David corporation issued $100,000, 5- year bonds at 97 on January 1,2016. In December 31,2030 the bonds matured. The payment of the bonds at maturity would be s on the statement of cash flows as a cash outflow of -100,000 in the investing activities section -100,000 in the financing activities section -97,000 in the financing activities section -97,000 in the investing activities section

Subject: acounting

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4. On July 1, 2024, Howe Co. issued 300 of its 10%, $1000 face value bonds at 99 plus accrued interest. The bonds are dated on April 1, 2024 and mature on April 1 2032. Interest is payable semi-annually on April 1 and October 1 of each year. What amount of total cash did Howe receive on July 1, 2024? (A) $289,500 (B) $297,000 (C) $300,000 (D) $304,500 (E) None of the above.

Recording in the Accounting System On January 1, 2014, Jack Company issues the $4,110,000, 8%, 10-year bonds described above for cash of $3,373,263. Journalize the issuance of the Jack Company bonds.

Folgers Inc. reported bond interest expense of $12,000 during 2020.  The balance in Bond Interest Payable was $1,500 on 1/1/20 and $1,825 on 12/31/20.  Also during 2020 $300 of Discount on Bonds Payable was amortized.  What amount of cash was paid for interest during 2020?

The Colson Company issued $300,000 bonds at 103 on January 1, 2017. The bonds are due January 1, 2022, with interest payable each July 1, and January 1. The Colson Company records Straight Line amortization semiannually Prepare Colson's Journal entry for January 1 issue of bonds O Cash Premium on Bonds Payable Bonds Payable $309 000 $9.000 $300.000 O Cash $291.000 Premium on Bonds Payable $9.000 Bonds Payable O Cash Discount on Bonds Payable $9,000 Bonds Payable O Bonds Payable Premium on Bonds Payable $9.000 Cash S300 000 $291.000 $300.000 $291 000 $300.000

22. McLaughlin Corporation's statement of financial position showed the following amounts: current liabilities, $75,000; total liabilities, $100,000; total assets, $200,000. What is the total debt to total assets ratio? a.1 b.2 c.0.50 d.0.875

Luther Company borrowed money by issuing $4,500,000 of 8% bonds payable at 101.2 on July 1, 2018. The bonds are five-year bonds and pay interest each January 1 and July 1. Read the requirements. 1. How much cash did Luther receive when it issued the bonds payable? Journalize this transaction. Luther received $ 4500000 when the bonds payable were issued. Journalize the issuance of the bonds payable. (Record debits first, then credits. Exclude explanations from any journal entries.) Date Jul 1 Cash Bonds Payable Journal Entry Accounts Premium on Bonds Payable Debit Credit 2. How much must Luther pay back at maturity? When is the maturity date? At maturity, Luther must pay back $ The maturity date is

Lopez Plastics Company (LPC) issued callable bonds on January 1, 2024. LPC's accountant has projected the following amortization schedule from issuance until maturity: Date Cash interest Effective interest Decrease in balance Outstanding balance 1/1/2024 $207,020 6/30/2024 $7,000 $6,211 $789 206,230 12/31/2024 7,000 6,187 813 205,417 6/30/2025 7,000 6,163 837 204,580 12/31/2025 7,000 6,137 863 203,717 6/30/2026 7,000 6,112 888 202,829 12/31/2026 7,000 6,085 915 201,913 6/30/2027 7,000 6,057 943 200,971 12/31/2027 7,000 6,029 971 200,000 What is the annual effective interest rate on the bonds?