On January 1, Boston Enterprises issues bonds that have a $1,950,000 par value, mature in...
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Accounting
On January 1, Boston Enterprises issues bonds that have a $1,950,000 par value, mature in 20 years, and pay 9% interest semiannually on June 30 and December 31 . The bonds are sold at par. 1. How much interest will the issuer pay (in cash) to the bondholders every six months? 2. Prepare journal entries to record (a) the issuance of bonds on January 1,(b) the first interest payment on June 30 , and (c) the second interest payment on December 31. 3. Prepare the journal entry for issuance assuming the bonds are issued at (a) 97 and (b) 103. Complete this question by entering your answers in the tabs below. How much interest will the issuer pay (in cash) to the bondholders every six months? ano Company issues bonds with a par value of $80,000 on January 1,2021 . The bonds' annual contract rate is 8%, and interest is aid semiannually on June 30 and December 31 . The bonds mature in three years. The annual market rate at the date of issuance is 2%, and the bonds are sold for $75,938. 1. What is the amount of the discount on these bonds at issuance? 2. How much total bond interest expense will be recognized over the life of these bonds? 3. Prepare a straight-line amortization table for these bonds. Complete this question by entering your answers in the tabs below. Prepare a straight-line amortization table for these bonds. Note: Round your intermediate calculations to the nearest dollar amount. Required information [The following information applies to the questions displayed below.] Duval Company issues four-year bonds with a $116,000 par value on January 1,2021 , at a price of $111,880. The annual contract rate is 8%, and interest is paid semiannually on June 30 and December 31 . 1. Prepare a straight-line amortization table for these bonds. Note: Round your answers to the nearest dollar amount. Required information [The following information applies to the questions displayed below.] Duval Company issues four-year bonds with a $116,000 par value on January 1,2021 , at a price of $111,880. The annual contract rate is 8%, and interest is paid semiannually on June 30 and December 31. 2. Prepare journal entries to record the first two interest payments. Journal entry worksheet Record the interest payment and discount amortization on June 30, 2021. Note: Enter debits before credits. Required information [The following information applies to the questions displayed below] Duval Company issues four-year bonds with a $116,000 par value on January 1,2021 , at a price of $111,880. The annual contract rate is 8%, and interest is paid semiannually on June 30 and December 31 . Prepare the journal entry for maturity of the bonds on December 31, 2024 (assume semiannual interest is already recorded). Journal entry worksheet Record the entry for payment of the bonds at maturity. (Assume semiannual interest is already recorded). Note: Enter debies before credits. Quatro Company issues bonds dated January 1,2021, with a par value of $850,000. The bonds' annual contract rate is 12%, and interest is paid semiannually on June 30 and December 31 . The bonds mature in three years. The annual market rate at the date of issuance is 10%, and the bonds are sold for $893,131. 1. What is the amount of the premium on these bonds at issuance? 2. How much total bond interest expense will be recognized over the life of these bonds? 3. Prepare a straight-line amortization table for these bonds. Complete this question by entering your answers in the tabs below. What is the amount of the premium on these bonds at issuance






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