On the first day of the fiscal year, a company issues a $1,100,000, 6%, 9-year bond that pays semiannual interest of $33,000 ($1,100,000 × 6% × ½), receiving cash of $1,178,944. Journalize the bond issuance

Issuing bonds at a premium On the first day of the fiscal year, a company issues a $3,900,000, 8%, 7-year bond that pays semiannual interest of $156,000 ($3,900,000 x 8% x 12), receiving cash of $4,340,546. Journalize the bond issuance. If an amount box does not require an entry, leave it blank. Cash Premium on Bonds Payable Bonds Payable Feedback Check My Work Bonds Payable is always recorded at face value. Any difference in issue price is reflected in a premium or discount account.

Issuing Bonds at a Premium On the first day of the fiscal year, a company issues a $8,400,000, 6%, 8-year bond that pays semiannual interest of $252,000 ($8,400,000x6%x%), receiving cash of $8,945,309. Journalize the bond issuance. If an amount box does not require an entry, leave it blank Check My Work Previous Next

On the first day of the fiscal year, a company issues a $500,000, 8%, 10-year bond that pays semiannual interest of $20,000 ($500,000 x 8% x 1/2), receiving cash of $530,000. Journalize the entry for the issuance of the bonds. If an amount box does not require an entry, leave it blank. Cash

On the first day of the fiscal year, a company issues a $4,900,000, 6%, 6-year bond that pays semiannual interest of $147,000 ($4,900,000 × 6% × ½), receiving cash of $4,440,130. Journalize the first interest payment and the amortization of the related bond discount. Round to the nearest dollar. If an amount box does not require an entry, leave it blank.

On January 1, the first day of the fiscal year, Designer Fabric Inc. issues a $5,000,000, 6%, 10-year bond that pays semiannual interest of $150,000 ($5,000,000 × 6% × ½ year), receiving cash of $5,000,000. a. Journalize the entry to record the issuance of the bonds. If an amount box does not require an entry, leave it blank. b. Journalize the entry to record the first interest payment on June 30. If an amount box does not require an entry, leave it blank. c. Journalize the entry to record the payment of the principal on the maturity date. If an amount box does not require an entry, leave it blank.

Issuing Bonds at a Discount On the first day of the fiscal year, a company issues a $8,700,000, 9%, 9-year bond that pays semiannual interest of $391,500 ($8,700,000 × 9% × ½), receiving cash of $7,287,000. Journalize the bond issuance. If an amount box does not require an entry, leave it blank.

On January 1, the first day of the fiscal year, a company issues an $2,250,000, 12%, five-year bond that pays semiannual interest of $135,000 ($2,250,000 x 12% x ½), receiving cash of $2,379,360. Required:   Journalize the first interest payment and the amortization of the related bond premium. Refer to the chart of accounts for the exact wording of the account titles. CNOW journals do not use lines for journal explanations. Every line on a journal page is used for debit or credit entries. CNOW journals will automatically indent a credit entry when a credit amount is entered.

On January 1, the first day of the fiscal year, Designer Fabric Inc. issues a $200,000, 5%, 10-year bond that pays semiannual interest of $5,000 ($200,000 × 5% × ½ year), receiving cash of $200,000. (a)  Journalize the entry to record the issuance of the bonds. If an amount box does not require an entry, leave it blank.   Cash  fill in the blank 135942f1f00b052_2 fill in the blank 135942f1f00b052_3   Bonds Payable  fill in the blank 135942f1f00b052_5 fill in the blank 135942f1f00b052_6   (b)  Journalize the entry to record the first interest payment on June 30. If an amount box does not require an entry, leave it blank.   Interest Expense  fill in the blank 838d07010fa3fc7_2 fill in the blank 838d07010fa3fc7_3   Cash  fill in the blank 838d07010fa3fc7_5 fill in the blank 838d07010fa3fc7_6   (c)  Journalize the entry to record the payment of the principal on the maturity date. If an amount box does not require an entry, leave it blank.…

On the first day of the fiscal year, a company issues a $970,000, 12%, 10-year bond that pays semiannual interest of $58,200 ($970,000 x 12% x 1/2), receiving cash of $1,018,500. Journalize the entry for the first interest payment and amortization of premium using the straight-line method. If an amount box does not require an entry, leave it blank.     - Select - - Select -     - Select - - Select -     - Select - - Select -