Record the bond issue and first interest payment on june

Assignment Help Accounting Basics
Reference no: EM131891190

Questions -

Pretzelmania, Inc., issues 5%, 20-year bonds with a face amount of $53,000 for $46,875 on January 1, 2018. The market interest rate for bonds of similar risk and maturity is 6%. Interest is paid semiannually on June 30 and December 31.

Record the bond issue and first interest payment on June 30, 2018.

1) January 1 ,2018

2) June 30,2018

Pretzelmania, Inc., issues 5%, 20-year bonds with a face amount of $50,000 for $56,839 on January 1, 2018. The market interest rate for bonds of similar risk and maturity is 4%. Interest is paid semiannually on June 30 and December 31.

Record the bond issue and first interest payment on June 30, 2018

1) January 1 ,2018

2) June 30,2018

Reference no: EM131891190

Questions Cloud

Calculate accumulated depreciation over 6 years : Calculate accumulated depreciation over 6 years. Round the answer to two decimals.
What is the amount of cash receipts from customers : Assume sales revenue was $1,354,881,400 for the year 2017. What is the amount of cash receipts from customers in 2017
What is the price today coupon rate bond : What is the price today (in dollars and cents) of a 3-year 8.75% coupon rate bond that returns the par value of $1000 at maturity. Use a required rate of return
What is the total transaction price for the given contract : Absco uses the expected value method of measuring variable consideration Accordingly, it has determined. What is the total transaction price for this contract?
Record the bond issue and first interest payment on june : The market interest rate for bonds of similar risk and maturity is 6%. Record the bond issue and first interest payment on June 30, 2018
Financial psychoanalysis simple : Growing annuity Southern publishing company is trying to decide whether or not to revise its popular textbook, financial psychoanalysis made simple
Write the presentation scripts : Write the presentation scripts. Since this is an oral presentation, pretend you are the one who is doing the speech, it is not an essay.
What is the stock value : a. What is the stock's value? b. Suppose interest rates rise and pull the preferred stock's yield up to 9%. What is its new market value?
Determine a function that describes the total population : Determine A function that describes the total population and determine Total U.S. population in the year 2010 - The actual population in 2010 by the bar graph

Reviews

Write a Review

Accounting Basics Questions & Answers

  How much control does fed have over this longer real rate

Hubbard argues that the Fed can control the Fed funds rate, but the interest rate that is important for the economy is a longer-term real rate of interest.   How much control does the Fed have over this longer real rate?

  Coures:- fundamental accounting principles

Coures:- Fundamental Accounting Principles: - Explain the goals and uses of special journals.

  Accounting problems

Accounting problems,  Draw a detailed timeline incorporating the dividends, calculate    the exact Payback Period  b)   the discounted Payback Period. the IRR,  the NPV, the Profitability Index.

  Write a report on internal controls

Write a report on Internal Controls

  Prepare the bank reconciliation for company

Prepare the bank reconciliation for company.

  Cost-benefit analysis

Create a cost-benefit analysis to evaluate the project

  Theory of interest

Theory of Interest: NPV, IRR, Nominal and Real, Amortization, Sinking Fund, TWRR, DWRR

  Liquidity and profitability

Distinguish between liquidity and profitability.

  What is the expected risk premium on the portfolio

Your Corp, Inc. has a corporate tax rate of 35%. Please calculate their after tax cost of debt expressed as a percentage. Your Corp, Inc. has several outstanding bond issues all of which require semiannual interest payments.

  Simple interest and compound interest

Simple Interest, Compound interest, discount rate, force of interest, AV, PV

  Capm and venture capital

CAPM and Venture Capital

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd