Question: can someone solve it with cell referncing plesse On January 1, 2021, Blossom Satellites issued $1,680,000, 10-year bonds. The bonds pay semi-annual interest on July

can someone solve it with cell referncing plesse

On January 1, 2021, Blossom Satellites issued $1,680,000, 10-year bonds. The bonds pay semi-annual interest on July 1 and January 1, and Blossom has a December 31 year end. A partial bond amortization schedule is presented below: Interest Payment Interest Expense Amortization Semi-Annual Interest Period Jan. 1,2021 July 1, 2021 Jan. 1,2022 July 1, 2022 Jan 1, 2023 July 1, 2023 Jan 1, 2024 $(1) 50,400 50,400 50,400 50,400 50,400 $(2) 54.769 54.922 55,081 55.244 55,414 $4.222 4,369 (3) [4] 4,844 5,014 Bond Amortized Cost $1,560,616 1.564,838 1,569.207 1,573,729 [5] 1.583.254 1,588,268 46 47 h) on January 1, 2024, after paying the semi-annual interest, the company redeems the bonds at 101. Record the redemption of the bonds on January 1, 2024. Account title 48 49 Date Debit Credit 50 51 52 53 54 55 56 57 58 59 60 61 62 64

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!

can someone solve it please with cell referencing On January 1, 2021, Blossom Satellites issued $1,680,000, 10-year bonds. The bonds pay semi-annual interest on July 1 and January 1, and Blossom has...

On January 1, 2021, Blossom Satellites issued $1,040,000, 10-year bonds. The bonds pay semi-annual interest on July 1 and January 1, and Blossom has a December 31 year end. A partial bond...

On January 1, 2021, Pharoah Satellites issued $1,180,000, 10-year bonds. The bonds pay semi-annual interest on July 1 and January 1, and Pharoah has a December 31 year end. A partial bond...

3 OT 5 10.69/16 On January 1, 2021. Sheridan Satellites issued $1,200,000, 10-year bonds. The bonds pay semi-annual interest on July 1 and January 1, and Sheridan has a December 31 year end. A...

On January 1, 2021, Crane Satellites issued $1,370,000, 10-year bonds. The bonds pay semi-annual interest on July 1 and January 1, and Crane has a December 31 year end. A partial bond amortization...

On January 1, 2021, Global Satellites issued $1.4-million, 10-year bonds. The bonds pay semi-annual interest on July 1 and January 1, and Global has a December 31 year end. A partial bond...

Question 3 of 5 15.15/1 iew Policies how Attempt History Current Attempt in Progress On January 1, 2021, Sheridan Satellites issued $1,200,000, 10-year bonds. The bonds pay semi-annual interest on...

Need help with part b and c,d,e,f,g,h,i Question 1 On January 1, 2017, Blossom Satellites issued $1,680,000, 10-year bonds. The bonds pay semi-annual interest on July 1 and January 1, and Blossom has...

these are parts of one question so please answer them all. Thanks Question 1 of 4 11.11 / 20 5 View Policies Show Attempt History Current Attempt in Progress On January 1, 2021, Oriole Satellites...

A sumo wrestler (mass M) is at rest at the very end of a flatcar (mass 4M, length L) that is initially at rest. He then moves to the other end of the flatcar. How far does the flatcar move by the...

The time t required to empty a tank varies inversely as the rate r of pumping. If a pump can empty a tank in 35 min at the rate of 800 kL/min, how long will it take the pump to empty the same tank at...

Question 1 0 What is a good way to measure the value of a trand? compare gross profit margins of similar firms in the wame market compare net profit margins of the man compar oretime compare gross...

10) For a bond that pays cash interest (i.e., not a zero coupon bond), YTM is (a) always equal to the coupon rate (b) always equal to the current yield (c) is always less than the coupon rate (d) can...

1 What management systems are operating in African countries (and other post-colonial regions), in different ways in different industries and companies, and how successful are these systems in...

investigating the cultural contributions that non-Western (particularly postcolonial and post-Soviet) approaches can make to global managing;

developing conceptual and empirical links between theoretical formulations of cultural value dimensions and specific manifestations in HRM/people management policies and practices;