Calculate the quoted price on June 1, 2011 of the bond outlined below. (Assume that the face value is $100, that the purchase price is $923.19, that the bond interest is paid semiannually, that the bond was originally issues at its face value, that the bond is redeemed for its face value at maturity and that the market rate is compounded semiannually)

A bond was issued at the beginning of the accounting year (01/02/2018) for $6,000. The bond has a par value of $10,000 and coupon rate of 7% paid semiannually. The yield to maturity on the bond is 14.78% per year compounded semiannually. Make the journal entries on 07/01 (end of first accounting period) to record bond amortization and interest expense based on effective interest method in the appropriate spaces below. Enter answers to the nearest whole number -- no decimal places or "$" signs. Journal entries at the end of the second accounting period. Date Description Description Debit Interest Expense 12/31 UABD Cash Credit

Assume that a bond is issued with the following characteristics:   Date of bonds: January 1, 2023; maturity date: Dec. 31, 2027; face value: $200,000; Coupon interest rate: 10 percent paid semiannually; market interest rate: 12 percent; issue price: $185,280; bond discount is amortized using the effective interest method of amortization. What is the amount of bond discount amortization for the June 30, 2023, adjusting entry? A) $559 B) $1,117 C) $10,000 D) $11,117

3. No adjustment has yet been made for accrued interest receivable on a bondreceivable for the year ended December 31 2023. Regular interest payments aremade on February 28, May 31, August 31 and November 30 with interest revenuebeing recorded at the time of the payment. The balance of the bond receivableis $240,000 and the annual interest rate is 10%. The balance of the interestreceivable account is $2,000 which is unchanged from the previous year.I. Discuss how the above should be treated in the financial statements for theyear ended December 31 2023. i.e. explanation, workings and journal entries,where applicable.

A bond issued by Ford on May 15, 1997 is scheduled to mature on May 15, 2097. If today is November 16, 2013, what is this bond’s time to maturity? (Use 365 days a year.)

21. On January 1, 2018, when the market rate of interest was 6% (APR), Habs Company issued two-year bonds with a maturity value of $1,000. The bonds have a 4% stated rate (APR) and pay interest semiannually on June 30 and December 31. sdr 11467 M = 4 a) Calculate the bond's issue price and its discount as of the date of issue. b) How much of the bond's discount is amortized after the first coupon is paid?

Sheridan Inc. is building a new hockey arena at a cost of $2,150,000. It received a down payment of $430,000 from local businesses to support the project, and now needs to borrow $1,720,000 to complete the project. It therefore decides to issue $1,720,000 of 10- year, 10.5% bonds. These bonds were issued on January 1, 2023, and pay interest annually on each January 1. The bonds yield 10.5% to the investor and have an effective interest rate to the issuer of 10.40530%. (There is an increased effective interest rate due to the capitalization of the bond issue costs.) Any additional funds that are needed to complete the project will be obtained from local businesses. Sheridan paid and capitalized $43,000 in bond issuance costs related to the bond issue. Sheridan prepares financial statements in accordance with IFRS.

On January 1, 2020, XYZ Co. issued a bond with a $400,000 par (face) value. The bond is a 5-year bond and will mature on December 31, 2025. The bond has a contract rate of interest of 5% and interest is paid semi-annually on June 30 and December 31 of each year. On January 1, 2020, the market rate of interest for bonds was 6%. The issue price of the bond was $382,942. The journal entry to record issuance of the bond would be:    Debit         Credit    Cash $382,942 Discount on B/P 17,058 Bonds Payable $400,000 prepare the journal entry to record the first interest payment on XYZ Co.'s bond on June 30, 2020 using the straight-line method. (Show your work in each step using the recommended approach.)

2. A 15-year $12,000 bond at 5.2% compounded semi-annually was issued on May 15, 2015. The bond is purchased on February 26, 2018 to yield 4.1% compounded semi-annually. a. What is the purchase (flat) price of the bond? b. What is the accrued interest? c. What is the quoted price of the bond? d. What is the quoted price as a percentage of face value?

On October 1, 2020, Ross Wind Energy Inc. issued a $1,610,000, 7.0%, seven-year bond. Interest is to be paid annually each October 1. Assume a November 30 year-end. (Use TABLE 14A.1 and TABLE 14A.2.). (Use appropriate factor(s) from the tables provided.) Required: a. Calculate the issue price of the bond assuming a market interest rate of 6% on the date of the bond issue. (Do not round intermediate calculations. Round the final answer to the nearest whole dollar.) Issue price of the bond b. Using the effective interest method, prepare an amortization schedule. (Do not round intermediate calculations. Round the final answers to the nearest whole dollar. Enter all the amounts as positive values.) Dorind Cash Period Dromium Unamortized Carring