What would the journal entry be?
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On 7/1, Sell 3-year, $500,000, 6% (payable 1/1 and 7/1) bonds when market rate is 8%, convertible to 25,000 CS shares.
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- Use the following to answer questions 8 – 10 (Round answers to the nearest dollar) BZ Corp issues 5.0%, 10-year bonds with a total face amount of $1,000,000. The market interest rate for bonds of similar risk and maturity is 5.1%. semiannually. Interest is paid $ issue price of the bond? 8. (rounded to nearest dollar) What is the 9. $ (rounded to nearest dollar) When the company records the 2nd interest payment, how much will the company record for interest expense? 10. $ (rounded to nearest dollar) What is the bond liability (carrying amount) after the 2nd interest payment?A conversion of a face value $1 million convertible bond for $1 million of common stock would most likely be: B . reported as a $1 million fi nancing cash outfl ow and infl ow.On Thursday, July 22, 2010, you bought (traded) the FG, Inc. 6.75% corporate bonds for $101.25. The coupon payments are paid on May 31 and November 30. Using the 360-day accrual basis, calculate the invoice price of the bonds. Please use T+3 to calculate the settlement day. Group of answer choices 1023.00 1022.25 1024.10 1023.19
- A bond is brought on Aug 21, 2001 to yield 4% interest. A bond of $1,000 at 6% pay dividend semiannually and will be redeemed at 110% on Aug 21, 204. Calculate the pric of the bond? a) $1.155.06 b) $1,122.81 (c) $1,133.78 d) $1,144.81A conversion of a face value $1 million convertible bond for $1 million of common stock would most likely be: C . reported as supplementary information to the cash fl ow statement.OShea Inc. issued bonds at a face value of $100,000, a rate of 6%, and a 5-year term for $98,000. From this information, we know that the market rate of interest was ________. A. more than 6% B. less than 6% C. equal to 6% D. cannot be determined from the information given.
- Smashing Cantaloupes Inc. issued 5-year bonds with a par value of $35,000 and an 8% semiannual coupon (payable June 30 and December 31) on January 1, 2018, when the market rate of interest was 10%. Were the bonds issued at a discount or premium? Assuming the bonds sold at 92.288, what was the sales price of the bonds?Starmount Inc. sold bonds with a $50,000 face value, 12% interest, and 10-year term at $48,000. What is the total amount of interest expense over the life of the bonds?Gingko Inc. issued bonds with a face value of $100,000, a rate of 7%, and a 10-yearterm for $103,000. From this information, we know that the market rate of interest was ________. A. more than 7% B. less than 7% C. equal to 7% D. equal to 1.3%
- Irving Inc. sold bonds with a $50,000, 10% interest, and 10-year term at $52,000. What is the total amount of interest expense over the life of the bonds?A company issued bonds with a $100,000 face value, a 5-year term, a stated rate of 6%, and a market rate of 7%. Interest is paid annually. What is the amount of interest the bondholders will receive at the end of the year?Roo Incorporated issued 50 bonds with a face value of $1,000 and a stated rate of 6% when the market rate was 6%. What is the journal entry to record the sale of the bonds?