 |
|
| Browse | Ask | Answer | Search | Join/Login |
|
|
||||
|
On January 1, 2007, the Kings Corporation issued 10% bonds with a face value of $119,
On January 1, 2007, the Kings Corporation issued 10% bonds with a face value of $119,000. The bonds are sold for $116,620. The bonds pay interest semiannually on June 30 and December 31 and the maturity date is December 31, 2011. Kings records straight-line amortization of the bond discount. Determine the bond interest expense for the year ended December 31, 2007.
|
||||
Check out some similar questions!
On January 1, a company issued 10%, 10-year bonds payable with a par value of $720,000. The bonds pay interest on July 1 and January 1. The bonds were issued for $817,860 cash, which provided the holders an annual yield of 8%. Prepare the journal entry to record the first semiannual interest...
Appling Enterprises issued 8% bonds with a face amount of 400,000 on January 1, 2011. The bonds sold for 331,364 and mature in 2030 (20 years). For bonds of similar risk and maturity the market yield was 10%. Interest is paid semiannually on June 30 and Dec. 31. Appling determines interest...
Company issued bonds with a face amount of $1000000 at 97.6%. The bonds are secured, have a stated rate of 7.5%, are callable in 5 years, and mature in 20 years. They pay interest semi-annually on July 1 and January 1
On January 1, 2011, Zee Co issued ten-year bonds with a face value of $1,000,000 and a stated interest rate of 10%, payable semiannually on June 30 and December 31. The bonds were sold to yield 12%. How much is the issue price of the bond?
I need to record the journal entry for interest paid on July 1 and record interest paid on dec 31. I am stuck
View more questions Search
| Question Tools | Search this Question |
Add your answer here.
|
