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12. 13. Pretzelmania, Inc., issues 7%, 15-year bonds with a face amount of $57,000 for $52,121 on January 1, 2021. The market interest rate for
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Pretzelmania, Inc., issues 7%, 15-year bonds with a face amount of $57,000 for $52,121 on January 1, 2021. The market interest rate for bonds of similar risk and maturity is 8%. Interest is paid annually on December 31 Required: 1.& 2. Record the bond issue and first interest payment on December 31, 2021. (If no entry is required for a particular transaction/event, select "No Journal Entry Required" In the first account field, Round your intermediate computations and final answers to the nearest whole dollar amount.) 1 Record the bond issue on January 1, 2021. 2 Record the first interest payment on December 31, 2021. Xcel Corporation's December 31, 2019 Balance Sheet showed the follow Common stock, 52 par value, 400,000 shares authorized; Paid-in capital in excess of par value - common Retained Earnings Treasury Stock (2,300 shares) Total Equity 44,000 820,000 240,000 (102.000) $1,002,000 1. How many shares of stock have been issued at December 31, 20197 Connect accepts answers with OR without commas, dollars sign, parenthesis, etc 13.
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