Coney Island Entertainment issues $1,300,000 of 7% bonds, due in 15 years, with interest payable semiannually on June 30 and December 31 each year.Required:Calculate the issue price of a bond and complete the first three rows of an amortization schedule when1. The market interest rate is 7% and the bonds issue at face amount.2. The market interest rate is 8% and the bonds issue at a discount.3. The market interest rate is 6% and the bonds issue at a premium.

On January 1, Boston Enterprises issues bonds that have a $1,450,000 par value, mature in 20 years, and pay 9% interest semiannually on June 30 and December 31. The bonds are sold at par. 1. How much interest will the issuer pay (in cash) to the bondholders every six months? 2. Prepare journal entries to record (a) the issuance of bonds on January 1, (b) the first interest payment on June 30, and (c) the second interest payment on December 31. 3. Prepare the journal entry for issuance assuming the bonds are issued at (a) 95 and (b) 105. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Prepare the journal entry for issuance assuming the bonds are issued at (a) 95 and (b) 105. View transaction list Required 3 1 Record the issue of bonds at 95. 2 Record the issue of bonds at 105. X Credit >

For each of the following three examples, provide the journal entry that the company would make on the date the bonds are issued. Note that you will need to do a present value calculation to determine the cash proceeds from each bond issue. You can round your answer to the nearest dollar. 1. Andersson Inc. issues 8-year bonds with a face value of $50,000,000 and a stated annual interest rate of 6%. The bonds pay interest semiannually on June 30 and December 31. The annual market rate of interest on the date of issue is 8%.

Ohlson Co. is preparing an Excel spreadsheet for its 20-year, 4.5%, $500,000 bonds payable. The bonds were issued on January 1 to yield 5% annually. Interest is paid semi-annually. A portion of the spreadsheet appears as follows:   A B C D E 1   Stated rate: 0.045     2   Effective rate: 0.05     3   Face amount: 500,000     4   Term to maturity in years: 20     5           6 Period Cash Payment InterestExpense Change in Discount OutstandingBalance 7 0         8 1         9 2         What formula should Ohlson use in cell C8 to calculate interest expense for the first interest payment? Multiple Choice =B8 – D8 =E7*B3 =E7*B3/2 =E7*C2/2

The Designer Company issued 10-year bonds on January 1. The 5% bonds have a face value of $747,000 and pay interest every January 1 and July 1. The bonds were sold for $620,839 based on the market interest rate of 6%. Designer uses the effective-interest method to amortize bond discounts and premiums. What amount of interest expense should Designer record on July 1 of the first year (rounded to the nearest dollar)? Select the correct answer.$15,521 $18,625 $22,410 $18,675

Pearson Co issue its $140,000 at a price of 94, the stated rate is 6%, the bond term is 4 years, and the market rate is 9%.  Assume the term of the bonds is 4 years. The annual interest payment on the bond will be $_______

On January 1, a company issues bonds: Par Value: $2,000,000 Bond Term, in years: 10 Interest Payments: 2x/year Stated Interest Rate: 8% Market Interest Rate: 6% How much will the bond sell for? What dollar amount will be booked to Bonds Payable on the date of sale? How much is Interest Expense on the FIRST interest payment? How much is the amortization of the Bond Premium on the FIRST interest payment? How much is the Interest Expense on the SECOND interest payment? How much is the Amortization of the Premium on the SECOND interest payment?

Happy Hollow, LLC issues $50,000 bonds at 20% interest with quarterly interest payments. Bonds have a maturity date in 5 years. At the time of issue, the market rate is 16%. а. Calculate the issue price of the bond b. How much total interest does the bondholder receive over the life of the bond?

A company issues $50,000 of 4% bonds, due in 5 years, with interest payable semiannually. Assuming a market rate of 3%, the bonds issue for $52,306. Calculate the carrying value of the bonds after the first semiannual interest payment.a. $51,306.b. $52,091.c. $49,000.d. $51,521.

Pearson Co issue its $193,400 at a price of 103, the stated rate is 9%, the bond term is 4 years, and the market rate is 6%.  Assume the term of the bonds is 4 years.   The annual interest payment on the bond will be $_______