A corporation issues 14%, 15-year bonds with a par value of $640,000 and semiannual interest payments. On the issue date, the annual market rate for these bonds is 12%, which implies a selling price of 113 1/4. Prepare the journal entry for issuance of these bonds for cash on January 1.

On the first day of the fiscal year, a company issues a $8,300,000, 10%, 8-year bond that pays semiannual interest of $415,000 ($8,300,000 × 10% × ½), receiving cash of $9,267,140. Journalize the first interest payment and the amortization of the related bond premium, round to the nearest dollar. If an amount box does not require an entry, leave it blank. blank   - Select - - Select -     - Select - - Select -     - Select - - Select -

On the first day of the fiscal year, a company issues a $980,000, 8%, 5-year bond that pays semiannual interest of $39,200 ($980,000 x 8% x 1/2), receiving cash of $884,174. Journalize the entry for the issuance of the bonds. If an amount box does not require an entry, leave it blank.

On January 1, Applied Technologies Corporation (ATC) issued $590,000 in bonds that mature in 10 years. The bonds have a stated interest rate of 11 percent. When the bonds were issued, the market interest rate was 11 percent. The bonds pay interest once per year on December 31. Required: 1. Determine the price at which the bonds were issued and the amount that ATC received at issuance. 2. & 3. Prepare the required journal entries to record the bond issuance and the first interest payment on December 31 assuming no interest has been accrued earlier in the year.

On the first day of the fiscal year, a company issues a $500,000, 8%, 10-year bond that pays semiannual interest of $20,000 ($500,000 × 8% × 1/2), receiving cash of $530,000. Journalize the entry for the issuance of the bonds. If an amount box does not require an entry, leave it blank.

A company issues $90,000 of 6%, 10-year bonds dated January 1 that pay interest semiannually on each June 30 and December 31. If the issuer accepts $85,000 for the bonds, the issuer will record the sale with a (debit/credit) credit to Discount on Bonds Payable in the amount of $

On the first day of the fiscal year, a company issues a $7,300,000, 8%, 10-year bond that pays semiannual interest of $292,000 ($7,300,000 × 8% × ½), receiving cash of $5,991,433. 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.

On the first day of the fiscal year, a company issues an $609,000, 10%, five-year bond that pays semiannual interest of $30,450 ($609,000 x 10% x 1/2), receiving cash of $572,500. Journalize the entry to record the first interest payment and the amortization of the related bond discount using the straight-line method.

On January 1, Year 1, a company issues $570,000 of 7% bonds, due in 10 years, with interest payable semiannually on June 30 and December 31 each year. Assuming the market interest rate on the issue date is 8%, the bonds will issue at $531,269.   Record the bond issue on January 1, Year 1, and the first two semiannual interest payments on June 30, Year 1, and December 31, Year 1. DATE GENERAL JOURNAL DEBIT CREDIT Jan 1       June 30       Dec 31

On the first day of the fiscal year, a company issues a $980,000, 10%, 5-year bond that pays semiannual interest of $49,000 ($980,000 x 10% × 1/2), receiving cash of $884,178. Journalize the entry to record the issuance of the bonds. If an amount box does not require an entry, leave it blank.