E-Tech Initiatives Limited plans to issue $450,000, 10-year, 4 percent bonds. Interest is payable annually on December 31. All of the bonds will be issued on January 1, 2022. Show how the bonds would be reported on the January 2, 2022, balance sheet if they are issued at 95.

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A: The answer is stated below:

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A: Issue price;

Q: E-Tech Initiatives Limited plans to issue $500,000, 10-year, 4 percent bonds. Interest is…

A:

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Q: E-Tech Initiatives Limited plans to issue $450,000, 10-year, 5 percent bonds. Interest is payable…

A: please like the answer your response matters  Long term Liabilities:   Bonds Payable $450,000…

Q: E-Tech Initiatives Limited plans to issue $500,000, 10-year, 5 percent bonds. Interest is payable…

A: One of the source used by the business organizations to fulfill their financial requirements is…

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Q: On January 1, 2021, Splash City issues $320,000 of 8% bonds, due in 15 years, with interest payable…

A: Entry to record the issuance of bonds payable.

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A: Calculate the present value of the principal amount as shown below:

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A: Introduction: The term journal refers to a 'book' or 'diary,' and entry implies writing anything…

Q: E-Tech Initiatives Limited plans to issue $500,000, 10-year, 4 percent bonds. Interest is payable…

A: Number of bonds=Total valuePar value=$500,000$100=5,000

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Q: Universal Foods issued 10% bonds, dated January 1, with a face amount of $170 million on January 1,…

A: Answer:-  Journal entry:- The act of maintaining or creating records of any transactions, whether…

Q: Problem #3: Assume that on January 1, 2019, Sand World issues $200,000 of 9% bonds, due in 10 years…

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Q: Universal Foods issued 12% bonds, dated January 1, with a face amount of $125 million on January 1,…

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Q: On March 31, 2020, Adtech Inc. issued $200,000, 9%,10-year bonds. The bonds pay interest…

A: Prepare journal entries as follows: Result:

Q: On January 1, 2021, White Water issues $600,000 of 7% bonds, due in 10 years, with interest payable…

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Q: January 1, December 31. The bonds mature on January 1, 2034. The bonds are sold to yield 12%, Click…

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Q: On January 1, 2024, Splash City Issues $380,000 of 8% bonds, due In 15 years, with Interest payable…

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A: Definition:   Bonds: Bonds are a kind of interest-bearing notes payable, usually issued by…

Q: E-Tech Initiatives Limited plans to issue $650,000, 10-year, 7.00 percent bonds. Interest is payable…

A: Journal entry to record Issuance of bonds payable:

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