On January 1, 2020, Blindo Corp. issued ten-year, 12% bonds with a face value of $ 500,000, with interest payable semi-annually on June 30 and December 31. At the time, the market rate was 10 %. Required: a) Find PMT and Use your calculator to calculate the issue price of the bonds. Round the answer to the nearest dollar. b) Independent of your solution to part a), assume that the issue price was $ 562,000. Prepare the amortization table for 2020. Round values to the nearest dollar.

Munabhai

1. On January 1, 2024, Lansing Group issued $1,000,000 of 6% bonds, dated January 1. Interest is payable semiannually on June 30 and December 31. The bonds mature in five years. The market yield for bonds of similar risk and maturity is 8%. INSTRUCTIONS: 1. Determine the price of these bonds that are issued to yield the 8% market rate using the Time Value of Money Tables. Include the table and relevant components for each factor used. 2. Record the issuance of these bonds by Lansing Group. 3. Prepare an amortization schedule that determines interest at the effective rate through the maturity date of the bonds. 4. Prepare the entries to record the interest on June 30, 2024, and December 31, 2024. 5. Assume that Lansing Group retires the bonds on January 1, 2026, paying $1,027,544. Prepare the entry to record the retirement.

Bonds with a stated interest rate of 9% and a face value totaling $610,000 were issued for $634 400 on January 1.2021 whe market interest rate was 8%. The company uses effective-interest bond amortization Required: Determine the carrying value of the bonds at December 31, 2022. (Round your answer to nearest whole dolar) Carrying Value

Need help with E.

On January 1, 2023, Larkspur Corporation purchased a newly issued $1,500,000 bond. The bond matured on December 31, 2025, and paid interest at 6% every June 30 and December 31. The market interest rate was 8%. Larkspur's fiscal year-end is October 31, and the company had the intention and ability to hold the bond until its maturity date. The bond will be accounted using the amortized cost model. Calculate the price paid for the bond using a financial calculator or Excel functions. (Round answers to 2 decimal places, eg. 52.75.) the price paid for the bond is $ 1,421,367.95

Prepare an amortization schedule for the bond. (Round answers to 2 decimal places, e.g. 52.75.) $ $ ● ● ● Cash Received ● January 1, 2023 June 30, 2023 October 31, 2023 $ $ Date Interest Revenue Prepare the journal entries on the books of Marin Corporation for each of the following dates. (Round answers to 2 decimal places, e.g. 52.75. Credit account titles are automatically indented when the amount is entered. Do not indent manual If no entry is required, select "No Entry" for the account titles and enter O for the amounts. Record entries in the order displayed the problem statement. List all debit entries before credit entries.) $ $ Account Titles and Explanation Discount Amortization December 31, 2023 December 31, 2025 (two entries) one for interest and one for maturity of bond $ Amortized Cos (Present Value Debit 125! 1325

How to calculate the issue price of the bonds with normal calculator?

On January 1, 2023, Marigold Corporation purchased a newly issued $1,250,000 bond. The bond matured on December 31, 2025, and paid interest at 6% every June 30 and December 31. The market interest rate was 8%. Marigold's fiscal year-end is October 31, and the company had the intention and ability to hold the bond until its maturity date. The bond will be accounted using the amortized cost model. Click here to view Table A.2-PRESENT VALUE OF 1-(PRESENT VALUE OF A SINGLE SUM) Click here to view Table A.4-PRESENT VALUE OF AN ORDINARY ANNUITY OF 1 (a) Calculate the price paid for the bond using a financial calculator or Excel functions. (Round answers to 2 decimal places, eg. 52.75.) PV S

Mindsetta Music Inc. issued bonds on March 1, 2020, with a par value of $420,000. The bonds mature in 15 years and pay 14.00% annual interest in two semiannual payments. On the issue date, the annual market rate of interest for the bonds turned out to be 16%. (Table attached for reference) 1. What is the semiannual interest payment for these bonds? 2. How many semiannual interest payments will be made on these bonds over their life? 3. Are the bonds issued at discount, premium, or par? 4. Estimate the market value of the binds as the date they were issued 5. Journal entry: Record the sales of bonds at discount on the original issue date