Question

sheridan Company issued 8%, 8-year, $2,461,300 par value bonds that pay interest semiannually on October 1 and April 1. The bonds are dated April 1, 2017, and are issued on that date. The discount rate of interest for such bonds on April 1, 2017, is 12%. Click here to view the factor table. (For calculation purposes, use 5 decimal places as displayed in the factor table provided.) What cash proceeds did Sheridan receive from issuance of the bonds? (Round answer to 0 decimal places, e.g. 125.) Cash proceeds from issuance of the bonds are what?

Answer #1

Cash procceds from issuance of bonds are called as **bond
issue price.**

Sunland Company issued 6%, 9-year, $290,000 par value bonds that
pay interest annually on April 1. The bonds are dated April 1,
2022, and are issued on that date. The discount rate of interest
for such bonds on April 1, 2022, is 8%.
Click here to view the factor table.
(For calculation purposes, use 5 decimal places as
displayed in the factor table provided.)
What cash proceeds did Sunland receive from issuance of the bonds?
(Round answer to 0 decimal...

Cullumber Company is about to issue $336,000 of 9-year bonds
paying an 11% interest rate, with interest payable annually. The
discount rate for such securities is 10%.
Click here to view the factor table.
(For calculation purposes, use 5 decimal places as
displayed in the factor table provided.)
How much can Cullumber expect to receive for the sale of these
bonds? (Round answer to 0 decimal places, e.g.
2,575.)
Cullumber can expect to receive
$enter a dollar amount to be...

Sheridan Company receives a $80,000, 9-year note bearing
interest of 10% (paid annually) from a customer at a time when the
discount rate is 11%.
Click here to view the factor table.
(For calculation purposes, use 5 decimal places as
displayed in the factor table provided.)
What is the present value of the note received by Sheridan?
(Round answer to 2 decimal places, e.g.
25.25.)
enter the present value of the note received in dollars rounded
to 2 decimal places

Cali Hardware issued $400,000 of 8%, 20-year bonds. The bonds
pay interest semiannually. The market interest rate at the time of
issuance was 10%.
Make the journal entry to record the transaction of the issuance
of the bonds. Please show all your calculations (i.e., showing me
clearly how you calculated the total and related pieces of the
total, including the factor from the table). Also, please show your
answers carried out to 2 decimal places.

Spiller Corp. plans to issue 12%, 5-year, $460,000 par value
bonds payable that pay interest semiannually on June 30 and
December 31. The bonds are dated December 31, 2019, and are issued
on that date. (PV of $1, FV of $1, PVA of $1, and FVA of $1) (Use
appropriate factor(s) from the tables provided. Round your "Table
value" to 4 decimal places and final answers to nearest whole
dollar.) If the market rate of interest for the bonds is...

Concord Railroad Co. is about to issue $330,000 of 8-year bonds
paying an 9% interest rate, with interest payable semiannually. The
discount rate for such securities is 8%.
Click below to view the factor tables.
Table 1. Future Value of 1
Table 2. Future Value of an Annuity of 1
Table 3. Present Value of 1
Table 4. Present Value of an Annuity of 1
(For calculation purposes, use 5 decimal places as
displayed in the factor table provided.)
How...

vanhoe Company is about to issue $344,000 of 6-year bonds paying
an 11% interest rate, with interest payable annually. The discount
rate for such securities is 10%.
Click here to view the factor table.
(For calculation purposes, use 5 decimal places as
displayed in the factor table provided.)
How much can Ivanhoe expect to receive for the sale of these bonds?
(Round answer to 0 decimal places, e.g.
2,575.)
Ivanhoe can expect to receive
$enter a dollar amount to be...

Sunland Company is about to issue $450,000 of 10-year bonds
paying an 11% interest rate, with interest payable annually. The
discount rate for such securities is 13%. Click here to view the
factor table. (For calculation purposes, use 5 decimal places as
displayed in the factor table provided.) In this case, how much can
Sunland expect to receive from the sale of these bonds? (Round
answer to 0 decimal places, e.g. 2,575.)

Wildhorse Co. earns 9% on an investment that will return
$530,000 9 years from now.
Click here to view the factor table.
(For calculation purposes, use 5 decimal places as
displayed in the factor table provided.)
What is the amount Wildhorse should invest now to earn this rate of
return? (Round answer to 2 decimal places, e.g.
5,275.25.)
Wildhorse Co. should invest
$enter an amount to be invested in dollars rounded to 2 decimal
places
Blossom Company earns 4% on...

Trader Joes issues $5,000,000 of 8%,
4-year bonds dated January 1, 2013, that pay interest semiannually
on June 30 and December 31. The bonds are issued at a price of
5,030,00
Prepare the January 1, 2013, journal
entry to record the issuance.
For each semiannual period, compute
the cash payment,
the straight-line premium or discount amortization
the bond interest expense
Cash proceeds=
Cash proceeds=
Bonds interest expense= cash interest
paid + bond discount
Bonds interest expense=
Bonds interest expense=
Bonds...

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