On January 1, 2023, Ultra Vision Corp. issued $1,300,000 of 20-year 8.5% bonds that pay interest...
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On January 1, 2023, Ultra Vision Corp. issued $1,300,000 of 20-year 8.5% bonds that pay interest semiannually on June 30 and December 31. Assume the bonds were sold at (1) 96; and (2) 104. Journalize the issuance of the bonds at 96 and 104. (Do not round intermediate calculations. Round the final answers to the nearest whole dollar.) View transaction list Journal entry worksheet < 1 2 Record the sold bonds at a premium. Note: Enter debits before credits. Date January 01, 2023 General Journal Debit Credit Record entry Clear entry View general journal Huskey Mining Corporation issued bonds with a par value of $103,000 on January 1, 2023. The annual contract rate on the bonds is 8.00%, and the interest is paid semiannually. The bonds mature after three years. The annual market interest rate at the date of issuance was 10.00%, and the bonds were sold for $97,772. a. What is the amount of the original discount on these bonds? Discount b. How much total bond interest expense will be recognized over the life of these bonds? (Do not round intermediate calculations. Round the final answer to the nearest whole dollar.) Total interest expense On January 1, 2023, Ultra Vision Corp. issued $1,300,000 of 20-year 8.5% bonds that pay interest semiannually on June 30 and December 31. Assume the bonds were sold at (1) 96; and (2) 104. Journalize the issuance of the bonds at 96 and 104. (Do not round intermediate calculations. Round the final answers to the nearest whole dollar.) View transaction list Journal entry worksheet < 1 2 Record the sold bonds at a premium. Note: Enter debits before credits. Date January 01, 2023 General Journal Debit Credit Record entry Clear entry View general journal Huskey Mining Corporation issued bonds with a par value of $103,000 on January 1, 2023. The annual contract rate on the bonds is 8.00%, and the interest is paid semiannually. The bonds mature after three years. The annual market interest rate at the date of issuance was 10.00%, and the bonds were sold for $97,772. a. What is the amount of the original discount on these bonds? Discount b. How much total bond interest expense will be recognized over the life of these bonds? (Do not round intermediate calculations. Round the final answer to the nearest whole dollar.) Total interest expense
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