Southlake corporation issued 900000 of 8 bonds on march 1

Assignment Help Accounting Basics

Reference no: EM13612171

Southlake Corporation issued $900,000 of 8% bonds on March 1, 19X1. The bonds pay interest on March 1 and September 1 and mature in 10 years. Assume the independent cases that follow.

• Case A-The bonds are issued at 100.

• Case B-The bonds are issued at 96.

• Case C-The bonds are issued at 105. Southlake uses the straight-line method of amortization. For each case answer the following a. Cash inflow on the issuance date b. Total cash outflow through maturity c. Total borrowing cost over the life of the bond issue d. Interest expense for the year ended December 31, 19X1

a. Amortization for the year ended December 31, 19X1

b. Unamortized premium as of December 31, 19X1 c. Unamortized discount as of December 31, 19X1 d. Bond carrying value as of December 31, 19X1

Reference no: EM13612171

Questions Cloud

During 2012 cotte manufacturing expected job no 59 to cost : during 2012 cotte manufacturing expected job no. 59 to cost 600000 of overhead 1000000 of materials and 400000 in

A science-fair radio uses a homemade capacitor made of two : a science-fair radio uses a homemade capacitor made of two 35cm x 35cm sheets of aluminum foil separated by a

The stockholders equity section of lemay corporation shows : the stockholders equity section of lemay corporation shows the following on december 31 2011 preferred stock - 6 4100

A web based software company is interested in estimating : a web based software company is interested in estimating the proportion of individuals who use the firefox browser. in

Southlake corporation issued 900000 of 8 bonds on march 1 : southlake corporation issued 900000 of 8 bonds on march 1 19x1. the bonds pay interest on march 1 and september 1 and

Determine the effect of nuclear mass on the first line of : determine the effect of nuclear mass on the first line of the balmer series of hydrogen by calculating its wavelength

You have been asked by the financial vice president vp to : you have been asked by the financial vice president vp to develop a short presentation on the lower?of?cost?or?market

For alpha particles of energy 768 mev scattered from a : for alpha particles of energy 7.68 mev scattered from a platinum foil two microns thick find a the collision diameter b

The change in diameter of the specimen indicate an increase : a cylindrical bar of metal having a diameter of19.4mm and a length of194mm is deformed elastically in tension with a

User Account

All Pages