about bonds

Solve the following problems about bonds: 1. You sold a $100,000, 5%, 4 year bond with interest paid semi-annually on January 1, 2013. What is the total amount of interest you would pay? What is the interest payment for each semi-annual event? What is the entry for the bond issuance? What is the entry for each of the each interest payment? What are the dates that you would pay interest? What would be the entry when you pay off the bond? Is an amortization schedule necessary? Why or why not?

2. Considering the bond #1, what would the initial entry be if you sold it for $96,000? What would be the bond interest expense for each payment? What would be the total cost of the bond? What would be the final entry when you pay off the bond? Show an amortization schedule for the rest discount. What would be the interest expense transaction?

3. Considering the bond in #1, what would be the initial entry if you sold it for $104,000? What would be the bond interest expense for each payment? What be the total cost of the bond? What would be the final entry when you pay off the bond? Show an amortization schedule for the premium. What would be the interest expense transaction?
Submit solution Report DMCA

Is this the question you were looking for? If so, place your order here to get started!