Wildhorse Co. issued 10%, 6-year, $2,739,400 par value bonds that pay interest semiannually on October 1 and April 1. The bonds are dated April 1, 2017, and are issued on that date. The discount rate of interest for such bonds on April 1, 2017, is 12%. Click here to view the factor table. (For calculation purposes, use 5 decimal places as displayed in the factor table provided.) What cash proceeds did Wildhorse receive from issuance of the bonds? (Round answer to 0 decimal places, e.g. 125.) Cash proceeds from issuance of the bonds $

Q: Wildhorse Enterprises issued 8%, 8-year, $3,250,000 par value bonds that pay interest annually on…

A: Issue Price=Present Value of Face Value + Present Value of Interest Expense.  Interest expense =…

Q: Wildhorse Enterprises issued 10%, 9-year, $2,440,000 bonds that pay interest annually on April 1.…

A: The issue price of the bond is the sum of discounted cash flows of all the coupon payments and the…

Q: . Identify and analyze the effect of the interest payment on October 1, 2017. nctivity Financing X…

A: Bonds: It refers to the debt instruments issued by the firm to borrow funds from the public by…

Q: On January 1, 2014, Pop Corp. Issued 3,000 of its 9 %, P 1,000 bonds when the prevailing rate of…

A: Bonds are always amortized on the balance sheet to the face value on maturity. Bonds offering higher…

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

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

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: On January 1, 2018, Thomas Company issued $100,000, 5-year, 12% bonds, with interest payable…

A: Bond is a financial instrument used to raise funds from public by various companies or institutions…

Q: Grocery Corporation received $300,328 for 11 percent bonds issued on January 1, 2015, at a market…

A: Table presentation of each account Account (a) Financial Statement (b) Issuance (c ) Interest…

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, 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: Blue Spruce Corp. issues 6400, 10-year, 8%, $1000 bonds dated January 1, 2017, at 101. The journal…

A: Answer is option a)  credit to Bonds Payable for $6400000.

Q: The Colson Company issued S$300.000 of 10% bonds on January 1, 2017. The bonds are due January 1,…

A: Semi-annual interest=Annual Interest rate2=10%2=5%

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 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: Sheridan Company has issued three different bonds during 2022. Interest is payable annually on each…

A: Introduction: The term journal refers to a 'book' or 'diary,' and entry implies writing anything…

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, 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: 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: 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: Presented below are two independent situations. Click here to view factor tables. a. Donald Martin…

A: When bonds are issued at a price more than face value, then it means they are issued at a premium.

Q: Martinez Inc. issued $630,000 of 8%, 10-year bonds on June 30, 2017, for $485, 476. This price…

A: 1. Cash Interest:This part is correct. Cash interest is calculated as:Cash interest = Face value *…

Q: Danner Company sold $500,000 of 8 percent, 20-year bonds on April 1, 2014, at 105. The semiannual…

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

Q: (Entries for Bond Transactions) Presented below are two independent situations. 1. On January 1,…

A: 1. For Simon company: prepare journal entries to record the following: 1) The issuance of the bonds…

Q: Daan Corporation wholesales repair products to equipment manufacturers. On April 1, 2016, Daan…

A: Semiannual Interest = $4,700,000 x 8% x 6/12 = $188,000   Interest is paid semiannually for 8 years.…

Q: Consider the following independent situations:(a) On March 1, 2017, Heide Co. issued at 103 plus…

A: As posted multiple questions we are answering only one question kindly repost the unanswered…

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: On January 1, 2016, Mary Co. issued its 10% bonds in the face amount of P 1,500,000 which mature on…

A: A bond is a fixed-income investment vehicle that represents an investor's obligation to a borrower…

Q: Laura Hall Company issued $660,000 of 10%, 20-year bonds on January 1, 2025, at 102. Interest is…

A: When a bond is issued over and above its face value it means the bond is issued at a premium, Also…

Q: Stone Corporation issued 2,900 7%, 5-year, P1,000 bonds dated January 1, 2017, at face value.…

A: Bonds means an instrument issued by company acknowledging the debt due from company to bond holder.…

Q: Stafford Co. Issued $200,000 face value, 6%, 10-year bonds on January 1, 2017 for $172,740.  The…

A: Interest expense with the first interest payment = Carrying value of the bonds x market rate of…

Q: 1.) On Janaury 31, 2016, Large Corp. issued P 3,000,000 maturity value 12% bonds for P 3,000,000…

A: Since you have asked multiple question, we will solve the first question for you. If you want any…

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 January 1, 2014, Jack Company issues the $4,110,000, 8%, 10-year bonds described above for cash…

A: Introduction: Journal: Recording of a business transactions in a chronological order. First step in…

Q: Ivanhoe Company issued $2,900,000 of 10%, 10-year bonds on January 1, 2017, at 102. Interest is…

A:

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

A: Approach to Solving the Question:1. Understand the given information:  - Knorr Corporation issued…