Annapolis Corporation paid $270,000 to retire bonds with a face value of $300,000 and a book value of $290,000. Prepare the worksheet entry (in journal entry format) to record the retirement of these bonds for Annapolis Corporation’s statement of cash flows.

D4.   As of december 31, 2019, Sandy Beach had $9,500,000 in 4.5 percent serial bonds outstanding. Cash of $509,000 is the debt service fund’s only asset as of December 31, 2019, and there are no liabilities. The serial bonds pay interest semiannually on January 1 and July 1, with $500,000 in bonds being retired on each interest payment date. Resources for payment of interest are transferred from the General Fund, and the debt service fund levies property taxes in an amount sufficient to cover principal payments.

The company Milly works for has issued $110,000, 9%, three-year bonds at 102. Milly has been asked to determine the total cash to be paid to bondholders. Which of the following is the correct amount? O $81,906 O $80,300 O $142,494 O $139,700

(b) Prepare the journal entry to issue $500,000 bonds that sold for $518,000

On January 1, Jim Shorts Corporation issued bonds for $580 million. This bond issue was originally issued at premium. During the same year, $1,500,000 of the bond premium was amortized. On a statement of cash flows prepared using the indirect method, Jim Shorts Corporation should report: O that $1.5 million to be added to net income O An investing activity of $580 million. O A financing activity of $300 million. O that $1.5 million to be deducted from net income

Prepare journal entries to record the following transactions involving short-term debt investments.

(a) Prepare the journal entry to issue $500,000 bonds that sold for $470,000. (b) Prepare the journal entry to issue $500,000 bonds that sold for $518,000.

On, January 25, 2025 Samantha corporation purchases investment bonds in Tyler corporation for $20,000 cash. The bonds paid 10% semiannually, and had accrued interest for $250 at the time of the purchase. Record the transaction.

ABC Company retired bonds with a face amount of $1,000,000 paying $800,000 in cash. Prepare the journal entry to record the retirement of these bonds ABC Company retired bonds with a face amount of $1,000,000 paying $1,200,000 in cash Prepare the journal entry to record the retirement of these bonds.