Advance Payments for Goods The Petaluma Daily Times Corporation ICDT) publishes a daily newspaper. A 52-week wubscriptions for $260. Assume that COT 100 Subscriptions on any 1. None of the subscriptions are cancelled of March 31 arare a jou Prepara rney to record the recept of the subscriptions on January t y to record one week of med revenue on March 25 Cred Previous Save Answers Early Retirement of Bonds Eaton Company issued $600,000 of eight percent, 20-year bonds at 106 on January 1, 2013. Interest is payable semiannually on July 1 and January 1. Through January 1, 2019, Eaton amortized $5,000 of the bond premium. On January 1, 2019, Eaton retired the bonds at 103 (after making the interest payment on that date). Prepare the journal entry to record the bond retirement on January 1, 2019 General Journal Description Date Debit Credit ant Bonds Payable To retire bonds and record gain on bond retirement Check Previous Save Answers Next 2 0 3 9 Dw Ps ? EF w Question 4 Not complete Marked out of 22.00 P Flag question Installment Term Loan On December 31, 2017, Eppel, Inc. borrowed $900,000 on an eight percent, 15-year mortgage note payable. The note is to be repaid in equal semiannual installments of $52,047 (payable on June 30 and December 31). Prepare journal entries to reflect (a) the issuance of the mortgage note payable, (b) the payment of the first installment on June 30, 2018, and (c) the payment of the second installment on December 31, 2018. Round amounts to the nearest dollar. General Journal Description Date Debit Credit Dec 31 Borrowed a mortgage note payable jun 30 Interest Expense To record semiannual payment Dec 31 Mortgage Note Payable To record semiannual payment Check Next Previous Save Answers Question 5 Not complete Marked out of 3.00 P Flag question Issue Price of a Bond Matt Enterprises issued $200,000 of ten percent, five-year bonds with interest payable semiannually. Determine the issue price if the bonds are priced to yield (a) ten percent, (b) six percent, and (c) 12 percent. Use financial calculator or Excel to calculate answers, Round answers to the nearest whole number Check Previous Save Answers Finish attempt Advance Payments for Goods The Petaluma Daily Times Corporation ICDT) publishes a daily newspaper. A 52-week wubscriptions for $260. Assume that COT 100 Subscriptions on any 1. None of the subscriptions are cancelled of March 31 arare a jou Prepara rney to record the recept of the subscriptions on January t y to record one week of med revenue on March 25 Cred Previous Save Answers Early Retirement of Bonds Eaton Company issued $600,000 of eight percent, 20-year bonds at 106 on January 1, 2013. Interest is payable semiannually on July 1 and January 1. Through January 1, 2019, Eaton amortized $5,000 of the bond premium. On January 1, 2019, Eaton retired the bonds at 103 (after making the interest payment on that date). Prepare the journal entry to record the bond retirement on January 1, 2019 General Journal Description Date Debit Credit ant Bonds Payable To retire bonds and record gain on bond retirement Check Previous Save Answers Next 2 0 3 9 Dw Ps ? EF w Question 4 Not complete Marked out of 22.00 P Flag question Installment Term Loan On December 31, 2017, Eppel, Inc. borrowed $900,000 on an eight percent, 15-year mortgage note payable. The note is to be repaid in equal semiannual installments of $52,047 (payable on June 30 and December 31). Prepare journal entries to reflect (a) the issuance of the mortgage note payable, (b) the payment of the first installment on June 30, 2018, and (c) the payment of the second installment on December 31, 2018. Round amounts to the nearest dollar. General Journal Description Date Debit Credit Dec 31 Borrowed a mortgage note payable jun 30 Interest Expense To record semiannual payment Dec 31 Mortgage Note Payable To record semiannual payment Check Next Previous Save Answers Question 5 Not complete Marked out of 3.00 P Flag question Issue Price of a Bond Matt Enterprises issued $200,000 of ten percent, five-year bonds with interest payable semiannually. Determine the issue price if the bonds are priced to yield (a) ten percent, (b) six percent, and (c) 12 percent. Use financial calculator or Excel to calculate answers, Round answers to the nearest whole number Check Previous Save Answers Finish attempt