7 entrys

Columbus Company issued $50,000 of 10-year, 6% bonds payable on January 1, 2024. Columbus Company pays interest each January 1 and July 1 and amortizes discount or premium by the straight-line amortization method. The company can issue its bonds payable under various conditions. Read the requirements Requirement 1. Joumalize Columbus Company's issuance of the bonds and first semiannual interest payment assuming the bonds were issued at face value. Explanations are not required. (Record debits first, then credits. Exclude explanations from any journal entries.) Journalize the issuance of the bond payable at face value. Date 1 2024 Requirements Jan 1 1. Journalize Columbus Company's issuance of the bonds and first semiannual interest payment assuming the bonds were issued at face value Explanations are not required 2. Joumalize Columbus Company's issuance of the bonds and first semiannual Interest payment assuming the bonds were issued at 91. Explanations are not required 3. Joumalize Columbus Company's issuance of the bonds and first semiannual interest payment assuming the bonds were issued at 103. Explanations are not required Which bond price results in the most interest expense for Columbus Company? Explain in detail 4. 1 Fequirements 1. Journalize Columbus Company's issuance of the bonds and first semiannual interest payment assuming the bonds were issued at face value. Explanations are not required. 2. Journalize Columbus Company's issuance of the bonds and first semiannual interest payment assuming the bonds were issued at 91. Explanations are not required 3. Journalize Columbus Company's issuance of the bonds and first semiannual interest payment assuming the bonds were issued at 103. Explanations are not required. 4. Which bond price results in the most interest expense for Columbus Company? Explain in detail