Question Make journal of Jackie as the tuition was paid by her parents. Question 1. On January 1st, 2023, XYZ Ltd. issued $12 million worth of bonds with a coupon rate of 8% payable annually on December 31st of each year. The bonds mature on December 31st, 2032. Calculate the amount of annual coupon payment that bondholders would receive.

2. ABC Inc. issued $20 million worth of bonds on January 1st, 2022. The bonds mature on December 31st, 2032 and carry an annual coupon rate of 7% payable semi-annually on June 30th and December 31st of each year. A market interest rate of 9% was effective throughout 2022. Calculate the amount of premium or discount on the bonds issued.

3. DEF Ltd. generates a total cash flow of $197 million in a boom year and $88 million in a recession. The company's required debt payment at the end of the year is $122 million. The market value of the company's outstanding debt is $95 million. Calculate the expected return on the company's debt.

4. GHI Inc. had beginning Capital of $90,000 and JKL Inc. had beginning Capital of $60,000. During 2022, the partnership earned an income of $80,000. GHI made drawings of $24,000, while JKL made drawings of $18,000. Calculate the amount of income that GHI and JKL would receive based on their agreement for income sharing (45% to GHI and 55% to JKL).

5. MNO Ltd. issued $30 million worth of bonds on January 1st, 2021. The bonds mature on December 31st, 2030 and carry an annual coupon rate of 9% payable semi-annually on June 30th and December 31st of each year. A market interest rate of 11% was effective throughout 2021. Calculate the amount of the bond's issue price.

6. PQR Inc. has a total revenue of $100 million and total expenses of $80 million. Calculate the company's net income.

7. STU Ltd. had an opening balance of $100,000 in its cash account. During the year, the company made sales of $500,000, collected $400,000 from customers, and made payments of $350,000 for operating expenses. Calculate the closing balance in the company's cash account.

8. VWX Inc. had beginning inventory of $50,000. During the year, the company purchased goods worth $80,000 and sold goods worth $120,000. Calculate the company's cost of goods sold.

9. YZ Ltd. has a total asset of $500,000 and total liabilities of $300,000. Calculate the company's equity.

10. ABCD Inc. had an opening balance of $100,000 in its accounts receivable account. During the year, the company made sales of $500,000 and collected $450,000 from customers. Calculate the closing balance in the company's accounts receivable account. Please advise:

The beginning fund balance for each are as follows:

Committed -Public Safety- (18275) Committed- Pubic Works- Assigned-Health and Welfare- (24750)

At year-end, an analysis by the city's finance department determined the following constraints on resources in the General Fund. Prepare the appropriate journal entry in the General Fund to reclassify amounts between Fund BalanceUnassigned and the fund balance accounts corresponding to the constraints shown below. You should consider the beginning of year balances in fund balance accounts in calculating the amounts to be reclassified.

Account Amount

Fund BalanceCommittedPublic Safety $21,300

Fund BalanceCommittedPublic Works 12,790

Fund BalanceAssigned Health and Welfare 19,500

Fund BalanceNonspendableInventory of Supplies 6,000

Answer rating: 100% (QA)

Journal Entry for Jackies Tuition Payment Date Date of Tuition Payment Account Debit Credit Tuition ... View the full answer