The Smart Company sold Rs. 500,000 of 8 percent, 20-year bonds on April 1, 2011, at 105. The semiannual interest payment dates are March 31 and September 30. The market interest rate is 7.5 percent. The company's fiscal year ends September 30. Use the effective interest method to calculate the amortization. With regard to the bond issue on April 1, 2011: How much cash is received? How much is Bonds Payable? What is the difference between a and b called and how much is it?

Need help with E.

On July 1, Somers Inc. issued $300,000 of 12%, 10-year bonds when the market rate was 14%. The bonds paid interest semi-annually. A. Assuming the bonds sold at 59.55, what was the selling price of the bonds? $ B. Explain why the cash received from selling this bond is different from the $300,000 face value of the bond. Investors can earn a  higher rate/lower rate? in other similar bonds so the bond sells at a  Premium/discount?

Stafford Co. Issued $200,000 face value, 6%, 10-year bonds on January 1, 2017 for $172,740.  The market rate of interest was 8%.  Interest is payable semi-annually on June 30 and December 31.  Staffer uses the effective interest method to amortize bond premium or discount. How would I Determine the amount of interest expense to be recorded with the first cash interest payment.

1. Why is 0.7 used to compute for the PV of the principal? 2. Why is 4 used to compute for the PV of interest payments? 3. Why is 7.48% used to compute for the interest expense?

no adjustment has yet been made for accrued interest receivable on a bond receivable for the year ended december 31 2023. regular interest payments are made on february 28,may 31. august 31 and november 30 with interest revenue being recorded at the time of payment. the balance of the bond receivable is $240,000 and the annual interest rate is 10%. the balance of the interest receivable account is $2000 which is unchanged from the previous year. discuss how the above should be treated in the financial statements for the year ended december 31 2023, with explanations workings and journal entries

3. No adjustment has yet been made for accrued interest receivable on a bondreceivable for the year ended December 31 2023. Regular interest payments aremade on February 28, May 31, August 31 and November 30 with interest revenuebeing recorded at the time of the payment. The balance of the bond receivableis $240,000 and the annual interest rate is 10%. The balance of the interestreceivable account is $2,000 which is unchanged from the previous year.I. Discuss how the above should be treated in the financial statements for theyear ended December 31 2023. i.e. explanation, workings and journal entries,where applicable.

I need help figuring out the Interest Expense and Discount on Bonds Payable amounts for June 30.  Attached are the instructions and results I have so far.  I believe the answer to the June 30 will be Interest Expense = $1,494,934 and Discount on Bonds = $94,934 but I'm not sure how to get the figures.  Can you please help?

what is the interim report of a company?

BlueLtd. Issued a $1,164,000, 10-year bond dated January 1, 2020. The bond was sold to yield 12% effective interest. The bond paid 10% interest on January 1 and July 1 each year. The company's year-end was December 31, and Blue followed IFRS. Using 1 factor Tables 2. a financial calculator, or 3. Excel function PV, calculate the amount received for the bond, and any discount or premium on the bond. Click here to view the tactor table PRESENT VALUE OF 1. Click here to view the factor table PRESENT VALUE OF AN ANNUITYOF 1 (For calculation purposes, use 5 decimal places as displayed in the factor table provided and final answers to 0 decimal places, e.g. 5,275.) Proceeds from sale of bond : on bond Prepare the journal entries for above transactions. (Round answers to 0 decimal places, e.g. 5,275. Credit account titles are automatically indented when the amount is entered. Do not Indent manually. If no entry is required, select "No Entry" for the account titles and enter 0 for the…