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By how much Concord Corporation increase its van account

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Q1) Crane Company received proceeds of $814000 on 10-year, 6% bonds issued on January 1, 2019. The bonds had a face value of $864000, pay interest annually on December 31, and have a call price of 103. Crane uses the straight-line method of amortization. What is the amount of interest Crane must pay the bondholders in 2019?

Q2) Bonds with a face value of $720000 and a quoted price of 98.5. What will be the selling price?

Q3) On January 1, 2020, Sheridan Company, a calendar-year company, issued $1720000 of notes payable, of which $430000 is due on January 1 for each of the next four years. The proper balance sheet presentation on December 31, 2020, will be what?

Q4) Concord Corporation purchased a delivery van with a $69000 list price. The company was given a $6800 cash discount by the dealer and paid $2800 sales tax. Annual insurance on the van is $1500. As a result of the purchase, by how much will Concord Corporation increase its van account?

Reference no: EM132815112

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