Complete the below table to determine the bonds issue

Reference no: EM13482087

Consider each of the following three separate situations.

1. The market rate at the date of issuance is 10%.

(a)Complete the below table to determine the bonds' issue price on January 1, 2013.par maturity value, total value, amount, present value interest(annuity) total value, amount, present value price of bonds.

Prepare the journal entry to record their issuance.

Record the issue of bonds with a par value of $32,000 cash on January 1, 2013. Assume that the market rate of interest at the date of issue is 10%.

The market rate at the date of issuance is 12%.

(a)

Complete the below table to determine the bonds' issue price on January 1, 2013.

par maturity value, total value, amount, present value

interest (annuity), total value, amount, present value

Price of bonds

Prepare the journal entry to record their issuance.

Record the issue of bonds with a par value of $32,000 cash on January 1, 2013. Assume that the market rate of interest at the date of issue is 12%.

.	The market rate at the date of issuance is 14%.

(a)

Complete the below table to determine the bonds' issue price on January 1, 2013.

par maturity value, total value, amount, present value,

interest, total value, amount, present value

price of bonds.

(b)	Prepare the journal entry to record their issuance Record the issue of bonds with a par value of $32,000 cash on January 1, 2013. Assume that the market rate of interest at the date of issue is 14%.

Reference no: EM13482087

Questions Cloud

Scott age 49 is a surviving spouse his household includes : compute taxable income in the following independent situationsscott age 49 is a surviving spouse. his household

Determine the materials price and quantity variances for : one of the products of hearts amp flowers is a one-pound boxof chocolate candy packaged in a box bearing the customers

Like conway is a lawyer who requires that his clients pay : like conway is a lawyer who requires that his clients pay him in advance of legal services rendered. mike routinely

How much of the 120000 would be distributed to the partners : the h i and j partnership was about to enter liquidation with the following account balancescash90000. noncash

Complete the below table to determine the bonds issue : consider each of the following three separate situations.1. the market rate at the date of issuance is 10.acomplete the

If the machine manufactured by toledo tools costs 27000 : heartland paper company is considering the purchase of a new high-speed cutting machine. tow cutting machine

Myron purchased 1500 of supplies in january and his : myron is a barber who does his own accounting for his shop. when he buys supplies he routinely debits supplies expense.

Thun company has been in operation for several years it has : income taxesthun company has been in operation for several years. it has both a deductible and a taxable temporary

Anticipated sales for safety grip company were 42000 : anticipated sales for safety grip company were 42000 passenger car tires and 19000 truck tires. rubber and steel belts

User Account

All Pages