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Citywide Company issues bonds with a par value of $65,000. The bonds mature in nine years and pay 10% annual interest in semiannual payments.
Citywide Company issues bonds with a par value of $65,000. The bonds mature in nine years and pay 10% annual interest in semiannual payments. The annual market rate for the bonds is 8 %. (Table B.1. Table B.2. Table 8.3, and Table B.4) Note: Use appropriate factor(s) from the tables provided. 1. Compute the price of the bonds as of their issue date. 2. Prepare the journal entry to record the bonds' issuance. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Compute the price of the bonds as of their issue date. Note: Round intermediate calculations to the nearest dollar amount. Table Values are Based on: n= Cash Flow Table Value Amount Present Value Par (maturity) value Interest (annuity) Price of bonds $ Required 1 Required 2 > 0 Following are the issuances of stock transactions. 1. A corporation issued 5,000 shares of $10 par value common stock for $60,000 cash. 2. A corporation issued 2,500 shares of no-par common stock to its promoters in exchange for their efforts, estimated to be worth $26,500. The stock has a $1 per share stated value. 3. A corporation issued 2,500 shares of no-par common stock to its promoters in exchange for their efforts, estimated to be worth $26,500. The stock has no stated value. 4. A corporation issued 1,250 shares of $100 par value preferred stock for $151,500 cash. re journal entries to record each of the following four separate issuances of stock. ww transaction list ournal entry worksheet A B C D Record the issue of 5,000 shares of $10 par value common stock for $60,000 rach
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