Question: Bond Discount and Premium Chapter 14 chris issues 2 year semi annual bonds at with par value $104,000 7% annual contract rate for $99,484 on

Bond Discount and Premium Chapter 14 chris issues 2 year semi annual bonds at with par value $104,000 7% annual contract rate for $99,484 on December 31st 2015 What will be the total interest on the bonds VALUE RATE PAYMENTS INTEREST 104000 0.07 DISC DISC ON B.P. INT EXPENSE Show the entry to record the sale of the bonds CASH DISC BP

Show what the interest payments will be INT EXP DISC CASH

What will total interest expense be at end of two years_______________???

Show the final entry to pay off the bond BP CASH Bond Issue Premium straight line method

Chris issues 2 year semi annual bonds at with par value $104,000 7% annual contract rate for $108,516 on December 31st 2015 What will be the total interest on the bonds VALUE RATE PAYMENTS INTEREST 104000 0.07 PREMIUM INTEREST EXPENSE Show the entry to record the sale of the bonds CASH PREM BP Show what the interest payments will be INT EXP PREM CASH

Show total interest expense at end of two years _________________???

Show the final entry to pay off the bond BP CASH

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer

Step: 1 Unlock blur-text-image

Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock

Step: 3 Unlock

Students Have Also Explored These Related Accounting Questions!

1) Shawn issues 2 year semi annual bonds at with par value $120000 9% annual contract rate for $132516 on December 31st 2015 What will be the total interest expense on the bonds Show the entry to...

JOE issues 2 year semi annual bonds at with par value $102,000 8% annual contract rate for $95,484 on December 31st 2015 What will be the total interest on the bonds VALUE RATE PAYMENTS INTEREST...

1) Bond Issue Discount straight line method Shawn issues 4 year semi annual bonds at with par value $120,000 10% annual contract rate for $111125 on December 31st 2015 What will be the total interest...

A H BC Name: ankush 1 2 Your score this tab: G 0% 3 The ankush Company issues 5%, 3-year bonds with a par value of $400,000 and semiannual interest payments. On the issue date, the annual market rate...

Citywide Company Issues bonds with a parvalue of $70,000 on thelr stated issue date. The bonds mature In eight years and pay 10% annual interest in semiannual payments. On the ssue date, the annual...

how is the deferred loss calculated on problem 38? other soloutions have a different number. ch08 Student: ___________________________________________________________________________ 1. Cutler...

Steinberger Company issued 10-year, 8% bonds with a par value of $1,000,000 on January 2, 2009, for $1,040,000. Interest is payable semiannually on June 30 and December 31. On December 31, 2010,...

ANSWER ALL THE QUESTIONS Question 1 Khaki & Sons Limited (KSL) is a family business that deals in car spare parts. It is one of the largest dealers in car spare parts in Uganda. Since inception in...

1. Charger Company's most recent balance sheet reports total assets of $29,375,000, total liabilities of $16,875,000 and total equity of $12,500,000. The debt to equity ratio for the period is...

1. Calculate the cost of each capital component, after-tax cost of debt, cost of preferred, and cost of equity with the DCF method and CAPM method. 2. What do you estimate the company?s WACC? Please...

Consider a gas whose molecules have an average kinetic energy of 1eV. What is the temperature of the gas?

Sandra and Renee each own 50% of the stock of Olive, an S corporation. They acquired their stock four years ago when Olive was formed. They have decided to dispose of their ownership interests in the...

Which of the following statements on "Technical Analysts" are TRUE? Group of answer choices Technical Analysts assume that prices can be predicted Technical Analysts assume that prices can not be...

1 8 . tWhat is a variable? How to name, declare, initialize, display and modify it ?