Question: please help with the numbers it keeps telling meni did it wrong on January 1 of this year, Victor Corporation sold bonds with a face

please help with the numbers it keeps telling meni did it wrong
please help with the numbers it keeps telling meni did it wrong
on January 1 of this year, Victor Corporation sold bonds with a

on January 1 of this year, Victor Corporation sold bonds with a face value of S1,580.000 and a coupon rate of 8 percent. The bonds mature in four years and pay interest semiannually every June 30 and December 31. Victor uses the straight line amortization method and also uses a premium account. Assume an annual market rate of interest of 6 percent. (FV of S1, PV of S1. EVA of S1, and PVA of $1 (Use the appropriate factor(s) from the tables provided. Round your final answer to whole dollars.) Required: 1. Prepare the journal entry to record the issuance of the bonds. (If no entry is required for a transaction/event, select "No joumat entry required" in the first account field.) Answer is complete but not entirely correct. No Date General Journal Credit January 01 Debit 1.643,358 Cash Premium on bonds payable Bonds payable 63.358 1.580.000 3. What bonds payable amount will Victor report on its June 30 balance sheet? Answer is complete but not entirely correct. VICTOR CORPORATION Balance Sheet (Partial) At June 30 Long-term liabilities Bonds payable S 1.580,000 Premium on bonds payable IS 97 034 S 1.677,034

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