Bond: Bond refers to a debt instrument or debt security that has a longer period for maturity with some component of interest or return to be received on the amount paid on the bond. The issue price of the bond including accrued interest.

Question

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Answer 1

Question

Chapter 14, Problem 14.7P

a.

To determine

Concept Introduction:

Bond: Bond refers to a debt instrument or debt security that has a longer period for maturity with some component of interest or return to be received on the amount paid on the bond.

The issue price of the bond including accrued interest.

b.

To determine

Concept Introduction:

Amortization: Amortization refers to the method of accounting which lower the booking amount or book value of any loan or any intangible asset over the time period.

To prepare: The amortization table for the bond issue.

c.

To determine

Concept Introduction:

Journalizing: In accounts, for keeping records of all the business transactions properly, journalizing is being done for the transactions. Thus, it helps to track the transactions in chronological order as well as to maintain the records too.

To prepare: The journal for recording the required entries on the date of issue and on the first two interest dates in 2018 of June 30 and December 31.

d.

To determine

Concept Introduction:

Journalizing: In accounts, for keeping records of all the business transactions properly, journalizing is being done for the transactions. Thus, it helps to track the transactions in chronological order as well as to maintain the records too.

To prepare: The journal for recording early retirement of the bond.

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Answer 2

Question

Chapter 14, Problem 14.7P

a.

To determine

Concept Introduction:

Bond: Bond refers to a debt instrument or debt security that has a longer period for maturity with some component of interest or return to be received on the amount paid on the bond.

The issue price of the bond including accrued interest.

b.

To determine

Concept Introduction:

Amortization: Amortization refers to the method of accounting which lower the booking amount or book value of any loan or any intangible asset over the time period.

To prepare: The amortization table for the bond issue.

c.

To determine

Concept Introduction:

Journalizing: In accounts, for keeping records of all the business transactions properly, journalizing is being done for the transactions. Thus, it helps to track the transactions in chronological order as well as to maintain the records too.

To prepare: The journal for recording the required entries on the date of issue and on the first two interest dates in 2018 of June 30 and December 31.

d.

To determine

Concept Introduction:

Journalizing: In accounts, for keeping records of all the business transactions properly, journalizing is being done for the transactions. Thus, it helps to track the transactions in chronological order as well as to maintain the records too.

To prepare: The journal for recording early retirement of the bond.

Expert Solution & Answer

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Answer 3

Question

Chapter 14, Problem 14.7P

a.

To determine

Concept Introduction:

Bond: Bond refers to a debt instrument or debt security that has a longer period for maturity with some component of interest or return to be received on the amount paid on the bond.

The issue price of the bond including accrued interest.

b.

To determine

Concept Introduction:

Amortization: Amortization refers to the method of accounting which lower the booking amount or book value of any loan or any intangible asset over the time period.

To prepare: The amortization table for the bond issue.

c.

To determine

Concept Introduction:

Journalizing: In accounts, for keeping records of all the business transactions properly, journalizing is being done for the transactions. Thus, it helps to track the transactions in chronological order as well as to maintain the records too.

To prepare: The journal for recording the required entries on the date of issue and on the first two interest dates in 2018 of June 30 and December 31.

d.

To determine

Concept Introduction:

Journalizing: In accounts, for keeping records of all the business transactions properly, journalizing is being done for the transactions. Thus, it helps to track the transactions in chronological order as well as to maintain the records too.

To prepare: The journal for recording early retirement of the bond.

Expert Solution & Answer

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Answer 4

Question

Chapter 14, Problem 14.7P

a.

To determine

Concept Introduction:

Bond: Bond refers to a debt instrument or debt security that has a longer period for maturity with some component of interest or return to be received on the amount paid on the bond.

The issue price of the bond including accrued interest.

b.

To determine

Concept Introduction:

Amortization: Amortization refers to the method of accounting which lower the booking amount or book value of any loan or any intangible asset over the time period.

To prepare: The amortization table for the bond issue.

c.

To determine

Concept Introduction:

Journalizing: In accounts, for keeping records of all the business transactions properly, journalizing is being done for the transactions. Thus, it helps to track the transactions in chronological order as well as to maintain the records too.

To prepare: The journal for recording the required entries on the date of issue and on the first two interest dates in 2018 of June 30 and December 31.

d.

To determine

Concept Introduction:

Journalizing: In accounts, for keeping records of all the business transactions properly, journalizing is being done for the transactions. Thus, it helps to track the transactions in chronological order as well as to maintain the records too.

To prepare: The journal for recording early retirement of the bond.

Expert Solution & Answer

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Answer 5

Chapter 14, Problem 14.7P

a.

To determine

Concept Introduction:

Bond: Bond refers to a debt instrument or debt security that has a longer period for maturity with some component of interest or return to be received on the amount paid on the bond.

The issue price of the bond including accrued interest.

b.

To determine

Concept Introduction:

Amortization: Amortization refers to the method of accounting which lower the booking amount or book value of any loan or any intangible asset over the time period.

To prepare: The amortization table for the bond issue.

c.

To determine

Concept Introduction:

Journalizing: In accounts, for keeping records of all the business transactions properly, journalizing is being done for the transactions. Thus, it helps to track the transactions in chronological order as well as to maintain the records too.

To prepare: The journal for recording the required entries on the date of issue and on the first two interest dates in 2018 of June 30 and December 31.

d.

To determine

Concept Introduction:

Journalizing: In accounts, for keeping records of all the business transactions properly, journalizing is being done for the transactions. Thus, it helps to track the transactions in chronological order as well as to maintain the records too.

To prepare: The journal for recording early retirement of the bond.

Answer 6

Chapter 14, Problem 14.7P

a.

To determine

Concept Introduction:

Bond: Bond refers to a debt instrument or debt security that has a longer period for maturity with some component of interest or return to be received on the amount paid on the bond.

The issue price of the bond including accrued interest.

Answer 7

Chapter 14, Problem 14.7P

a.

To determine

Concept Introduction:

Bond: Bond refers to a debt instrument or debt security that has a longer period for maturity with some component of interest or return to be received on the amount paid on the bond.

The issue price of the bond including accrued interest.

Answer 8

b.

To determine

Concept Introduction:

Amortization: Amortization refers to the method of accounting which lower the booking amount or book value of any loan or any intangible asset over the time period.

To prepare: The amortization table for the bond issue.

Answer 9

b.

To determine

Concept Introduction:

Amortization: Amortization refers to the method of accounting which lower the booking amount or book value of any loan or any intangible asset over the time period.

To prepare: The amortization table for the bond issue.

Answer 10

c.

To determine

Concept Introduction:

Journalizing: In accounts, for keeping records of all the business transactions properly, journalizing is being done for the transactions. Thus, it helps to track the transactions in chronological order as well as to maintain the records too.

To prepare: The journal for recording the required entries on the date of issue and on the first two interest dates in 2018 of June 30 and December 31.

Answer 11

c.

To determine

Concept Introduction:

Journalizing: In accounts, for keeping records of all the business transactions properly, journalizing is being done for the transactions. Thus, it helps to track the transactions in chronological order as well as to maintain the records too.

To prepare: The journal for recording the required entries on the date of issue and on the first two interest dates in 2018 of June 30 and December 31.

Answer 12

d.

To determine

Concept Introduction:

Journalizing: In accounts, for keeping records of all the business transactions properly, journalizing is being done for the transactions. Thus, it helps to track the transactions in chronological order as well as to maintain the records too.

To prepare: The journal for recording early retirement of the bond.

Answer 13

d.

To determine

Concept Introduction:

Journalizing: In accounts, for keeping records of all the business transactions properly, journalizing is being done for the transactions. Thus, it helps to track the transactions in chronological order as well as to maintain the records too.

To prepare: The journal for recording early retirement of the bond.

Answer 14

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Answer 15

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Answer 16

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Answer 17

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Bond: Bond refers to a debt instrument or debt security that has a longer period for maturity with some component of interest or return to be received on the amount paid on the bond. The issue price of the bond including accrued interest.

Concept Introduction: Bond: Bond refers to a debt instrument or debt security that has a longer period for maturity with some component of interest or return to be received on the amount paid on the bond. The issue price of the bond including accrued interest.

Concept Introduction: Amortization: Amortization refers to the method of accounting which lower the booking amount or book value of any loan or any intangible asset over the time period. To prepare: The amortization table for the bond issue.

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Chapter 14 Solutions

Concept Introduction:

Bond: Bond refers to a debt instrument or debt security that has a longer period for maturity with some component of interest or return to be received on the amount paid on the bond.

The issue price of the bond including accrued interest.

Concept Introduction:

Amortization: Amortization refers to the method of accounting which lower the booking amount or book value of any loan or any intangible asset over the time period.

To prepare: The amortization table for the bond issue.