Bonds Payable has a balance of $1,000,000 and Discount on Bonds Payable has a balance of $15,500. If the issuing corporation redeems the bonds at 98 1/2, what is the amount of gain or loss on redemption? Oa. $500 loss Ob. $15,500 gain Oc. $500 gain Od. $15,500 loss

If $457,000 of 8% bonds are issued at 94, what is the amount of cash received from the sale? Select the correct answer. A. $420,440   B. $457,000   C. $429,580   D. $493,560

Required journal entries Total cash payment = 500000*10%*1/2 = $25, 000 Discount on bonds payable = (10240/64) *4 = $640  My question is the formula of the Total cash payment and Discount on bonds payable.

If $1,059,000 of 12% bonds are issued at 102 3/4, the amount of cash received from the sale is a. $1,186,080 b. $1,088,123 c. $1,059,000 d. $794,250

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Calculate market value of debt use excel please

8. A bond issued with a par value of $200,000 and a carrying amount of $195,500 is retired at 98.5. The gain or loss on this transaction is: discont = 4500 Bond Payabl 200000 A) $3,000 loss. B) $3,000 gain. C) $1,500 loss. D) $1,500 gain. discout Debit 4500 199901.5

Redemption of Bonds Payable A $880,000 bond issue on which there is an unamortized premium of $66,000 is redeemed for $805,000. Journalize the redemption of the bonds. If an amount box does not require an entry, leave it blank.

If $1,153,000 of 9% bonds are issued at 102 1/2, The amount of cash received from the sale is a.$1,153,000 b.$864,750 c.$1,256,770 d.$1,181,825

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