A $500,000 bond issue on which there is an unamortized discount of $34,000 is redeemed for $473,000. Journalize the redemption of the bonds. If an amount box does not require an entry, leave it blank.     Bonds Payable  fill in the blank 2 fill in the blank 3   Discount on Bonds Payable  fill in the blank 5 fill in the blank 6   Gain on Redemption of Bonds  fill in the blank 8 fill in the blank 9   Cash  fill in the blank 11

Q: Issuing Bonds at a Premium

A: Bonds issued at premium means bonds issued at a price higher than par value.

Q: 2019 RENTALS S $490,000 bond issue on which there is an unamortized discount of $33,000 is redeemed…

A: The bonds are the financial instruments that are used to raise money from the market or investors.…

Q: n the basis of the details of the following bonds payable and related discount accounts, indicate…

A: This statement reports all the cash transactions which are responsible for inflow and outflow of…

Q: A $505,000 bond issue on which there is an unamoritizer discount of $37,000 is redeemed for…

A: As we know that the term redemption has various utilizations in the money and business world,…

Q: Coronado Industries retires its $680000 face value bonds at 103 on January 1, following the payment…

A: The redemption of bonds referrers when the issuer calls the bonds and pays the face value of bonds…

Q: Medhurst Corporation issued $92,700 in bonds for $90,000. The bonds had a stated rate of 10% and pay…

A: Premium (Discount) on bonds issue = Selling price of the bonds - Face value of bonds = $90,000 -…

Q: An $800,000 bond issue on which there is an unamortized premium of $57,000 is redeemed for $785,000.…

A: Answer-    Working Note :  I. Bonds' carrying value = face value + unamortized premium = $800,000 +…

Q: Your answer is correct. Prepare the journal entry to record the redemption of the bonds at maturity,…

A: Gain on redemption of bonds =  carrying value of bond payable + unamortized premium on Bonds payable…

Q: Hi! I am having trouble doing my accounting homework, coudl you help me complete it. The account…

A: Premium on Bonds Payable=Bond Issue Value-Bond Face Value

Q: Issuing Bonds at a Discount On the first day of the fiscal year, a company issues a $4,500,000,…

A: Bonds: To raise the funds and finance the operations of the company, money is borrowed from the…

Q: On January 1, Year 1, DIBA Company had a balance of $464,000 in its Bonds Payable account. During…

A: Answer -  Cashflow from Financing Activities indicates cash flows between a business, its owners,…

Q: Blossom Company issues $3.2 million, 10-year, 9% bonds at 96, with interest payable on December 31.…

A: 1. Date Account Titles and Explanation Debit Credit Jan. 1 Cash ($3,200,000*96/100)…

Q: Bonds Payable has a balance of $908,000 and Premium on Bonds Payable has a balance of $9,988. If the…

A: Introduction: Bonds payable are recorded when a company issues bonds to make income. Because it is a…

Q: Pls help stepwise thanks. ..

A: Reference: Redeeming Bonds Payable | Financial Accounting. (n.d.).…

Q: A $500,000 bond issue on which there is an unamortized discount of $50,000 is redeemed for $475,000.…

A: Given Information:  Issue of bonds = $500,000 Unamortized discount = $50,000 Redeemed for = $475,000

Q: On the first day of the fiscal year, a company issues a $8,000,000, 9%, 10-year bond that pays…

A: Bonds are kinds of loan with regular interest payment and mature after certain period  of times.

Q: Bonds Payable has a balance of $880,000 and Premium on Bonds Payable has a balance of $9,680. If the…

A: Amount paid on redemption = Face value of bonds x redemption price /100 = $880,000 x 102/100 =…

Q: None

A: Bonds : Bonds are type of financial instruments issued by government or corporations to borrow…

Q: At the end of the current year, the bond accounts of Hobeen Services showed the following balances:…

A: On the retirement of bonds: There will be cash outflow. Liabilities would be decreased. any…

Q: Medhurst Corporation issued $91,900 in bonds for $89,000. The bonds had a stated rate of 6% and pay…

A: Bonds are a form of debt or loan issued by the company, on which business has to make regular…

Q: ssuing Bonds at a Discount 1. On the first day of the fiscal year, a company issues a $8,200,000,…

A: A bond issued on discount:-When a company issue a bond less than its par value is known as a bond…

Q: The journal entry on the maturity date to record the retirement of bonds with a face value of…

A: Bonds payable are repaid at the time of maturity where the cash is credited and the bonds payable…

Q: A $375,000 bond issue on which there is an unamortized discount of $40,000 is redeemed for $320,000.…

A: Formula: Gain (loss) on bonds redemption = Face value of bonds - Redemption value - Unamortized…

Q: A $288,000 bond was redeemed at 98 when the carrying amount of the bond was $280,800. The entry to…

A: Lets understand the basics. For calculating gain/loss on redemption of carrying value of bond, we…

Q: A $530,000 bond issue on which there is an unamortized discount of $42,000 is redeemed for $476,000.…

A: The bonds are issued at discount when market rate is higher than the coupon rate of bonds payable.

Q: Redemption of Bonds Payable A $950,000 bond issue on which there is an unamortized premium of…

A: Bonds payable $950,000 Unamortized premium $78,000 Cash paid $802,000

Q: A$1,000,000 bond is issued on 7/1. The transaction is recorded on 7/1 by the UCF Bicycle Vending…

A: Bonds: Bonds are long-term promissory notes that are issued by a company while borrowing money from…

Q: QUESTION 10 A $545,000 bond issue on which there is an unamortized discount of $44,000 is redeemed…

A: Bonds payable = $ 545000 Discount = $ 44000 Cash = $ 474000

Q: Issuing Bonds at a Discount On the first day of the fiscal year, a company issues a $3,300,000, 12%,…

A: When the market rate is not the same as the stated or contracted rate the bond payable and cash will…

Q: I have managed to find bonds payable and cash but I'm not sure how to find  preimium on bonds…

A: Bonds Payable: Bonds payable are referred to long-term debts of the business, issued to various…

Q: Issuance of Long-Term Debt Anne Corp. issued $366,000, 5% bonds. Required: Provide the necessary…

A:

Q: nstructions On the first day of the fiscal year, a company issues a $5,000,000, 7%, five-year bond…

A: Bond is a instrument which has a fixed income and is issued by the borrower, one needs the money to…

Q: On the first day of the fiscal year, a company issues a $4,000,000, 9%, 10-year bond that pays…

A: Bonds :Bonds is a long-term debts issued by the government and companies to raise funds for their…

Q: A $400,000 bond issue on which there is an unamortized premium of $25,000 is redeemed for $450,000.…

A: Journal Entry: Journal entry is the act of keeping records of transactions in an accounting journal.…

Q: A $530,000 bond issue on which there is an unamortized discount of $37,000 is redeemed for $462,000.…

A: Journal entry: Journal entry is a set of economic events which can be measured in monetary terms.…

Q: Bonds Pavable has a balance of $1.184.000 and Discount on Bonds Payable has a balance of $11.840. If…

A: Let’s assume the par value is $100 Total number of bonds issued would be : $11,84,000 / $100 i.e…

Q: On the first day of the fiscal year, a company issues a $7,500,000, 6%, 8-year bond that pays…

A: Bonds are issued at a discount when market interest rate is higher than stated rate. Bonds are…

Q: Plz help this is all the information for this question

A: Part 2: Explanation:Step 1: Assumption 1- The issuance of the bonds is recorded by debiting cash and…

Q: Campbell, Inc. produces and sells outdoor equipment. On July 1, 20Y1, Campbell issued $40,000,000 of…

A: BOND Bond is a Financial Securities which is Generally Issued by the Corporation's, Government…

Q: On the first day of the fiscal year, a company issues a $3,900,000, 8%, 7-year bond that pays…

A: Bonds :Bonds is a long-term debts issued by the government and companies to raise funds for their…

Q: Bonds Payable has a balance of $1,040,000 and Discount on Bonds Payable has a balance of $10,400. If…

A: Bonds :Bonds is a long-term debt issued by the government and companies to raise funds for their…

Q: Bonds with a face value of $1,000 were issued for $1,080. Which ONE of the following would be…

A: As posted multiple independent questions we are answering only first question kindly repost the…

Q: eBook Show Me How G ← 10 (5) Up Issuing Bonds at a Discount On the first day of the fiscal year, a…

A: You can add to or modify the accounting for a financial transaction using a journal entry. The total…