Citywide Company Issues bonds with a par value of $84,000 on their stated issue date. The bonds mature in eight years and pay 12% annual interest in semiannual payments. On the issue date, the annual market rate for the bonds is 10%-(Table B1, Table B.2, Table B.3, and Table B.4) (Use appropriate factor(s) from the tables provided.) 10 points 1. What is the amount of each semiannual Interest payment for these bonds? 2. How many semiannual Interest payments will be made on these bonds over their life? 3. Use the Interest rates given to select whether the bonds are issued at par, at a d scount, or ata premium. 4. Compute the price of the bonds as of their Issue date. 5. Prepare the journal entry to record the bonds issuance. eBook Complete this quesion by entering your answers in the tabs below Hint Re to Rq 4 Req s What is the amount of each semiannual interest payment for these bonds? How many semiannual interest payments will be made on these bonds over their life? Use the interest rates given to select whether the bonds are issued at par, at a discount, orn at a premium. Reference Show lessA cash interest Rate value Number Whether the bonds are issued at par at a or at a Req 1 to 3 Req4 > Citywide Company Issues bonds with a par value of $84,000 on their stated issue date. The bonds mature in eight years and pay 12% annual interest in semiannual payments. On the issue date, the annual market rate for the bonds is 10%. (Table B1, Table B.2, Table B.3, and Table B.4) (Use appropriate factor(s) from the tables provided.) 10 points 1. What is the amount of each semiannual Interest payment for these bonds? 2. How many semiannual Interest payments will be made on these bonds over their life? 3. Use the Interest rates given to select whether the bonds are issued at par, at a d scount, or ata premium. 4. Compute the price of the bonds as of their Issue date. 5. Prepare the journal entry to record the bonds issuance. eBook Complete this quesion by entering your answers in the tabs below Hint Req 1 toReg4 Req 5 Compute the price of the bonds as of their issue date. (Round intermediate calculations to the nearest dollar amount.) Print ReferenCe h Flow Par (maturity) Interest Price of bonds Req 1 to 3 Req 5 > Citywide Company Issues bonds with a par value of $84,000 on their stated issue date. The bonds mature in eight years and pay 12% annual interest in semiannual payments. On the issue date, the annual market rate for the bonds is 10%. [able B1, Table B.2, Table B.3, and Table B.4) (Use appropriate factor(s) from the tables provided.) 10 points 1. What is the amount of each semiannual Interest payment for these bonds? 2. How many semiannual Interest payments will be made on these bonds over their life? 3. Use the Interest rates given to select whether the bonds are issued at par, at a d scount, or ata premium. 4. Compute the price of the bonds as of their Issue date. 5. Prepare the journal entry to record the bonds issuance. eBook Complete this quesion by entering your answers in the tabs below Hint Req 1 to Req 4Req 5 Prepare the journal entry to record the bonds' issuance. (Round intermediate calculations to the nearest dollar amount. Print View transaction list Journal entry worksheet Record the issue of bonds with a par value of $84,000. Note: Enter debits before credits. Record entry View general journal Clear entry Req 5 9 On January 1, 2018, Eagle borrows $33,000 cash by signing a four-year, 6% installment note. The note requires four equal payments of $9,524, consisting of accrued Interest and princlpal on December 31 of each year from 2018 through 2021(Table B1, Table B.2, Table B.3, and Table B.4) (Use appropriate factor(s) from the tables provided. Round your intermediate calculations and final answers to the nearest dollar amount. Round all table values to 4 decimal 10 points places, and use the rounded table values in calculations. Prepare the journal entries for Eagle to record the loan on January 1, 2018, and the four payments from December 31, 2018, through December 31, 2021 eBook View transaction list Journal entry worksheet Print ReferenCe Eagl borrows $33,000 cash by signing a four-year, 696 installment note. Record the issuance of the note on January 1, 2018 Note: Enter debits before credits. Jan 01 2018 Record entry View general journal Clear entry 10 Montclair Company is considering a project that will require a $670,000 loan. It presently has total llabilities of $135,000, and total assets of $705,000 10 1. Compute Montclairs (al present debt-to-equity ratio and (b) the debt-to-equity ratio assuming It borrows $670,000 to points Choose Numerator: Choose Denominator Debt-to-Equity Ratio Print ReferenCe NO-Toxic-Toys currently has $400,000 or equity and is planning an $160,000 expansion to meet increasing demand for ts product. The company currenty earns $140,000 In net Income and the expansion will eld $70,000 In add tional Income before any Interest expense. The company has three options: ) Do not expand, (2) Expand and issue $160,000 in debt that requires g% annual interest, or (3) Expand and raise $160,000 from equity financing. 10 points Required For each of the three options, compute (a net income and (b) return on equity (Net Income/ Equity), Ignore any income tax effects. (Round "Return on equity" to 1 decimal place.) skipped Debt Expand Financing Financing Don't Equity Print Income before interest Interest expense ReferenCE Net income Equity Return on equity Citywide Company Issues bonds with a par value of $84,000 on their stated issue date. The bonds mature in eight years and pay 12% annual interest in semiannual payments. On the issue date, the annual market rate for the bonds is 10%-(Table B1, Table B.2, Table B.3, and Table B.4) (Use appropriate factor(s) from the tables provided.) 10 points 1. What is the amount of each semiannual Interest payment for these bonds? 2. How many semiannual Interest payments will be made on these bonds over their life? 3. Use the Interest rates given to select whether the bonds are issued at par, at a d scount, or ata premium. 4. Compute the price of the bonds as of their Issue date. 5. Prepare the journal entry to record the bonds issuance. eBook Complete this quesion by entering your answers in the tabs below Hint Re to Rq 4 Req s What is the amount of each semiannual interest payment for these bonds? How many semiannual interest payments will be made on these bonds over their life? Use the interest rates given to select whether the bonds are issued at par, at a discount, orn at a premium. Reference Show lessA cash interest Rate value Number Whether the bonds are issued at par at a or at a Req 1 to 3 Req4 > Citywide Company Issues bonds with a par value of $84,000 on their stated issue date. The bonds mature in eight years and pay 12% annual interest in semiannual payments. On the issue date, the annual market rate for the bonds is 10%. (Table B1, Table B.2, Table B.3, and Table B.4) (Use appropriate factor(s) from the tables provided.) 10 points 1. What is the amount of each semiannual Interest payment for these bonds? 2. How many semiannual Interest payments will be made on these bonds over their life? 3. Use the Interest rates given to select whether the bonds are issued at par, at a d scount, or ata premium. 4. Compute the price of the bonds as of their Issue date. 5. Prepare the journal entry to record the bonds issuance. eBook Complete this quesion by entering your answers in the tabs below Hint Req 1 toReg4 Req 5 Compute the price of the bonds as of their issue date. (Round intermediate calculations to the nearest dollar amount.) Print ReferenCe h Flow Par (maturity) Interest Price of bonds Req 1 to 3 Req 5 > Citywide Company Issues bonds with a par value of $84,000 on their stated issue date. The bonds mature in eight years and pay 12% annual interest in semiannual payments. On the issue date, the annual market rate for the bonds is 10%. [able B1, Table B.2, Table B.3, and Table B.4) (Use appropriate factor(s) from the tables provided.) 10 points 1. What is the amount of each semiannual Interest payment for these bonds? 2. How many semiannual Interest payments will be made on these bonds over their life? 3. Use the Interest rates given to select whether the bonds are issued at par, at a d scount, or ata premium. 4. Compute the price of the bonds as of their Issue date. 5. Prepare the journal entry to record the bonds issuance. eBook Complete this quesion by entering your answers in the tabs below Hint Req 1 to Req 4Req 5 Prepare the journal entry to record the bonds' issuance. (Round intermediate calculations to the nearest dollar amount. Print View transaction list Journal entry worksheet Record the issue of bonds with a par value of $84,000. Note: Enter debits before credits. Record entry View general journal Clear entry Req 5 9 On January 1, 2018, Eagle borrows $33,000 cash by signing a four-year, 6% installment note. The note requires four equal payments of $9,524, consisting of accrued Interest and princlpal on December 31 of each year from 2018 through 2021(Table B1, Table B.2, Table B.3, and Table B.4) (Use appropriate factor(s) from the tables provided. Round your intermediate calculations and final answers to the nearest dollar amount. Round all table values to 4 decimal 10 points places, and use the rounded table values in calculations. Prepare the journal entries for Eagle to record the loan on January 1, 2018, and the four payments from December 31, 2018, through December 31, 2021 eBook View transaction list Journal entry worksheet Print ReferenCe Eagl borrows $33,000 cash by signing a four-year, 696 installment note. Record the issuance of the note on January 1, 2018 Note: Enter debits before credits. Jan 01 2018 Record entry View general journal Clear entry 10 Montclair Company is considering a project that will require a $670,000 loan. It presently has total llabilities of $135,000, and total assets of $705,000 10 1. Compute Montclairs (al present debt-to-equity ratio and (b) the debt-to-equity ratio assuming It borrows $670,000 to points Choose Numerator: Choose Denominator Debt-to-Equity Ratio Print ReferenCe NO-Toxic-Toys currently has $400,000 or equity and is planning an $160,000 expansion to meet increasing demand for ts product. The company currenty earns $140,000 In net Income and the expansion will eld $70,000 In add tional Income before any Interest expense. The company has three options: ) Do not expand, (2) Expand and issue $160,000 in debt that requires g% annual interest, or (3) Expand and raise $160,000 from equity financing. 10 points Required For each of the three options, compute (a net income and (b) return on equity (Net Income/ Equity), Ignore any income tax effects. (Round "Return on equity" to 1 decimal place.) skipped Debt Expand Financing Financing Don't Equity Print Income before interest Interest expense ReferenCE Net income Equity Return on equity