Jan 1, 16, Google issues 3,000 of its 10%, 1,000 bonds for 3,120,000. These bonds were to mature on Jan 1,26 . Interest was payable semiannually on July 1 & Jan 1. Bond premium was amortized on straight line basis. 1. What is the carrying amount of the debt on July 1, 21? 2. What is the journal entry that would be made on dec. 31, 21

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A: The issuance of bonds is one method that businesses may use to obtain capital. A bond may be thought…

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Q: On January 1, 200C, the Gabriella Corporation issued $800,000, 8%, 10-year bonds at 98. Interest is…

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Q: Marvin Company issues $125,000 of bonds at face value on January 1. The bonds carry a 6% annual…

A: ANSWER:- (1) Option D  (7,500)=NA+(7,500) NA-7,500=(7,500) (7,500)OA is correct Explanation:- Amount…

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A: BOND IS AN INSTRUMENT OF INDEBTEDNESS OF THE BOND ISSUER TO THE HOLDER .

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Q: a. On January 1, Cardano Berhad issued RM1,200,000, 6%, 5-year bonds at face value. Interest is…

A: Since you have posted two different question, we will do the first one for you. To get the other…

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A: Total Cost of bonds includes cost, brokerage, commission, etc.

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A: Interest payable on January 1 = Face value of bonds x rate of interest x 6/12 = $500000 x 6% x 6/12…

Q: Question a. On January 1, Cardano Berhad issued RM1,200,000, 6%, 5-year bonds at face value.…

A: Bond is a liability . They are issued by the company so that it can raise the amount required . On…

Q: On January 1, a company issues 9%, five-year bonds with a par value of $109,000 and semiannual…

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Q: May 1 Issued $500,000 of 10-year, 5% bonds at 104, with interest payable semiannually. Oct. 31…

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Q: ge On January 1, 2019, $40 million face amount of 5%, 20-year bonds were issued. The bonds pay…

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Q: On Jan. 1.2019 , Arabic bank issued bonds RO 95000 bonds bearing interest 12% is payable each August…

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Q: Company X issues 100 bonds totaling $100,000 on January 1st, 2022 at 3% interest when the market…

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Q: PB6. 13.3 Edward Inc. issued bonds with a $500,000 face value, 10% interest rate, and a 4-year term…

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Q: On Jan. 1, Year 1, Foxcroft Inc. issued 100 bonds with a face value of $860 for $89,900. The bonds…

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Q: On the first day of the fiscal year, a company issues a $1,600,000, 6%, 6-year bond that pays…

A: SOLUTION PREMIUM ON BONDS- WHEN BONDS PAYABLE ARE ISSUED FOR AN AMOUNT GREATER THAN THEIR FACE  AND…

Q: On Jan. 1, Year 1, Foxcroft Inc. issued 110 bonds with a face value of $1,000 for $113,900. The…

A: Jan 1. Cash Debit $113,900          Premium on bonds payable Credit $ 3900           Bonds Payable…

Q: 9.2 On Jan. 1, 2018, UMPI, Inc. issued $600,000 of 10% bonds, due in 5 years. The bonds pay interest…

A:

Q: Answer in step by step solution

A: