Question: please help Submit #4 Ch.9 810 (90 min.) Help Save & Exit On January 1, Parson Freight Company issues 70%, 10-year bonds with a par



Submit #4 Ch.9 810 (90 min.) Help Save & Exit On January 1, Parson Freight Company issues 70%, 10-year bonds with a par value of $4,000,000. The bonds pay interest semiannually. The market rate of interest is 8.0% and the bond selling price was $3,728.197. The bond issuance should be recorded as: Multiple Choice O Debit Cash $3,728.197. debit interest Expense $271.803, credit Bonds Payable $4.000.000 O Debit Cash $3,728,197, credit Bonds Payable $3728,197 o o Debit Cash $4,000,000, credit Bonds Payable $4,000,000 O Debit Cash $3728,197, debit Discount on Bonds Payable $271803, credit Bonds Payable $4.000.000 O Debit Cash $4,000,000 credit Bonds Payable $3.728197 credit Discount on Bonds Payable $271,803 O Re * 009 Sub Help Save & Ext Charger Company's most recent balance sheet reports total assets of $31,347000, total liabilities of $18.447.000 and total equity of $12.900.000. The detto e ratio for the period is (rounded to two decimals): Multiple choice O.41 O 143 170 Co59 o70 Prev 32 of 33 Next | 9 Clobber Company has bonds outstanding with a par value of $117,000 and a carrying value of $107.500. If the company calls these bonds at a price of $103.500 the gain or loss on retirement is: Murtiple choice $13 soo l. $9500 gain $9,500 l. $4,000 l. $4,000 gain. Prev 31 of 33 Next 9 am a h. 9 &10 (90 min.) 0 Help Save & Submit A company issues 10% bonds with a par value of $160,000 at par on January 1. The market rate on the date of isance was 9%. The bonds pay interest semiannually on January 1 and July 1. The cash paid on July 1 to the bond holders) is: Multiple Choice o $16,000 o o o o $7,200. -arch 29 earch
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