Eddie Industries issues $903,000 of 8% bonds at 103. The amount of cash received from the sale is Oa. $875,910. O b. $930,090 O c. $903,000 O d. $975,240
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- Eddie Industries issues $829,000 of 8% bonds at 105. The amount of cash received from the sale is a.$804,130 b.$829,000 c.$895,320 d.$870,450If $906,000 of 8% bonds are issued at 102 3/4, the amount of cash received from the sale is Oa. $978,480 Ob. $906,000 Oc. $679,500 Od. $930,915Eddie Industries issues $834,000 of 8% bonds at 105. The amount of cash received from the sale is a, $834,000 Ob. $808,980 Oc. $875,700 Od. $900,720
- If $1,012,000 of 12% bonds are issued at 102 1/2, the amount of cash received from the sale is Oa. $1,037,300 O b. $1,012,000 O c. $759,000 O d. $1,133,440If $949,000 of 8% bonds are issued at 102 3/4, the amount of cash received from the sale is a.$1,024,920 b.$711,750 c.$949,000 d.$975,098If $800,000 of 11% bonds are issued at 102 3/4, the amount of cash received from the sale is O a. $800,000 O b. $888,000 Oc. $822,000 O d. $600,000
- If $1,178,000 of 10% bonds are issued at 102 3/4, the amount of cash received from the sale is a. $883,500 b. $1,295,800 c. $1,210,395 d. $1,178,000If $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. $493,560Smith Corporation issues $1,800,000, 10-year, 9% bonds payable at a price of 98. The journal entry to record the issuance will include a: A. credit to Bonds Payable for $1,764,000. OB. debit to Cash of $1,800,000. OC. O D. credit to Discount on Bonds Payable for $36,000. debit to Cash for $1,764,000.
- Bonds Payable has a balance of $880,000 and Premium on Bonds Payable has a balance of $9,680. If the issuing corporation redeems the bonds at 102, what is the amount of gain or loss on redemption? Oa. $7,920 loss Ob. $9,680 gain Oc. $7,920 gain Od. $9,680 loss1c. Sold $80,000 of the bonds at 101 plus accrued interest of $250. DATE Debit Credit X/X1a. Purchased for cash $200,000 of Jakob, Inc. 9% bonds at 100 plus accrued interest of $3,000. DATE Debit Credit X/X 1b. Received first semiannual interest payment. DATE Debit Credit X/X 1c. Sold $80,000 of the bonds at 101 plus accrued interest of $250. DATE Debit Credit X/X