Rosita paid a total of $1,189 including accrued interest, to purchase a bond that has 7 of its initial 20 years left until maturity. This price is referred to as the

Happy Hollow, LLC issues $50,000 bonds at 20% interest with quarterly interest payments. Bonds have a maturity date in 5 years. At the time of issue, the market rate is 16%. а. Calculate the issue price of the bond b. How much total interest does the bondholder receive over the life of the bond?

On January 1, Martinez Inc. issued P 4,000,000, 11% bonds for P 4,260,000. The market rate of interest for these bonds is 10%. Interest is payable annually on December 31. Martinez uses the effective-interest method of amortizing bond premium. At the end of the second year, Martinez should report unamortized bond premium of a. P 246,840b. P 246,000c. P 231,400d. P 230,600

On January 1, Bramble Corp. issued 10 year, S6,000,000, 9% bonds for $6,842,830. The market rate of interest for these bonds is 79%. Interest is payable annually on December 31 (note that these bonds are ANNUAL bonds). Bramble uses the effective-interest method of amortizing bond premium. At the end of the second year, Bramble should report unamortized bond premium of Group of answer choices $722.000 $716,556 5691,933 $319,093

On March 31, 20x7, KEEPU issued for P1,774,000, P2,000,000 face amount of its 10%, P1,000 bonds. The bonds were issued to yield 12%. The bonds are dated July 1, 20x7 and mature on July 1, 20x10. Interest is payable annually on July 1. KEEPU uses the interest method to amortize bond discount. Determine the interest expense of the Bonds on December 31, 20x8. Determine the carrying value of the Bonds on December 31, 20x7.

Red & Blue Company sold bonds at 97 on an interest payment date for $500,000. Assuming thebonds will be retired in 10 years and interest is paid annually, calculate the amount of cash that willbe received and paid by Red & Blue in the first year, as well as the interest expense that will berecognized in that year. The bonds carry a stated interest rate of 5 percent.

Blossom Electric sold $3,800,000, 8%, 10-year bonds on January 1, 2022. The bonds were dated January 1 and pay interest annually on January 1. Blossom Electric uses the straight-line method to amortize bond premium or discount. The bonds were sold at 103. (a)

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On November 1, 2020, your company issued $600,000 of 5 year 9% bonds when the market interest rate was 8%. The bonds pay interest annually on October 31 each year. Your company uses the interest method of amortization. Calculate the bond selling price on November 1, 2020. Please show the factors you entered into your calculator or spreadsheet to calculate the amount. Prepare the bond entries from November 1, 2020 through December 31, 2021 (one year and two months), assuming your company’s year ends on December 31 and your company does NOT make reversing entries on January 1. Based upon the entries in part “b.” indicate any current liabilities (and the balance in the current account) your company would report on the balance sheet on December 31, 2021 (the second year). Based upon the entries in part “b.” indicate any NONcurrent liabilities (and the balance in the account) your company would report on December 31, 2021 (the second year)

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?