LOCK CORPORATION Bond Discount Amortization Effective-Interest Method-Annual Interest Payments Interest Expense to Be Discount Amortization Recorded Unamortized Discount Bond Carrying Value 119,969 1,510,031 $ 90,602 9,102 110,867 1,519,133 91,148 9,648 101,219 1,528,781 91,727 10,227 90,992 1,539,008 LOCK CORPORATION Bond Discount Amortization Effective-Interest Method-Annual Interest Payments, Annual Interest Expense to Be Interest Periods Interest to Be Paid Discount Amortization Recorded Issue date 1 $ 81,500 $ 90,602 $ 9,102 2 81,500 91.148 9,648 3 81,500 91.727 10,227 $ Unamortized D
Q: 2. Change all of the numbers in the data area of your worksheet so that it looks like this: A 1…
A: Year 1 TotalSales 3,000.00 296.00 888,000.00 Cost of Goods…
Q: The dean of the School of Fine Arts is trying to decide whether to purchase a copy machine to place…
A:
Q: Production Budget Weightless Inc. produces a Bath and Gym version of its popular electronic scale.…
A: Production budget for the month ended October 31 is presented hereunder:…
Q: AIF Inc. has been monitoring several activity costs for the prior three years to track the trending…
A: The other options are incorrect because:Instructing did not decrease by 5.54% in 2023; it decreased…
Q: your
A: Step 1: Identify the Specific Identification MethodThe problem specifies using the specific…
Q: djri33e
A: In the 1990s, several notable events reshaped the landscape of how the United States conducted…
Q: please give me answer in step by step with table
A: Here's the completed table:Employee Federal Withholding Tax Social Security Tax (6.2%) Medicare Tax…
Q: Arthur Wesson, an unmarried individual who is age 58, reports taxable income of $510,000 in 2023. He…
A: To compute Arthur's Alternative Minimum Tax (AMT) for 2023, we first calculate his Alternative…
Q: answer in text from with all workings plus proper format no AI NO COPY PASTE
A: To calculate the budgeted cash collections for the month of June, we need to analyze the sales made…
Q: Manji
A: Lavage Rapide Activity Variances - August (without table)Lavage Rapide can analyze its activity…
Q: 10. Powell Corporation includes the following selected accounts in its general ledger at December…
A: Detailed explanation:Liabilities are money or services owed by the company to creditors, suppliers,…
Q: Answer in all option
A: Step 1)Based on the options provided, the following would typically be reported as a cash sale:"Sale…
Q: Augusta Corporation's Golf Division has sales of $201,000, cost of goods sold of $111,000, operating…
A: Return on investment (ROI) is = (Net operating income/Average invested assets)*100Net operating…
Q: Solve it without fail
A: Step 1: Net Assets and Total unsecured creditors *Free assetsLiabilitiesFully secured debts$128,000…
Q: Information on four investment proposals is given below: A B Investment required Present value of…
A: Step 1: The calculation of the profitability index ABCDE1ProjectsInvestmentPV of cash…
Q: 5
A: Completing the divisional income statements for A-One Freight Inc. Here's the breakdown with…
Q: Exercise 23-8 Segment elimination P4 Marin Company makes several products, including canoes. The…
A: Step 1:Answer a.Computation of the income increase or decrease from eliminating the canoe…
Q: Your firm is contemplating the purchase of a new $525,000 computer-based order entry system. The…
A: 2. NPV Calculation (using Excel functions):Scenario 1: Pre-tax Cost Savings = $150,000Excel=NPV(11%,…
Q: The following is the current balance sheet for a local partnership of doctors: Cash and current…
A: Answers: (a) To calculate how much E should invest to receive a 20 percent interest:Total capital of…
Q: On April 30, Year 1, Tilton Products purchased machinery for $88,000. The machinery is expected to…
A: Step 1: Double declining balance method Depreciate machine at twice the rate outlined under…
Q: Payne Corporation has the following amounts as of December 31, 2025. Total assets Total liabilities…
A: Hello student! Debt to Equity ratio indicates if the company leans more on debt or equity for…
Q: Please do not give solution in image format thanku
A: To calculate the investment-to-assets ratio for 2024, we first need to determine the total…
Q: A is a charge against the Owner's property serving notice that some portion of the labor &/or…
A: Option a (Property tax) : This option is incorrect because this is a tax levied by the government on…
Q: Autumn Company began the month of October with inventory of $29,000. The following inventory…
A: Autumn Company Inventory Analysis - OctoberGiven Information:Beginning Inventory: $29,000Purchase on…
Q: None
A: Actual overhead = 219,600Budgeted variable overhead costs = (24,400 hours x $7.45) + 42,900 =…
Q: S k.
A: > Gain on sale of land is an adjustment to net income in operating activities when using indirect…
Q: 12. During the year ended 30 June 2015 Barry Ltd, pays quarterly tax installments as follows: $4000…
A: Step 1: Calculate the total tax paid. October 28, 2014 - $4,000February 28, 2015 - $11,000April 28,…
Q: Freshcrim specializes in the sales of ice cream from street trolleys in the centers of many cities.…
A: To find the estimated regression equation, we'll use simple linear regression: \[ \hat{y} = b_0 +…
Q: 6
A: Residual income is that income which is higher than minimum operating income.Minimum operating…
Q: typing
A: Given data,Voltage, Vs=45∠0°Frequency, F= 10 kHzResistance, R= 20kΩCapacitance, C1 = 100pF, C2…
Q: 6.43 Caroline received the analysis below from an employee concerning four revenue proposals. Ai*,…
A: Part 2: Explanation:Step 1: Calculate the Present Value (PV) of each proposal using the formula:\[…
Q: None
A: Net Present Value (NPV) of Purchase Alternative for Riteway Ad AgencyHere's how to calculate the NPV…
Q: please answer in text form with introduction , concept , explanation, computation , steps clearly…
A: To prepare a corrected, classified balance sheet for Los Gatos Corporation, several adjustments need…
Q: Presented below is a partial amortization schedule for a three-year installment note requiring…
A: Part 2: Explanation:1. To find the principal amount of the note, we look at the initial carrying…
Q: These include both tangible assets such as (b) and intangible assets such as (c). To pay for these…
A: Potential outcomes: The choice regarding the financing of these assets... (concentrates on the…
Q: Rahul
A: Part 2: Explanation:Step 1: Compute the activity rate for each activity cost pool: To calculate the…
Q: Please don't give solution in image format..... please explain proper steps by steps and create…
A: Step 1: Calculate the total gross estate:…
Q: Current Attempt in Progress Your answer is partially correct. In October, Ivanhoe Company reports…
A: To compute the overhead controllable variance, we first need to find the total flexible budget for…
Q: Dineshbhai
A: On April 3, 2027, National Corporation documented the culmination of a significant aspect of its…
Q: Warnerwoods Company uses a periodic Inventory system. It entered into the following purchases and…
A: Step 1: Goods available for sale Goods available for sale are the products from the beginning…
Q: Differential revenue represents – Group of answer choices The differences in revenues expected from…
A: Differential Revenue:Definition: Differential revenue refers to the difference in sales that will be…
Q: Cost and fair value data for the trading debt securities of Ivanhoe Company at December 31, 2022,…
A: To show the budget summary show of exchanging protections on Ivanhoe Organization's monetary record…
Q: The following information was obtained from the financial records of Fine Traders on 28 February…
A: Step 1:Given Information:• Opening balance of trade receivables control account: R13,400• Total…
Q: " Construct a pro forma income statement for a new project proposal Calculate Operating Cash Flow…
A: Calculating Operating Cash Flow:There are four different approaches to calculate operating cash…
Q: Please don't give solution in image format..... please explain proper steps by steps and create…
A: Answers: 1. October 15, 2025:Account TitleDebitCredita. To record the purchase of fuel oil:…
Q: Randall pic is a company that, during the year ended 31 December 2020, paid $25,000 debenture…
A: Answer: a. $215,000Here's how we can find Randall PIC's profit for the year:Dividends:Ordinary…
Q: Chaz Corporation has taxable income in 2023 of $1,312,600 for purposes of computing the $179 expense…
A: Asset-wise Depreciation:Office Furniture (Placed in Service: Sep 12):Doesn't qualify for full year…
Q: If you invest $13,276.21 and want to receive $82,006.97 at the end of 31 years, at what APR must you…
A: You can use the formula for compound interest to get the percentage of the investment that is…
Q: On January 1, 2023, Always Corporation issues $3,200,000, 5-year, 10% bonds for $3,110,000. Interest…
A: Given information, Face value = $3,200,000Issue price = $3,110,000Years to maturity (t) = 5…
Q: Jesse Brimhall is single. In 2023, his Itemized deductions were $12,000 before considering any real…
A: Step 1: Calculate Total Itemized DeductionsJesse's itemized deductions initially amount to $12,000.…
Step by step
Solved in 2 steps
- Use the amortization table to determine how much of the 8th payment is interest E Click the icon to view the amortization table. Amortization Table - X The interest amount af the Bth pnyment is S (Type an integer or a decimal.) Amortization Table Рауment Number Amount of Payment Interest Portion to Principal Principal at End of Period for Perlod $1000.00 $918.93 $86.07 $5.00 $81.07 $86.07 $4.59 $81.48 $837.46 $755.57 $86.07 S4.19 $81.88 $86.07 $3.78 $82.29 5673.28 $86.07 $3.37 $82.70 $590 58 S86.07 $86.07 $2.96 $83.12 $507 46 $423.93 $2.54 $83.53 $83.95 $86.07 $2.12 $339.08 $86.07 $1.70 $1.28 S84.37 $84.79 $255.61 10 $86.07 $170 82 $85.60 11 $86.07 S0.85 $85.22 12 S86.03 $0.43 S05.00 $0.00 Print DoneFrom the partial/incomplete amortization table below. what is the perlodic tgot payment for the 1st period? Interest Раyment Periodie Repayment Outstanding Principal 7,000,000.00 Periodic Period Payment 0. 100,000 00 100,000 00 100,000 00 60,000 00 O P160,000 00 O PI30.000.00 P40,000 00 P60.000 00 0123U. PunUS IOW SIalement Ans: (a) Decrease in WC Rs. 7,000 (b) FFS Rs. 1,08,000; FFO Rs 19. 2073 Set D QNo. 16 Following information are given: Particulars Inventories Debtors General reserve Creditors Cash Year 1 (Rs.) 80,000 2,50,000 20,000 70,000 1,00,000 20,000 Year 2 (Rs. 1,00,000 2,00,000 40,000 1,00,000 1,40,000 25,000 Expenses payable Additional Information: Profit of the year: Rs. 80,000 i. Provision for tax: Rs. 10,000 Required: a. ii. Depreciation on fixed assets: Rs. 20,000 iv. Profit on sales of fixed assets: Rs. 5,000 Schedule of changes in working capital b. Funds from operation Ans: (a) Decrease in WC Rs. 25,000 (b) FFO Rs. 1,05, 20. 2072 Supp Q.No. 16 The following figures are extracted from the two years balance sheet of a company: Year 1 Year 2 Rs. 6,00,000 Rs. 1,50,000 Rs. 5,000 Particulars Share capital Fixed assets Rs. 5,00,000 Rs. 1,00,000 Goodwill Rs. 10,000 Additional Informátion: Net profit: Rs. 75,000 ii. Purchases of fixed assets: Rs. 70,000 Loss on fixed…
- Current Attempt in Progress On July 1, 2021, Swifty Satellites Corporation issued $1,400,000 of 10-year, 9% bonds to yield a market interest rate of 8%. The bonds pay semi-annual interest on July 1 and January 1. Swifty has a December 31 year end and records adjusting entries annually. Swifty received $1,495,137 when issuing the bonds. Click here to view the factor table. (a) Prepare an amortization table through January 1, 2023 (three interest periods) for this bond issue. (Round all amounts to the nearest dollar, e.g. 5,275.) SWIFTY SATELLITES CORPORATION Bond Premium Amortization Semi- annual interest Interest Expense to be Unamortized A 712 28 44 F10 FII 染, 000 F4 F9 F7 FB F5 F1 F2 F3Question Content Area The following information relates to the Davensmith Company: Interest payable, beginning of period $ 60 Bond discount amortization, end of period 40 Interest payable, end of period 10 Total interest expense reported on the income statement 850 Bond discount amortization, beginning of period 70 What was the amount of interest paid? $820 $870 $830 $850Consider the following amortization schedule: Payment # Payment 1 966.45 2 966.45 3 966.45 Interest Debt Payment 750.00 748.92 X 216.45 217.53 Y Balance 149, 783.55 149,566.02 2 With the exception of column one, all amounts are in dollars. Calculate . Give your answer in dollars to the nearest dollar. Do not includo ar or the dollar sign in your answor
- Charles Wilson Company sells 8% bonds having a maturity value of $1,910,000 for $1,765,190.00. The bonds are dated January 1, 2025, and mature January 1, 2030. Interest is payable annually on January 1. Click here to view factor tables.ging interest at j12-6% with monthly payments of $321.50 Calculate the missing amounts in the amortization table. Place the value for A in the first answer box, B in the second and C in the third. %23 PMT Interest Principal Balance 8,000.00 1 321.50 40.00 281.50 7,718.50 2 321.50me * CengageNowv2 | Online teach x keAssignment/takeAssignmentMain.do?invoker-D&takeAssignmentSessionLocator=&inprogress%-false Updar Discount Amortization On the first day of the fiscal year, a company issues a $1,700,000, 9%, 10-year bond that pays semiannual interest of $76,500 ($1,700,000 x 9% x ½), receiving cash of $1,407,515. Journalize the first interest payment and the amortization of the related bond discount. Round to the nearest dollar. If an amount box does not require an entry, leave it blank. Interest Expense 1,407,515 Discount on Bonds Payable Cash
- representing settlement of both the principal and interest on PROBLEM 6: MULTIPLE CHOICE PRODihy A obtained a 12%, P100,000, one-year loan on October 1, 20x1, On October 1, 20x2, Entity A paid the lender P112,000, the loan. The P12,000 total interest should be recognized as interest expense c. partly in 20x1 and partly in 20x2. d. Not recognized as expense a. in 20x1. b. in 20x2. 2. The instance described in #1 above is an application of which of the following accounting concepts? c. Matching d. a and b a. Accrual b. Time period82 How would the carrying value on the amortization table will be computed when an interest-bearing note collectible in installment at the end of each year was received at the beginning of the year? Group of answer choices the previous carrying value deduct the collection to principal and add the nominal interest. the previous carrying value add the amortization of premium and deduct the collection to principal. the previous carrying value add the effective interest and deduct the collection to principal. the previous carrying value add the collection to principal and add the amortization of discount.PROBLEM 6: MULTIPLE CHOICE – COMPUTATIONAL 1. The actuarial valuation report of an entity shows the following information: Present value of defined benefit obligation, Jan. 1 340,000 Current service cost 30,000 Discount rate 10% Benefits paid to retirees Actuarial gain 100,000 60,000 How much is the year-end balance of the present value of defined benefit obligation? a. 210,000 b. 244,000 c. 304,000 d. 364,000