North Co. Issued bonds on July 1, 2018 worth $100,000 with a coupon rate of 10% and an effective interest rate of 8%. Interest is paid annually, every July 1, and bonds mature after 5 years. Required: PV of Bonds: Calculation PV of Principal and PV of Interest and give your explanation about your calculation! Make issuance journal and please explain about the journal! Amortization: Calculation Bond Amortization Table and explain the result! Make Interest adjustment, amortization journal, and explain about the journal! Make Interest payment journal, amortization, and explain about the journal! Journalize Redemption at maturity and explain about the journal!

Q: On January 1, 2021, Mania Enterprises issued 16% bonds dated January 1, 2021, with a face amount of…

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Q: On January 1, 2018, Thomas Company issued $100,000, 5-year, 12% bonds, with interest payable…

A: Since you have asked multiple questions, we will solve the first question for you. If you want any…

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A: An amortization bond schedule is that in which the yearly principal amount is reduced with the…

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Q: On January 1, 2018, Ithaca Corp. purchases Cortland Inc. bonds that have a face value of $150,000.…

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Q: On January 1, 2021, Water Wonderland issues $20 million of 7% bonds, due in eight years, with…

A: Issue Price is the consideration amount received from investor in exchange of bonds in primary…

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Q: On June 1, 2019, Swifty Company sold $2,460,000 in long-term bonds for $2,157,700. The bonds will…

A: Interest payment = $2,460,000*8% Interest payment = $196,800

Q: Hey, can I please be helped with the following task and please show calculations on how you got the…

A: Journal Entries

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Q: On January 1, 2018, Loop Raceway issued 640 bonds, each with a face value of $1,000, a stated…

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Q: On 1 July 2022 Bombo Ltd issues $2 million in six-year bonds that pay interest every six months at a…

A:

Q: On June 1, 2019, Bramble Company sold $3,120,000 in long-term bonds for $2,736,600. The bonds will…

A: Amortization of bond: The process of allocation and reduction of the discount or premium on bonds to…

Q: On January 1, 2015, Michael Corp. issued 300 bonds with a face value of $1,000 each and a face rate…

A: Bond is form of long term debt. It have lower cost than other common stock. The market value of bond…

Q: On January 1, Canglon, Inc., issues 10%, 5-year bonds with a face value of $150,000 when the…

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Q: On January 1, 2018, Mania Enterprises issued 12% bonds dated January 1, 2018, with a face amount of…

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Q: . On January 1, 2020, Dawson Inc. issued bonds with a face value of $400,000 and coupon interest…

A: To know whether the bond is issued at a premium or discount we need to find out the Price of the…

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Q: Mindsetta Music Inc. issued bonds on March 1, 2020, with a par value of $420,000. The bonds mature…

A: Note: Since you have posted a question with multiple sub-parts, we will solve the first three…

Q: Spiller Corp. plans to issue 6%, 9-year, $550,000 par value bonds payable that pay interest…

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Q: Debond Corp. issues £1,000,000 face value of fi ve-year bonds, dated 1 January 2010,when the market…

A: A typical calculation often used to discount or amortize a bond, is identified as the effective…

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Q: Ben Norton, Inc. issued $900,000 of 15%, five-year bonds payable on January 1, 2018. The market…

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Q: On January 1, 2022, Fancy Co issued $100,000 in 10 year bonds. The bonds have a stated rate of 5%…

A: This question relates to bond amortization journal entries.

Q: On January 1, 2020, XYZ Co. issued 8-year bonds with a face value of $1,500,000 and a stated…

A: formula for price of bond: price of bond=coupon×1-11+rmm×nrm+par1+rmm×n where, r=rate per period m…

Q: When Patey Pontoons issued 6% bonds on January 1, 2018, with a face amount of $600,000, the market…

A: Since we only answer up to 3 sub-parts, we’ll answer the first 3. Please resubmit the question and…

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A: A bond is a fixed pay instrument issued to represents to an advance made by a financial specialist…

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Q: On January 1, 2018, Bishop Company issued 10% bonds dated January 1, 2018, with a face amount of…

A: 1. Table Values are based on     n=20     i=6%     Cash flow Amount Present value…