A ten-year $8,000,000 bond is issued on January 1, 20xx with a 6% stated interest rated. Interest is paid semiannually on June 30 and December 31st. What is the amount that would be recorded as interest expense on June 30, 20xx (the first interest payment), assuming that no interest expense has been recorded since the bond was issued on January 1st? Fill in the blank with your calculated number. DO NOT include commas, $ signs, period, decimal points, etc., just enter the raw number. Webcourses will add commas to your answer automatically. For example, if you calculated the answer to be $24,123, you would only input: 24123

On January 1, 20xx, the following bond was issued. $ 30,000 at 5%, term 3 years to 98. The bonds pay annual interest as of December 31. to. Prepare the entry of the bond purchase at 1/1 / 20xx b. Prepare bond amortization table for the 3 periods c. With this table prepare the accrued interest entry at 12/31 / 20xx d. Prepare the interest payment entry after the accrual of interest at the end of the first period

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1. On January 1, a company issues bonds dated January 1 with a par value of $300,000. The bonds mature in 5 years. The contract rate is 9%, and interest is paid semiannually on June 30 and December 31. The market rate is 8% and the bonds are sold for $312,177. The journal entry to record the issuance of the bond is: Debit Cash $312,177; credit Discount on Bonds Payable $12,177; credit Bonds Payable $300,000. Debit Cash $300,000; debit Premium on Bonds Payable $12,177; credit Bonds Payable $312,177. Debit Bonds Payable $300,000; debit Interest Expense $12,177; credit Cash $312,177. Debit Cash $312,177; credit Premium on Bonds Payable $12,177; credit Bonds Payable $300,000. Debit Cash $312,177; credit Bonds Payable $312,177.

On January 1, Innovative Solutions, Inc., issued $200,000 in bonds at face value. The bonds havea stated interest rate of 6 percent. The bonds mature in 10 years and pay interest once per year onDecember 31.Required:1. Prepare the journal entry to record the bond issuance.2. Prepare the journal entry to record the first interest payment on December 31. Assume nointerest has been accrued earlier in the year.3. Assume the bonds were retired immediately after the first interest payment at a quoted priceof 101. Prepare the journal entry to record the early retirement of the bonds.

On January 1, Topeka Outfitters issued $175,000 of 6%, 3-year bonds when the market rate of interest was 10%. The bonds pay interest semiannually on June 30 and December 31.  Prepare an amortization table for the bond issue.

On Jan. 1, Year 1, Foxcroft Inc. issued 110 bonds with a face value of $920 for $105,200. The bonds had a stated rate of 10% and paid interest semi-annually. What is the journal entry to record the issuance of the bonds? If an amount box does not require an entry, leave it blank. Jan. 1   fill in the blank 2 fill in the blank 3     fill in the blank 5 fill in the blank 6     fill in the blank 8 fill in the blank 9

Please do not give solution in image format ?

Question 2: Part i: The following balances are taken from the books of George Anderson at the end of his first year trading on 31 December 2014. Debit Credit %24 Sales 40000 Purchases 18500 Wages and salaries 5100 Repairs and maintenance 1300 Heating and lighting 900 General expenses 1200 Insurance 800 Cash at bank 2200 Cash in hand 1300 Trade receivables 4100 Trade payables 3400 Premises 30000 Fixtures and fttings 10000 Motor vehicle 8000 Capital at 1 January 2014 52000 Drawings 12000 95400 95400 The following additional information is available: Inventory at 31 December 2014 was valued at $4500. Required: (a) Prepare income statement for the year ended 31 December 2014. (b) Prepare a balance sheet as at 31 December 2014. Part ii: The income statement is a mandatory statement that must be prepared and disclosed for the investors, owners, government and tax authorities. The objective of preparing the income statement is to calculate the net profit or loss. Consider the following income…

please fill the pictures out Quatro Company Issues bonds dated January 1, 2021, with a par value of $790.000. The bonds' annual contract rate Is 9%, and Interest Is pald semiannually on June 30 and December 31. The bonds mature In three years. The annual market rate at the date of Issuance Is 8%, and the bonds are sold for $810.694. 2 How much total bond Interest expense will be recognized over the Iife of these bonds? 3. Prepare a straight-line amortization table for these bonds.