, 6.6% bonds on April 1, 2020 at par plus accrued…

A: Bonds are the financial liabilities for a company which is payable at the end of specific term.

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A: Effective Interest Method: It is an accounting method that helps in calculating the discount on…

Q: AAA Company issued bonds with face amount of P9,000,000 on January 1, 2020. The nominal rate of 6%…

A: Hello. Since your question has multiple sub-parts, we will solve the first three sub-parts for you.…

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A: The interest expense is recorded in the income statement and deducted from the revenues. The net…

Q: How much interest will Flamengo pay to the bondholders on December 31 2022?

A: It is pertinent to note that the current price or value of bond is the present value of all cash…

Q: 12A. On December 31, 2025, when the market interest rate is 14%, Arnold Corporation issues $150,000…

A: The information given are as follows:Market Rate of interest per semi-annual period = 14%/2 = 7%No.…

Q: On June 30, 2021, Moran Corporation issued $13.0 million of its 8% bonds for $11.7 million. The…

A: Lets understand basics. When bond is issued for less than its face value then it is known to be…

Q: On February 1, 2023, what was the value of a P7,000, bond with 5% compounded semiannually due on…

A: Here,

Q: On January 1, 2020, Bobond issued a 3-year, 9% P1,000,000 at par. Interest is payable semi-annually…

A: Bonds are longer term sources of finance for companies and bonds are lower cost of source of finance…

Q: he Maple Company issued 5-year bonds on January 1, 2020. The debt has a face value of $400,000 and…

A: Price of bond is the sum of present value of future cash flows from the bond. Cash flows include…

Q: On June 30, 2021, Moran Corporation issued $13.5 million of its 6% bonds for $12.1 million. The…

A:

Q: Nash's Trading Post, LLC issued $4,800,000 of 8% bonds on October 1, 2020, due on October 1, 2025.…

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

Q: Help Save & Exit Sub On January 1, 2021, Whole Goods paid $297,000 for bonds with a face amount of…

A: Given that: Issue price of bonds = $297000 Face value of bonds = $317000 Coupon rate = 7% Effective…

Q: On July 1, 2023, LIN Inc. issued a five-year, 10% bond of $400,000 for the discount price of…

A: Maturity = 5 yearsCoupon rate = 10%Face value = $400,000Discount price = $343,811Market interest…

Q: Problem #3: Assume that on January 1, 2019, Sand World issues $200,000 of 9% bonds, due in 10 years…

A: A bond is an instrument that represents a loan taken by a borrower from an investor. Issuer of bonds…

Q: On January 1, 2020, Sabond issued a 5-year 12%, P10,000,000. Interest is payable annually every…

A: Present Value of Bond = Present Value of Coupon Payments + Present Value of Redemption Value Present…

Q: On January 1, 2020, Concord Company purchased at face value, a $1060, 10% bond that pays interest on…

A: The interest earned during period but not received during period is recorded as interest receivable.…

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A: Bond is a financial instrument which is issued to raise fund by large organization. Bonds can be…

Q: Nash Co. sells $534,000 of 8% bonds on March 1, 2020. The bonds pay interest on September 1 and…

A: Bonds represent debts issued by the firm to meet the capital requirements. They act as a promise by…

Q: On January 1, 2021, BBB Company issued 10% bonds payable dated January 1, 2021 with a face amount of…

A: Present Value of Bond = PV of Coupon Payments + PV of Redemption Value PV of Coupon Payments =…

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A: Determine the price of the bond:   Present value of principle amount ($200,000, 4%, 10 years)…

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A: Bonds are instruments acknowledging the debt due from one person to another person to be paid on…

Q: On January 1, 2022, Lark Road Corporation issued $600,000 par value, 3%, 5-year bonds. Interest is…

A: Bond amortization is systematically writing off Bond amortization Premium/Discount over the life of…

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A: “Since you have posted a question with many sub-parts, we will solve three sub-parts for you. To get…

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A: Time Value of Money :— According to this concept, value of money in present day is greater than the…

Q: 2. What total amount should be reported as current liabilities on December 31, 2021? Sunflower…

A: Current liabilities are short-term obligations of the company. Those obligations which are to be…

Q: On January 1, 2021, Jackie Company issued P8,000,000 8% eight-year bonds. Similar bonds had an…

A: The carrying value of bonds refers to the amount shown as liability by issuer in accounting records…