Bonds: Bonds are long-term promissory notes that are represented by a company while borrowing money from investors to raise fund for financing the operations. Bonds Payable: Bonds payable are referred to long-term debts of the business, issued to various lenders known as bondholders, generally in multiples of $1,000 per bond, to raise fund for financing the operations. To prepare : Journal entry to record issuance of bonds payable at face value.

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Answer 1

Question

Chapter 12, Problem 12.23E

1.

To determine

Bonds: Bonds are long-term promissory notes that are represented by a company while borrowing money from investors to raise fund for financing the operations.

Bonds Payable: Bonds payable are referred to long-term debts of the business, issued to various lenders known as bondholders, generally in multiples of $1,000 per bond, to raise fund for financing the operations.

To prepare: Journal entry to record issuance of bonds payable at face value.

2.

To determine

To prepare: Journal entry to record issuance of bonds payable at discount.

3.

To determine

To prepare: Journal entry to record issuance of bonds payable at premium.

4.

To determine

To explain: The bond price which results the most interest expense.

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Chapter 18 Homework 8 1 points QS 18-4 (Algo) Measuring costs using high-low method LO P1 Saved The following information is available for a company's maintenance cost over the last seven months. 100 190 110 Month Units Produced eBook June July August September October November 200 230 Ask December Maintenance Cost $ 3,950 5,390 4,110 ETT 140 4,590 5,550 6,030 3,150 Print References Mc Graw Hill Using the high-low method, estimate both the fixed and variable components of its maintenance cost. High-Low method - Calculation of variable cost per unit produced Cost at highest volume - Cost at lowest volume Highest volume-Lowest volume Total cost at the highest volume Variable costs at highest volume: Highest volume Variable cost per unit produced Total variable costs at highest volume Total fixed costs Total cost at the lowest volume Variable costs at lowest volume: Lowest volume Variable cost per unit produced Total variable costs at lowest volume Total fixed costs 230 units $ 3,150.00…

Answer 2

Question

Chapter 12, Problem 12.23E

1.

To determine

Bonds: Bonds are long-term promissory notes that are represented by a company while borrowing money from investors to raise fund for financing the operations.

Bonds Payable: Bonds payable are referred to long-term debts of the business, issued to various lenders known as bondholders, generally in multiples of $1,000 per bond, to raise fund for financing the operations.

To prepare: Journal entry to record issuance of bonds payable at face value.

2.

To determine

To prepare: Journal entry to record issuance of bonds payable at discount.

3.

To determine

To prepare: Journal entry to record issuance of bonds payable at premium.

4.

To determine

To explain: The bond price which results the most interest expense.

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Answer 3

Question

Chapter 12, Problem 12.23E

1.

To determine

Bonds: Bonds are long-term promissory notes that are represented by a company while borrowing money from investors to raise fund for financing the operations.

Bonds Payable: Bonds payable are referred to long-term debts of the business, issued to various lenders known as bondholders, generally in multiples of $1,000 per bond, to raise fund for financing the operations.

To prepare: Journal entry to record issuance of bonds payable at face value.

2.

To determine

To prepare: Journal entry to record issuance of bonds payable at discount.

3.

To determine

To prepare: Journal entry to record issuance of bonds payable at premium.

4.

To determine

To explain: The bond price which results the most interest expense.

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Answer 4

Question

Chapter 12, Problem 12.23E

1.

To determine

Bonds: Bonds are long-term promissory notes that are represented by a company while borrowing money from investors to raise fund for financing the operations.

Bonds Payable: Bonds payable are referred to long-term debts of the business, issued to various lenders known as bondholders, generally in multiples of $1,000 per bond, to raise fund for financing the operations.

To prepare: Journal entry to record issuance of bonds payable at face value.

2.

To determine

To prepare: Journal entry to record issuance of bonds payable at discount.

3.

To determine

To prepare: Journal entry to record issuance of bonds payable at premium.

4.

To determine

To explain: The bond price which results the most interest expense.

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Answer 5

Chapter 12, Problem 12.23E

1.

To determine

Bonds: Bonds are long-term promissory notes that are represented by a company while borrowing money from investors to raise fund for financing the operations.

Bonds Payable: Bonds payable are referred to long-term debts of the business, issued to various lenders known as bondholders, generally in multiples of $1,000 per bond, to raise fund for financing the operations.

To prepare: Journal entry to record issuance of bonds payable at face value.

2.

To determine

To prepare: Journal entry to record issuance of bonds payable at discount.

3.

To determine

To prepare: Journal entry to record issuance of bonds payable at premium.

4.

To determine

To explain: The bond price which results the most interest expense.

Answer 6

Chapter 12, Problem 12.23E

1.

To determine

Bonds: Bonds are long-term promissory notes that are represented by a company while borrowing money from investors to raise fund for financing the operations.

Bonds Payable: Bonds payable are referred to long-term debts of the business, issued to various lenders known as bondholders, generally in multiples of $1,000 per bond, to raise fund for financing the operations.

To prepare: Journal entry to record issuance of bonds payable at face value.

Answer 7

Chapter 12, Problem 12.23E

1.

To determine

Bonds: Bonds are long-term promissory notes that are represented by a company while borrowing money from investors to raise fund for financing the operations.

Bonds Payable: Bonds payable are referred to long-term debts of the business, issued to various lenders known as bondholders, generally in multiples of $1,000 per bond, to raise fund for financing the operations.

To prepare: Journal entry to record issuance of bonds payable at face value.

Answer 8

2.

To determine

To prepare: Journal entry to record issuance of bonds payable at discount.

Answer 9

2.

To determine

To prepare: Journal entry to record issuance of bonds payable at discount.

Answer 10

3.

To determine

To prepare: Journal entry to record issuance of bonds payable at premium.

Answer 11

3.

To determine

To prepare: Journal entry to record issuance of bonds payable at premium.

Answer 12

4.

To determine

To explain: The bond price which results the most interest expense.

Answer 13

4.

To determine

To explain: The bond price which results the most interest expense.

Answer 14

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Answer 15

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Answer 16

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Answer 17

Ch. 12 - Flipco signed a 10-year note payable on January 1,...Ch. 12 - Daniels's bonds payable carry a stated interest...Ch. 12 - A bond that matures in installments at regular...Ch. 12 - Prob. 4QC Ch. 12 - Nicholas Smith Fitness Gym has 700,000 of 20-year...Ch. 12 - Prob. 6QC Ch. 12 - Prob. 7QC Ch. 12 - The debt to equity ratio is calculated as a. Total...Ch. 12 - Mike Gordon wishes to have 80,000 in five years....Ch. 12 - Prob. 10BQC

Solution Summary: The author explains that bonds are long-term promissory notes that are represented by a company while borrowing money from investors to raise fund for financing operations.

To prepare: Journal entry to record issuance of bonds payable at discount.

To prepare: Journal entry to record issuance of bonds payable at premium.

To explain: The bond price which results the most interest expense.

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Chapter 12 Solutions