On December 31, 20X5. Cobb issued 2,000 of its 10%, $1,000 bonds at 99. The issuance price established a bond discount of $20,000. In connection with the sale of these bonds. Cobb paid the following expenses: Legal and accounting fees   $45,000 Printing of the prospectus   $55,000 Underwriting fees   $85,000 In Cobb's December 31, 20X5, balance sheet, bond issue costs total

Alice issued $50,000 of 4%, 5-year term bonds on 12-31-18 when the market rate for similar bonds was 5%. The bonds were dated 12-31-18 with interest payable June 30 and December 31. Upon issuing the bonds, Alice incurred and paid $900 of bond issuance costs. Alice issued $100,000 of 4%, 3-year callable term bonds on 12-31-19 when the market rate for similar bonds was 5%. The bonds were dated 12-31-19 with interest payable June 30 and December 31. Upon issuing the bonds, Alice incurred and paid $7,000 of bond issuance costs. Alice can call in, i.e., retire, some or all of the bonds any time after 01-01-21 at 101 plus interest. Alice uses the effective interest method to amortize any bond discount or premium. On 9-01-21, Alice called in $50,000 of the bonds. What amount of the bonds should be reported on the statement of cash flows?

Scroll down to complete all parts of this task. On October 1, Year 1, Seoma Co. issued 10%, $500,000 face amount, 5-year bonds maturing on January 1, Year 6, for $527,500. The interest is payable annually on January 1. To issue the bonds, Seoma paid legal and consulting fees of $15,300. Seoma amortizes any discount or premium on bonds using the effective interest method and debt issue costs using the straight-line method. 1. Based on the facts stated above, enter in the designated cell the appropriate dollar amount. Round all amounts to the nearest dollar. If the amount is zero, enter a zero (0). Carrying amount of Bonds payable on Seoma's October 1, Year 1, balance sheet 2. Select from the option list provided, your answer. What interest rate was greater on the date the bonds were issued? 3. Enter in the designated cell the appropriate dollar amount. Enter premium as a positive amount and discount as a negative amount. Round all amounts to the Answer 123 111

An $800,000 bond issue on which there is an unamortized premium of $57,000 is redeemed for $785,000. Journalize the redemption of the bonds. Refer to the Chart of Accounts for exact wording of account titles.

A company issues a $5,000,000, 11%, five-year bond that pays semiannual interest of $275,000 ($5,000,000 _ 11% _ 1⁄2 ), receiving cash of $5,193,030. Journalize the bond issuance.

The following bond investment transactions were completed by Starks Company: Jan. 31 Purchased 42, $1,000 government bonds at 100 plus accrued interest of $210 (1 month). The bonds pay 6% annual interest on July 1 and January 1. July 1 Received semiannual interest on bond investment. Aug. 30 Sold 18, $1,000 bonds at 98 plus $180 accrued interest (2 months).   a.  Journalize the entries for these transactions. Assume a 360-day year. Do not round interim calculations. Round final answers to nearest dollar. If an amount box does not require an entry, leave it blank. Jan. 31   - Select - - Select -     - Select - - Select -     - Select - - Select - July 1   - Select - - Select -     - Select - - Select -     - Select - - Select - Aug. 30   - Select - - Select -     - Select - - Select -     - Select - - Select -     - Select - - Select -     b.  Journalize the December 31 adjusting entry for semiannual interest earned on…

Kartel is planning to issue 360 bonds, each having a face amount of $1,000. Required: 1. Prepare the journal entry to record the sale of the bonds at par. Record issuance of bonds at par 2. Prepare the journal entry to record the sale of the bonds at a premium of $34,000. Record issuance of bonds at premium 3. Prepare the journal entry to record the sale of the bonds at a discount of $41,000. Record issuance of bonds at discount 4. Conceptual Connection: Assuming the stated rate is identical for the previous three scenarios, in which scenario is the market rate of interest (yield) highest? The bonds sell at