Five thousand bonds with a face value of $1000 each, are sold at 105. The entry to record the issuance is Cash 5250000 Bonds Payable 5250000 Cash 5000000 Premium on Bonds Payable Bonds Payable 250000 5250000 Cash 5250000 Premium on Bonds Payable Bonds Payable 250000 5000000 Cash 5250000 Discount on Bonds Payable Bonds Payable 250000 5000000
Q: If $917,000 of 11% bonds are issued at 102 1/2, The amount of cash received from the sale is:
A: Given that bonds are issued at 102 1/2 11% bonds = $ 917000
Q: If $945,000 of 10% bonds are issued at 102 3/4, the amount of cash received from the sale is 4 Oa.…
A: The bonds' face value is $100 per bond. Bonds are issued at a premium of $2.75 at a total issue…
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Q: If $1,000,000 of 8% bonds are issued at 98 1/2, the amount of cash received from the sale is
A: Cash received from the sale of bonds = Face value of bonds x rate at which bonds are issued
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A: A bond refers to the instrument which is issued by the government to borrow money when needed. It is…
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Q: A company received cash proceeds of $206,948 on a bond issue with a par value of $200,000. The…
A: Cash proceeds = $206,948 Par value = $200,000 Premium = 206,948-200,000 = $6,948
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A: Bonds are a form of loan or debt that is being issued by the company, on which regular interest…
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A: Introduction: Journals: Recording of a business transactions in a chronological order. First step in…
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Q: Concord Corporation issues $530,000 of 9% bonds, due in 10 years, with interest payable…
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A:
Q: On the first day of the current fiscal year, $200,000 of 10-year, 7% bonds, with interest payable…
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Q: Journalize the redemption of the bonds
A: Redemption of bond means discharging the liability of bond by paying off it in cash or cash…
Q: If $1,000,000 of 8% bonds are issued at 102.5, the amount of cash received from the sale is
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A: As posted multiple independent questions we are answering only first question kindly repost the…
Q: Cullumber Company issued $400,000 of 5-year, 5% bonds at 95 on January 1, 2022. The bonds pay…
A: Cash received = Number of bonds×Issue Price=$400,000$100×$101=$404,000
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Q: Five thousand bonds with a face value of $1000 each, are sold at 109. The entry to record the…
A: In this numerical has covered the concept of Bonds Payable.
Q: Eddie Industries issues $926,000 of 8% bonds at 102. The amount of cash received from the sale is…
A: Definition: Bonds: Bonds are a kind of interest-bearing notes payable, usually issued by…
Q: 1,000,000 of 8% bonds are issued at 102 3/4, the amount of cash receive
A: The amount of cash received from the sale is $1,027,500
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A: Bonds issue price = $325,500 Bonds face value = $310,000 Premium on bonds issue = Bonds issue price…
Q: Five thousand bonds with a face value of $2000 each, are sold at 89. The entry to record the…
A: Given: Face value of the bond = $ 2000 Price of the bond = $ 89
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Q: Five thousand bonds with a face value of $1000 each, are sold at 107. The entry to record the…
A: In this numerical has covered the concept of Bonds Payable.
Q: Mission Furniture issued $500,000 in bonds payable at par. The journal entry to record asemiannual…
A: Correct answer is d Interest payment on bond is recorded as follows. Interest expenses Dr. Cash…
Q: Five thousand bonds with a face value of $1000 each, are sold at 102. The entry to record the…
A: Journal entries are the entries to be recorded for all the business occurred in the accounting books…
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- Keys Inc. issued 100 bonds with a face value of $1,000 and a rate of 8% at $1,025 each. The journal entry to record this transaction includes ________. A. a credit to Bonds Payable for $102,500 B. a credit to cash for $102,500 C. a debit to cash for $100,000 D. a credit to Premium on Bonds Payable for $2,500Willoughby Inc. issued 100 bonds with a face value of $1,000 and a stated rate of 4% and received $105,000. What is the journal entry to record the sale of the bonds?Allante Corporate issued 50 bonds with a face value of $1,000 and a stated rate of 4% and received $45,000. What is the journal entry to record the sale of the bonds?
- Huang Inc. issued 100 bonds with a face value of $1,000 and a 5-year term at $960 each. The journal entry to record this transaction includes ________. A. a debit to Bonds Payable for $100,000 B. a debit to Discount on Bonds Payable for $4,000 C. a credit to cash for $96,000 D. a credit to Discount on Bonds Payable for $4,000Five thousand bonds with a face value of $2000 each, are sold at 89. The entry to record the issuance is Cash 8900000 Premium on Bonds Payable 1100000 Bonds Payable 10000000 Cash 8900000 Bonds Payable 8900000 Cash 10000000 Discount on Bonds Payable 1100000 Bonds Payable 8900000 Cash 8900000 Discount on Bonds Payable 1100000 Bonds Payable 10000000Five thousand bonds with a face value of $2000 each, are sold at 112. The entry to record the issuance is Cash 11200000 Bonds Payable 11200000 Cash 11200000 Discount on Bonds Payable 1200000 Bonds Payable 10000000 Cash 11200000 Premium on Bonds Payable 1200000 Bonds Payable 10000000 Cash 10000000 Premium on Bonds Payable 1200000 Bonds Payable 11200000
- 6400 bonds with a face value of $1000 each, are sold at 105. The entry to record the issuance is Cash Discount on Bonds Payable Bonds Payable Cash Premium on Bonds Payable Bonds Payable Cash Bonds Payable Cash Premium on Bonds Payable Bonds Payable 6720000 6720000 6720000 6400000 320000 320000 6400000 320000 6400000 6720000 6720000If 70 $1000 bonds with a carrying value of $84000 are redeemed for $79000, the journal entry to record the transaction is Bonds Payable Premium on Bonds Payable Cash Bonds Payable Cash Gain on Bond Redemption Discount on Bonds Payable 14000 Bonds Payable Cash 70000 Bonds Payable 14000 84000 84000 70000 84000 79000 19000 84000 C M Q M oʻOn January 1, Pina Inc. issued $101050000, 9% bonds at 103. The journal entry to record the issuance of the bonds will include O a credit to Bonds Payable for $104081500. a credit to Interest Expense for $3031500. O a credit to Premium on Bonds Payable for $3031500. O a debit to Cash for $101050000.
- The balance in the Bonds Payable account is a credit of $67,000. The balance in the Discount on Bonds Payable account is a debit of $3350. What is the bond's carrying amount?An $800,000 bond issue on which there is an unamortized premium of $57,000 is redeemed for $785,000. Journalize the redemption of the bonds. Refer to the Chart of Accounts for exact wording of account titles.Mission Furniture issued $500,000 in bonds payable at par. The journal entry to record asemiannual interest payment on these bonds woulda. debit Cash and credit Interest Payable.b. debit Cash and credit Interest Expense.c. debit Interest Expense and credit BondsPayable.d. debit Interest Expense and credit Cash.