Question: Help with chapter 10 problems 1. Sylvestor Company issues 10%, ve-year bonds, on December 31, 2016, with a par value of $100,000 and semiannual interest

Help with chapter 10 problems

Help with chapter 10 problems 1. Sylvestor Company issues 10%, ve-year bonds,

1. Sylvestor Company issues 10%, ve-year bonds, on December 31, 2016, with a par value of $100,000 and semiannual interest payments. Use the following bond amortization table and preparejoumal entries to record (a) the issuance of bonds on December 31, 2016; (b) the rst interest payment on June 30, 2017; and (c) the second interest payment on December 31, 2017. HolllinlluunlPeriod-End l'linlllurlia'd Discount ('ilrnillu (0) 133112016 $7,360 $92,640 ( 1) 630112017 6,624 93,376 (2) 1213112017 5,888 94,112 2. Quatro Co. issues bonds dated January 1, 2017, with a par value of $400,000. The bonds' annual contract rate is 13%, and interest is paid semiannually on June 30 and December 31. The bonds mature in three years. The annual market rate at the date of issuance is 12%, and the bonds are sold for $409,850. a) What is the amount of the premium on these bonds at issuance? b) How much total bond interest expense will be recognized over the life of these bonds? c) How would the bond issuance be presented on the balance sheet on the date of issuance

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