M Question 15 - Chapter 7 Homew X Homework Help - Q&A from Onl x Courses x + X C https://ezto.mheducation.com/ext/map/index.html?_con=con&external_browser=0&launchUrl=https... . . . . Import favorites Mail - Jessie Tomlin... Online Converter _ parent portal Amazon.com - Onli... tamucc a Amazon Blackboard Learn > Other favorites Chapter 7 Homework i Saved Help Save & Exit Submit Check my work 15 Required information Part 1 of 4 Problem 7-31 (Algo) Bonds payable-calculate issue price and amortize discount LO 8 [The following information applies to the questions displayed below.] 1.53 On January 1, 2019, Drennen Inc. issued $5.1 million face amount of 8-year, 14% stated rate bonds when market points interest rates were 12%. The bonds pay semiannual interest each June 30 and December 31 and mature on December 31, 2026. Table 6-4, Table 6-5 (Use appropriate factor from the table provided.) eBook References Problem 7-31 (Algo) Part a Required: a. Calculate the proceeds (issue price) of Drennen Inc.'s bonds on January 1, 2019, assuming that the bonds were sold to provide a market rate of return to the investor. (Round PV factor to 4 decimal places.) Proceeds Mc Graw Hill Type here to search 9 amazon C 11:48 AM Rain coming 4/7/2023 FEM Question 16 - Chapter 7 Homew X Homework Help - Q&A from Onl x Courses x + X C https://ezto.mheducation.com/ext/map/index.html?_con=con&external_browser=0&launchUrl=https... . . . . Import favorites Mail - Jessie Tomlin... Online Converter parent portal Amazon.com - Onli... tamucc a Amazon Blackboard Learn > Other favorites Chapter 7 Homework i Saved Help Save & Exit Submit Check my work 16 Problem 7-31 (Algo) Part b - Horizontal model Part 2 of 4 b-1. Assume instead that the proceeds were $5,070,000. Use the horizontal model to record the payment of semiannual interest and the related discount amortization on June 30, 2019, assuming that the discount of $30,000 is amortized on a straight-line 1.53 basis. Indicate the financial statement effect. (Enter decreases with a minus sign to indicate a negative financial statement effect.) points Balance Sheet Assets Liabilities + Stockholders' Equity + Net Income eBook + References Mc Graw Hill Type here to search 9 V amazon C 11:48 AM Rain coming 4/7/2023 FEM Question 16 - Chapter 7 Homew X Homework Help - Q&A from Onl x Courses x + X C https://ezto.mheducation.com/ext/map/index.html?_con=con&external_browser=0&launchUrl=https... . . . . Import favorites Mail - Jessie Tomlin... Online Converter parent portal Amazon.com - Onli... tamucc a Amazon Blackboard Learn > Other favorites Chapter 7 Homework i Saved Help Save & Exit Submit Check my work 16 Part 2 of 4 the payment of semiannual interest and 30,000 is amortized on a straight-line 1.53 negative financial statement effect.) points Income Statement Net Income E Revenues Expenses eBook Stockholders' Equity = References Mc Graw Hill Type here to search V amazon C 11:48 AM Rain coming 4/7/2023 FEM Question 17 - Chapter 7 Homew( X Homework Help - Q&A from Onl x Courses x + X C https://ezto.mheducation.com/ext/map/index.html?_con=con&external_browser=0&launchUrl=https... . . . . Import favorites Mail - Jessie Tomlin... Online Converter parent portal Amazon.com - Onli... tamucc a Amazon Blackboard Learn > Other favorites Chapter 7 Homework i Saved Help Save & Exit Submit Check my work 17 Required information b-2. Assume instead that the proceeds were $5,070,000. Record the journal entry to show the payment of semiannual interest and the Part 3 of 4 related discount amortization on June 30, 2019, assuming that the discount of $30,000 is amortized on a straight-line basis. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.) 1.53 View transaction list points eBook Journal entry worksheet References Record the semiannual cash payment and amortization of discount. Note: Enter debits before credits. Canoral nohit Credit Mc Graw Hill Type here to search amazon 60 F Cloudy 11:48 AM 4/7/2023 FEM Question 17 - Chapter 7 Homew( X Homework Help - Q&A from Onl x Courses x + X C https://ezto.mheducation.com/ext/map/index.html?_con=con&external_browser=0&launchUrl=https... . . . . Import favorites Mail - Jessie Tomlin... Online Converter parent portal Amazon.com - Onli... tamucc a Amazon Blackboard Learn > Other favorites Chapter 7 Homework i Saved Help Save & Exit Submit Check my work 17 ! Required information Part 3 of 4 Note: Enter debits before credits. 1.53 Event General Journal Debit Credit points 1 eBook References Record entry Clear entry View general journal Mc Graw Hill Type here to search 9 amazon 60 F Cloudy 11:48 AM 4/7/2023 FEM Question 18 - Chapter 7 Homew X Homework Help - Q&A from Onl x / Courses x + X C https://ezto.mheducation.com/ext/map/index.html?_con=con&external_browser=0&launchUrl=https... . . . to Import favorites Mail - Jessie Tomlin... Online Converter _ parent portal Amazon.com - Onli.. tamucc a Amazon Blackboard Learn > Other favorites Chapter 7 Homework i Saved Help Save & Exit Submit Check my work 18 December 31, 2026. Table 6-4, Table 6-5 (Use appropriate factor from the table provided.) Problem 7-31 (Algo) Part c Part 4 of 4 c. If the discount in part b were amortized using the compound interest method, would interest expense for the year ended 1.69 December 31, 2019, be more than, less than, or equal to the interest expense reported using the straight-line method of discount points amortization? eBook References Multiple Choice O Interest expense will be the same. Mc Graw Hill Type here to search amazon 60 F Cloudy 11:49 AM 4/7/2023 FEM Question 18 - Chapter 7 Homew X Homework Help - Q&A from Onl x / Courses x + X C https://ezto.mheducation.com/ext/map/index.html?_con=con&external_browser=0&launchUrl=https... . . . to Import favorites Mail - Jessie Tomlin... Online Converter parent portal Amazon.com - Onli.. tamucc a Amazon Blackboard Learn > Other favorites Chapter 7 Homework i Saved Help Save & Exit Submit Check my work 18 Required information Part 4 of 4 O Interest expense will be the same. 1.69 points O Interest expense will be less. eBook References O Interest expense will be more. Mc Graw Hill Type here to search m V amazon 60 F Cloudy 11:49 AM 4/7/2023 FE