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1. 2. THank you Sikes Corporation, whose annual accounting period ends on December 31, issued the following bonds Date of bonds: January 1, 2818 Maturity

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Sikes Corporation, whose annual accounting period ends on December 31, issued the following bonds Date of bonds: January 1, 2818 Maturity amount and date: $110,889 due in 19 years (December 31, 2827) Interest: 18 percent per year payable each December 31 Date issued: January 1, 2818 Requirec: 1. For each of the three Independent cases that follow, provide the amounts to be reported on the January 1, 2018, financlal statements Immediately after the bonds are Issued. TIP: See Exhibit 10.5 for an llustration distingulshing Bonds Payable from thelr carrying value. (Deductions should be Indicated by a minus sign.) Case C Case A Case B January 1, 2018-Financial statements (At 100) (At 97) (At 101) a. Bonds payable b. Unamortized premium (or discount) c. carrying value EZ Curb Company completed the following transactions. The annual accounting perlod ends December 31. an.8 Purchased merchandise on account at a cost of $16,ee0. (Assume a perpetual inventory system Jan. 17 Paid for the Janu Apr. 1 Received $43, 200 fromNational Bank after signing a 12-month, 8.8 percent, 8 purchase June 3 Purchased merchandise on ac count at a cost of $28,0ee July 5 Paid for the June 3 purchase July 31 Rented out small office in a building owned by EZ Curb Company and collected six months rent in advance, amounting to $7,20. (Use an account called Dec. 28 Collected $140 cash on account from a customer Dec. 31 Determined that wages of $7,388 were earned but not yet paid on December 31 (Ignore payroll taxes) Dec. 31 Adjusted the accounts at year-end, relating to interest Dec. 31 Adjusted the accounts at year-end, relating to rent Required: 1. For each listed transaction and related adjusting entry, Indicate the accounts, amounts, and effects on the accounting equation. 2 For each transaction and related adjusting entry, Indicate whether the debt-to-assets ratio is Increased or decreased or there is no change. (Assume EZ Curb Company's debt-to-assets ratio has always been less than 1.0.) Complete this question by entering your answers in the tabs below. Required1Required 2 For each listed transaction and related adjusting entry, indicate the accounts, amounts, and effects on the accounting equation. (Do not round intermediate calculations. Enter any decreases to assets, liabilities or stockholders equity with a minus sign. Enter your answers in transaction order provided in the problem statement.) ssets ilities Jan. 8 Jan. 17 Apr. 1 June 3 July 5 July 31 Dea. 20 Deo. 31 Deo. 31 Deo. 31 1. For each listed transaction and related adjusting entry, Indicate the accounts, amounts, and effects on the accounting equation. 2. For each transaction and related adjusting entry, Indicate whether the debt-to-assets ratio Is Increased or decreased or there Is no change. (Assume EZ Curb Company's debt-to-assets ratio has always been less than 1.0.) Complete this question by entering your answers in the tabs below Required 1Required 2 For each transaction and related adjusting entry, indicate whether the debt-to-assets ratio is increased or decreased or there is no change. (Assume EZ Curb Company's debt-to-assets ratio has always been less than 1.0.) (Enter your answers in transaction order provided in the problem statement.) Effect on Ratio Date Numerator Denominator Jan. 8 Jan. 17 Apr. 1 June 3 July 5 July 31 Dec. 20 Dec. 31 Dec. 31 Dec. 31

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