Were the bonds purchased at a discount or premium? AnswerDiscountPremium b. Prepare a bond amortization schedule for 2020 and 2021 using the effective interest method. Note:Round each amount entered into the schedule to the nearest whole dollar. Use the rounded amount for later calculations in the schedule. Date Stated Market Premium Bond

On January 1, 2025, Bridgeport Company purchased at par 7% bonds having a maturity value of $370,000. They are dated January 1, 2025, and mature January 1, 2030, with interest received on January 1 of each year. The bonds are classified in the held-to- maturity category. (a) Prepare the journal entry at the date of the bond purchase. (b) Prepare the journal entry to record the interest revenue on December 31, 2025. (c) Prepare the journal entry to record the interest received on January 1, 2026. (List all debit entries before credit entries. Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter O for the amounts.) No. (a) (b) (c) Date 11 Account Titles and Explanation Debit Credit III

Dhapa

Current Attempt in Progress On July 1, 2023, Ivanhoe Inc. issued $330000, 9% bonds, which mature on July 1, 2030. The bonds were issued for $313934 to yield 10%. Ivanhoe uses the effective interest method of amortizing bond discount. Interest is payable annually on June 30. At June 30, 2025, the adjusted balance in the Bonds Payable account should be O $315627. O $330000. $330427. $317490.

Gadubhai

Marigold Corp. issued 3, 300 7%, 5-year, $1,000 bonds dated January 1, 2022, at face value. interest is paid each january 1. Prepare the journal entry to record the sale of these bonds on January 1, 2022.

Domestic

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Current Attempt in Progress On January 1, 2025, Cheyenne Company purchased 12% bonds having a maturity value of $278,000 for $299,076.51. The bonds provide the bondholders with a 10% yield. They are dated January 1, 2025, and mature January 1, 2030, with interest received on January 1 of each year. Cheyenne Company uses the effective-interest method to allocate unamortized discount or premium. The bonds are classified as available-for-sale category. The fair value of the bonds at December 31 of each year-end is as follows. 2025 2026 2027 (a) (b) (c) No. $296,600 $287,300 2029 (a) $286,200 2028 (List all debit entries before credit entries. Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter O for the amounts. Round answers to 2 decimal places, e.g. 1225.25.) $288,200 $278,000 Prepare the journal entry at the date of the bond purchase. Prepare the journal entries to…

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