b) The following section is taken from Nolana Sdn Bhd's statement of financial position at December 31, 2020. Current liabilities RM Interest Payable Non-current liabilities 180,000 Bonds Payable, 9%, due January 1, 2025 4,000,000 Interest is payable semi-annually on January 1 and July 1. The bonds are callable on any interest date. Required: i. Journalize the payment of the bond interest on January 1, 2021. ii. Assume that on January 1, 2021, after paying interest, Nolana Sdn Bhd calls bonds having a face value of RM1,600,000. The call price is 104. Record the redemption of the bonds.

On August 1, 2022, Bramble Corp. issued $482,400, 8%, 10-year bonds at face value. Interest is payable annually on August 1. Bramble’s year-end is December 31.     Prepare the journal entry to record the issuance of the bonds. (Credit account titles are automatically indented when amount is entered. Do not indent manually.) Date Account Titles and Explanation Debit Credit Aug. 1 enter an account title to record the issuance of the bonds on August 1 enter a debit amount enter a credit amount   enter an account title to record the issuance of the bonds on August 1 enter a debit amount enter a credit amount   eTextbook and Media List of Accounts         Prepare the journal entry to record the accrual of interest on December 31, 2022. (Credit account titles are automatically indented when amount is entered. Do not indent manually.) Date Account Titles and Explanation Debit Credit Dec. 31 enter an…

PB6. 13.3 Edward Inc. issued bonds with a $500,000 face value, 10% interest rate, and a 4-year term on July 1, 2018 and received $480,000. Interest is payable semiannually. The discount is amortized using the straightline method. Prepare journal entries for the following transactions. A. July 1, 2018: entry to record issuing the bonds B. Dec. 31, 2018: entry to record payment of interest to bondholders C. Dec. 31, 2018: entry to record amortization of discount

Subject  :- account

Sunland Company issues $220,000, 20-year, 8% bonds at 103. Prepare the journal entry to record the sale of these bonds on June 1, 2022. (Credit account titles are automatically indented when amount is entered. Do not indent manually.) Date Account Titles and Explanation June 1 Debit Credit

Assume the bonds in were issued for $644,636 and the effective-interest rate is 6%, prepare the company's journal entries

The following section is taken from Crane's balance sheet at December 31, 2024. Current liabilities Interest payable Long-term liabilities Bonds payable (9%, due January 1, 2028) (a) (b) $41,000 Interest is payable annually on January 1. The bonds are callable on any annual interest date. (c) 510,000 Journalize the payment of the bond interest on January 1, 2025. Assume that on January 1, 2025, after paying interest, Crane calls bonds having a face value of $105,000. The call price is 105. Record the redemption of the bonds. Prepare the adjusting entry on December 31, 2025, to accrue the interest on the remaining bonds.

The following section is taken from Bramble Corp.’s balance sheet at December 31, 2021. Current Liabilities        Interest Payable $   89,500 Long-term Liabilities        Bonds payable, 5%, due January 1, 2024 1,790,000 Bond interest is payable annually on January 1. The bonds are callable on any interest date.   a) Journalize the payment of the bond interest on January 1, 2022. b) Assume that on January 1, 2022, after paying interest, Bramble calls bonds having a face value of $602,000. The call price is 105. Record the redemption of the bonds.  c) Prepare the entry to record the accrual of interest on December 31, 2022.

devers corporation issued $400 000 6% bonds on may 1 2020. the bonds were dated january 1 2020 and mature january 1 2023 with interest payable july 1 and january 1. The bonds were issued at face vale plus accrued interest. prepare deverss journal entries for (a) the may 1 issuance (b) the july 1 interest payment and (c) dec 31 adjusting entry

(b) Prepare an effective-interest amortization table for the first eight interest payments for these bonds.   (c) The Bonds were redeemed on January 1, 2026 (after the interest had been paid and recorded) at 102. Prepare the journal entry for the redemption of the bonds.