The present value of the interest is     $3006535.   $3174325.   $3224305.   $2955960.

Q: On January 1, 2025, Blossom Co. issued ten-year bonds with a face value of $6,750,000 and a stated…

A: Par value of the bonds = $6,750,000Stated interest rate = 10%Years to maturity = 10 yearsYeild =…

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: January 1, 2024, Winter Fog Inc. (WFI) issued eight-year, 3% bonds with a face value of $600,000.…

A: A bond refers to an instrument used by the issuing organization to raise debt capital from…

Q: On January 1, 2016, Knorr Corporation issued $1,000,000 of 9%, 5-year bonds dated January 1, 2016.…

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

Q: Interest expense for the year 2024 shall be a. P686,717 b. P802,862 c. P1,000,000 d. P919,007…

A: Given in the question: Coupon Rate = 10% Face Value = P10,000,000 It has been given that market rate…

Q: On June 30, 2016, Hardy Corporation issued $10.5 million of its 8% bonds for $9.5 million. The bonds…

A: Bond Issued = 8% or 4% SemiannuallyBonds were priced to yield = 10% or 5% Semiannually Calculation…

Q: Which of the following statements is true when 10-year, 6% bonds with a par value of $20,000,000 are…

A: Time = 10 yearsCoupon rate = 6%Face Value = $20,000,000Market Interest rate = 8%

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: Ivanhoe Company issues $24300000, 8.0%, 5-year bonds dated January 1, 2024 on January 1, 2024. The…

A: The bonds are the long-term liabilities that are issued to raise the money from the market orThe…

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, Babb Trailers, Inc. issued $6,500,000 of par value bonds for $6,200,000. The…

A: Total discount on issue of bonds = Face value of bonds - Issue value = $6,500,000 - $6,200,000 =…

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: 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: The Bradford Company issued 10% bonds, dated January 1, with a face amount of $80 million on January…

A: Since we are entitled to answer up to 3 sub-parts, we’ll answer the first 3. Please resubmit the…

Q: On January 1, 2014, Ellison Co. issued eight-year bonds with a face value of $3,000,000 and a stated…

A: Present value of the principal = face value  of bonds x Present value of 1 for 16 periods

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: On January 1, 2016, Pharaoh Company issued 3-year bonds with a face value of P1,200,000 and stated…

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

Q: On March 1, 2014, Khaleesi Company issued 10-year P5,000,000 8% term bonds dated March 1, 2014 and…

A: Coupon Rate: Coupon interest rate are the rate of interest paid on the bonds. The coupon rate is…

Q: semiannually on June 30 and December 31.

A: Bonds are priced by discounting future cash flows. Future cash flows include coupons and the par…

Q: On January 1, 2016, Broker Corporation issued $3,000,000 par value 12%, 10-year bonds which pay…

A: Issue Price of Bond=Present Value of Maturity amount+Maturity value of Interest payment   Present…

Q: 1 On February 1 2016, Ellison Co. issued eight-year bonds with a face value of S10,000,000 and a…

A: Financial Management: Financial management comprises of two words i.e. Finance and management.…

Q: Crane Company issues $25300000, 8.0%, 5-year bonds dated January 1, 2024 on January 1, 2024. The…

A: The bonds are the long-term liabilities that are issued to raise the money from the market orThe…

Q: On January 1, 2016, Knorr Corporation issued $800,000 of 6%, 5-year bonds dated January 1, 2016. The…

A: A bond is a fixed pay instrument issued to represent to an advance made by a financial specialist to…

Q: On January 1, 2016, Knorr Corporation issued $1,100,000 of 9%, 5-year bonds dated January 1, 2016.…

A: Interest on Bonds = $1,000,000 x 9%= $90,000Present Value of Bonds = Interest on Bonds x PVAF(n=5,…

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: On January 1, 2016, Knorr Corporation issued $1,400,000 of 6%, 5-year bonds dated January 1, 2016.…

A: The initial measurement of the bonds shall be made at fair value. Fair value = Present value of cash…

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

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

Q: On May 1, 2016, Bench Co. issued 11% bonds in the face amount of P 1,000,000 that mature on May 1,…

A: Solution: Face amount of bond= P1,000,000 Premium on issue of bond = P62,000 Issue price of bond =…

Q: On 1/6/2017, EB issued a subscription bond worth 400,000 dinars at an interest rate of 8% annually,…

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

Q: Brand Company issued $1,000,000 face value, eight-year, 12% bonds on April 1, 2012, when the market…

A: Bond is like a debt security which is used and issued by one who borrows or owes loans from public,…

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, Marigold Corp. issued $5200000, 11% bonds for $5538000. The market rate of interest…

A: Premium unamortized means the premium amount which is yet to be amortized on the bonds. It is…

Q: On January 1, 2025, Crane Co. issued ten-year bonds with a face value of $5,500,000 and a stated…

A: Lets understand the basics.Bond can be issued at,(1) Par value(2) At premium(3) At discount If bond…

Q: On January 1, 2009, Delta Company issued its P10,000,000 face amount, 10% bonds to yield 8% per…

A: The carrying value of Bond Liability on January 1, 2009 will be the issue price of Bonds.    The…

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 January 1, 2018, Piper Co. issued ten-year bonds with a face value of $1,000,000 and a stated…

A: Bond- Bonds are debt securities issued by corporations, governments, or other organizations and sold…

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 =…

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 February 1, 2009, Alpha Company issued 5,000 of its P1,000 face value bonds at 110 plus accrued…

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

Q: Crane Company issues $26400000, 8.0%, 5-year bonds dated January 1, 2024 on January 1, 2024. The…

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

Q: On January 1, 2020, Bonita Industries issued eight-year bonds with a face value of $5950000 and a…

A: Present value of principal = Face value of the bonds x Present value factor at market rate