A $1,200,000 bond issue on which there is an unamortized premium of $63,956 is redeemed for $1,250,000. Journalize the redemption of the bonds.
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Q: On June 30, Jamison Company issued $2,500,000 of 10-year, 9% bonds, dated June 30, for $2,580,000.…
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A:
Q: A $515,000 bond issue on which there is an unamortized discount of $41,000 is redeemed for $473,000.…
A: Given that: Bond value = $515000 Unamortised discount = $41000 Redemption value = $473000
Q: On June 30, Jameson Company issued $2,500,000 of 10-year, 8% bonds, dated June 30, for $2,580,000.…
A: The journal entries for the above transactions are recorded below:
Q: A Redemption of bonds payable A $1,500,000 bond issue on which there is an unaumortized discount of…
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A: Total amount paid for bond redemption = $300,000×104% =$312,000
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Q: Redemption of bonds payable A $1,200,000 bond issue on which there is an unamortized premium of…
A: Journal entry is a primary entry that records the financial transactions initially.
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A: Calculate the carrying amount of bonds payable:
Q: On June 30, Jamison Company issued $2,500,000 of 10-year, 9% bonds, dated June 30, for $2,580,000.…
A: Semiannual interest payment = Face value of bonds x rate of interest x 6 months/12 =…
Q: An $800,000 bond issue on which there is an unamortized premium of $57,000 is redeemed for $785,000.…
A: Given: Bond payable $800,000; Unamortized premium $57,000; and proceeds from redemption of bond is…
Q: A $545,000 bond issue on which there is an unamortized discount of $37,000 is redeemed for $472,000.…
A: Given, Face value of bonds = $545,000 Unamortized discount = $37,000 Redemption value = $472,000
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A: Discount = Face value - Issued amount = $954000-925380 = $28620 Term of bonds = 5 years i.e 10…
Q: Please I want answer for this question of multiple choice. Big thanks
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Q: (a)Prepare the journal entry to record the sale of these bonds on January 1, 2022. (b)Prepare the…
A:
A $1,200,000 bond issue on which there is an unamortized premium of $63,956 is redeemed for $1,250,000. Journalize the redemption of the bonds.
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- On Jan. 1, Year 1, Foxcroft Inc. issued 100 bonds with a face value of $1,000 for $104,000. The bonds had a stated rate of 6% and paid interest semiannually. What is the journal entry to record the issuance of the bonds?An $800,000 bond issue on which there is an unamortized premium of $57,000 is redeemed for $785,000. Journalize the redemption of the bonds. Refer to the Chart of Accounts for exact wording of account titles.A Redemption of bonds payable A $1,500,000 bond issue on which there is an unaumortized discount of $70,100 is redeemed for $1,455,000. Journalize the redemption of the bonds.
- A $505,000 bond issue on which there is an unamoritizer discount of $37,000 is redeemed for $447,000. journalize the redemption of the bondsA $540,000 bond issue on which there is an unamortized discount of $45,000 is redeemed for $446,000. Required: Journalize the redemption of the bonds.A Redemption of bonds payable A $1,500,000 bond issue on which there is an unamortized discount of$70,100 is redeemed for $1,455,000. Journalize the redemption of thebonds.
- A $920,000 bond issue on which there is an unamortized premium of $65,000 is redeemed for $821,000. Journalize the redemption of the bonds. If an amount box does not require an entry, leave it blank.Redemption of bonds payable A $2,000,000 bond issue on which there is an unamortized premium of $87,000 is redeemed for $1,960,000. Journalize the redemption of the bonds. If an amount box does not require an entry, leave it blank.Show Me How Redemption of Bonds Payable An $800,000 bond issue on which there is an unamortized premium of $57,000 is redeemed for $785,000. Journalize the redemption of the bonds. If an amount box does not require an entry, leave it blank.
- A $525,000 bond issue on which there is an unamortized discount of $43,000 is redeemed for $470,000. Journalize the redemption of the bonds. If an amount box does not require an entry, leave it blank.Redemption of bonds payable A $1,200,000 bond issue on which there is an unamortized premium of $63,956 deemed for $1,250,000. Journalize the redemption of the bonds.A $515,000 bond issue on which there is an unamortized discount of $41,000 is redeemed for $473,000. Journalize the redemption of the bonds.If an amount box does not require an entry, leave it blank.