Citywide Company Issues bonds with a parvalue of $70,000 on thelr stated issue date. The bonds mature In eight years and pay 10% annual interest in semiannual payments. On the ssue date, the annual market rate for the bonds is 8%, (Table BI, 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. eBook 5. Prepare the journal entry to record the bonds issuance. Complete this quesion by entering your answers in the tabs below Hint Re to Rq 4 Req s Print 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, or at a premium. Reference Show lessA cash interest Rate value Number Whether the bonds are issued at par at a discount, or at a Req 1 to 3 Req4 > Citywide Company Issues bonds with a parvalue of $70,000 on thelr stated issue date. The bonds mature In eight years and pay 10% annual interest in semiannual payments. On the ssue date, the annual market rate for the bonds is 896. (Table BL Table B.2, Table B.3, and Table BA) (Use appropriate factor(s)Trom 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 at a premium. 4. Compute the price of the bonds as of their Issue date. eBook 5. Prepare the journal entry to record the bonds issuance. Complete this quesion by entering your answers in the tabs below Hint Req 1 toe4Req 5 Print Compute the price of the bonds as of their issue date. (Round intermediate calculations to the nearest dollar amount.) h Flow Par (maturity) value Interest Price of bonds K Req 1 to 3 Req 5 > Citywide Company Issues bonds with a parvalue of $70,000 on thelr stated issue date. The bonds mature In eight years and pay 10% annual interest in semiannual payments. On the Issue date, the annual market rate for the bonds is 8%. (Table B.1, 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 at a premium. 4. Compute the price of the bonds as of their issue date. eBook 5. Prepare the journal entry to record the bonds issuance. Complete this question by entering your answers in the tabs below Hint Req 1 to Req 4Req 5 Print Prepare the journal entry to record the bonds' issuance. (Round intermediate calculations to the nearest dollar amount.) ReferenCe View transaction list Journal entry worksheet Record the issue of bonds with a par value of $70,000. Note: Enter debits before credits Record entry View general journal Clear entry On January 1, 2018, Eagle borrows $32,000 cash by signing a four-year, 9% installment note. The note requires four equal payments of $9,877, cons sting of accrued Interest and principal 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 Print Journal entry worksheet ReferenCe Eagle borrows $32,000 cash by signing a four-year, 99% llment note. Record the issuance of the note on January 1, 2018 Note: Enter debits before credits. ate Jan 01 2018 Record entry View general journal Clear entry 10 Montclair Company is considering a project that will require a $530,000 loan. t presenty has total llabilities of $205,000, and total assets of $635,000. 10 the debt-to-equity ratio assuming it borrows $530,000 to 1. Compute Montclair's (aj present debt-to-equity ratio and fund the project. points Choose Numerator: Choose Denominator eBook Debt-to-Equity Rato a) Print ReferenCe NO-Toxic-Toys currently has $450,000 of equity and is planning an $180,000 expansion to meet increasing demand for ts product. The company currenty earns $90,000 In net Income and the expansion will yield $45,000 In additional Income before any Interest expense. The company has three options: ) Do not expand, (2) Expand and issue $180,000 in debt that requires 12% annual interest, or (3) Expand and raise $180,000 from equity financing. 10 points Required For each of the three options, compute (a) net income and (D) return on equity (Net Income tax effects. (Round "Return on equity" to 1 decimal place.) Equityl Ignore any Income Debt Expand Financing Financin Print Don't Equity Income before interest Reference expense Interest expense Equity Return on equity 12 Hillside issues $2,700,000 of 7%, 15-year bonds dated January 1, 2018, that pay interest semiannually on June 30 and December 31. The bonds are issued at a price of $2,333,101. 10 Required: 1. Prepare the January 1, 2018, journal entry to record the bonds' issuance. 2la) For each semiannual period, complete the table below to calculate the cash payment 2b) For each semiannual period, complete the table below to calculate the straight-line discount amortization. 2(c) For each semiannual period, complete the table below to calculate the bond interest expense. 3. Complete the below table to calculate the total bond Interest expense to be recognized over the bonds' life. 4. Prepare the first two years of an amortization table using the straight-line method. 5. Prepare the journal entries to record the first two interest payments. points eBook Print Complete this question by entering your answers in the tabs below Reference Req 24 to Req 3 Rq 4 Req S Prepare the January 1, 2018, journal entry to record the bonds' issuance. View transaction list Journal entry worksheet Record the issue of bonds with a par value of $2,700,000 cash on January 1, 2018 at an issue price of $2,333,101 Note: Enter debits before credits. ate Jan 01 2018 Record entry View general journal Clear entry Req1 > Req 2A to 2C 12 Hillside issues $2,700,000 of 7%, 15-year bonds dated January 1, 2018, that pay interest semiannually on June 30 and December 31. The bonds are issued at a price of $2,333,101. 10 Required: 1. Prepare the January 1, 2018, journal entry to record the bonds' issuance. 2la) For each semiannual period, complete the table below to calculate the cash payment 2b) For each semiannual period, complete the table below to calculate the straight-line discount amortization. 2(c) For each semiannual period, complete the table below to calculate the bond interest expense. 3. Complete the below table to calculate the total bond Interest expense to be recognized over the bonds' life. 4. Prepare the first two years of an amortization table using the straight-line method. 5. Prepare the journal entries to record the first two interest payments points eBook Print Complete this quesion by entering your answers in the tabs below 24 to Req 3 Req 4 Req S Req 1 For each semiannual period, complete the table below to calculate the cash payment, straight-line discount amortization and bond interest expense. Par (maturity) value Annual Rate Year cash interest Par (maturityBonds price value Bonds periods interest 12 Hillside issues $2,700,000 of 7%, 15-year bonds dated January 1, 2018, that pay interest semiannually on June 30 and December 31. The bonds are issued at a price of $2,333,101. 10 Required: 1. Prepare the January 1, 2018, journal entry to record the bonds' issuance. 2la) For each semiannual period, complete the table below to calculate the cash payment 2b) For each semiannual period, complete the table below to calculate the straight-line discount amortization. 2(c) For each semiannual period, complete the table below to calculate the bond interest expense. 3. Complete the below table to calculate the total bond Interest expense to be recognized over the bonds' life. 4. Prepare the first two years of an amortization table using the straight-line method. 5. Prepare the journal entries to record the first two interest payments points eBook Print Complete this quesion by entering your answers in the tabs below Reference Req 2A to Req 3Req4 Req Complete the below table to calculate the total bond interest expense to be recognized over the bonds life Amount repaid: of Par value at Total repaid Less amount borrowed l bond interest e Req 2A to 2C 12 Hillside issues $2,700,000 of 7%, 15-year bonds dated January 1, 2018, that pay interest semiannually on June 30 and December 31. The bonds are issued at a price of $2,333,101. 10 Required: 1. Prepare the January 1, 2018, journal entry to record the bonds' issuance. 2la) For each semiannual period, complete the table below to calculate the cash payment 2b) For each semiannual period, complete the table below to calculate the straight-line discount amortization. 2(c) For each semiannual period, complete the table below to calculate the bond interest expense. 3. Complete the below table to calculate the total bond Interest expense to be recognized over the bonds' life. 4. Prepare the first two years of an amortization table using the straight-line method. 5. Prepare the journal entries to record the first two interest payments. points eBook Print Complete this quesion by entering your answers in the tabs below ReferenCe Req 2A to 2C Req 1 Req 3 Prepare the first two years of an amortization table using the straight-line method. 01/01/2018 06V30/2018 12/31/2018 06V30/2019 12/31/2019 Req 3 Req 5 > 12 Hillside issues $2,700,000 of 7%, 15-year bonds dated January 1, 2018, that pay interest semiannually on June 30 and December 31. The bonds are issued at a price of $2,333,101. 10 Required: 1. Prepare the January 1, 2018, journal entry to record the bonds' issuance. 2la) For each semiannual period, complete the table below to calculate the cash payment 2b) For each semiannual period, complete the table below to calculate the straight-line discount amortization. 2(c) For each semiannual period, complete the table below to calculate the bond interest expense. 3. Complete the below table to calculate the total bond Interest expense to be recognized over the bonds' life. 4. Prepare the first two years of an amortization table using the straight-line method. 5. Prepare the journal entries to record the first two interest payments points eBook Print Complete this quesion by entering your answers in the tabs below Reference Req 2A to Req 3 Req 4 Reqs Prepare the journal entries to record the first two interest payments. View transaction list Journal entry worksheet Record the first interest payment on June 30, 2018 Note: Enter debits before credits. ate Jun 30, 2018 Record entry View general journal Clear entry Req 4 Req 5 Citywide Company Issues bonds with a parvalue of $70,000 on thelr stated issue date. The bonds mature In eight years and pay 10% annual interest in semiannual payments. On the ssue date, the annual market rate for the bonds is 8%, (Table BI, 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. eBook 5. Prepare the journal entry to record the bonds issuance. Complete this quesion by entering your answers in the tabs below Hint Re to Rq 4 Req s Print 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, or at a premium. Reference Show lessA cash interest Rate value Number Whether the bonds are issued at par at a discount, or at a Req 1 to 3 Req4 > Citywide Company Issues bonds with a parvalue of $70,000 on thelr stated issue date. The bonds mature In eight years and pay 10% annual interest in semiannual payments. On the ssue date, the annual market rate for the bonds is 896. (Table BL Table B.2, Table B.3, and Table BA) (Use appropriate factor(s)Trom 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 at a premium. 4. Compute the price of the bonds as of their Issue date. eBook 5. Prepare the journal entry to record the bonds issuance. Complete this quesion by entering your answers in the tabs below Hint Req 1 toe4Req 5 Print Compute the price of the bonds as of their issue date. (Round intermediate calculations to the nearest dollar amount.) h Flow Par (maturity) value Interest Price of bonds K Req 1 to 3 Req 5 > Citywide Company Issues bonds with a parvalue of $70,000 on thelr stated issue date. The bonds mature In eight years and pay 10% annual interest in semiannual payments. On the Issue date, the annual market rate for the bonds is 8%. (Table B.1, 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 at a premium. 4. Compute the price of the bonds as of their issue date. eBook 5. Prepare the journal entry to record the bonds issuance. Complete this question by entering your answers in the tabs below Hint Req 1 to Req 4Req 5 Print Prepare the journal entry to record the bonds' issuance. (Round intermediate calculations to the nearest dollar amount.) ReferenCe View transaction list Journal entry worksheet Record the issue of bonds with a par value of $70,000. Note: Enter debits before credits Record entry View general journal Clear entry On January 1, 2018, Eagle borrows $32,000 cash by signing a four-year, 9% installment note. The note requires four equal payments of $9,877, cons sting of accrued Interest and principal 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 Print Journal entry worksheet ReferenCe Eagle borrows $32,000 cash by signing a four-year, 99% llment note. Record the issuance of the note on January 1, 2018 Note: Enter debits before credits. ate Jan 01 2018 Record entry View general journal Clear entry 10 Montclair Company is considering a project that will require a $530,000 loan. t presenty has total llabilities of $205,000, and total assets of $635,000. 10 the debt-to-equity ratio assuming it borrows $530,000 to 1. Compute Montclair's (aj present debt-to-equity ratio and fund the project. points Choose Numerator: Choose Denominator eBook Debt-to-Equity Rato a) Print ReferenCe NO-Toxic-Toys currently has $450,000 of equity and is planning an $180,000 expansion to meet increasing demand for ts product. The company currenty earns $90,000 In net Income and the expansion will yield $45,000 In additional Income before any Interest expense. The company has three options: ) Do not expand, (2) Expand and issue $180,000 in debt that requires 12% annual interest, or (3) Expand and raise $180,000 from equity financing. 10 points Required For each of the three options, compute (a) net income and (D) return on equity (Net Income tax effects. (Round "Return on equity" to 1 decimal place.) Equityl Ignore any Income Debt Expand Financing Financin Print Don't Equity Income before interest Reference expense Interest expense Equity Return on equity 12 Hillside issues $2,700,000 of 7%, 15-year bonds dated January 1, 2018, that pay interest semiannually on June 30 and December 31. The bonds are issued at a price of $2,333,101. 10 Required: 1. Prepare the January 1, 2018, journal entry to record the bonds' issuance. 2la) For each semiannual period, complete the table below to calculate the cash payment 2b) For each semiannual period, complete the table below to calculate the straight-line discount amortization. 2(c) For each semiannual period, complete the table below to calculate the bond interest expense. 3. Complete the below table to calculate the total bond Interest expense to be recognized over the bonds' life. 4. Prepare the first two years of an amortization table using the straight-line method. 5. Prepare the journal entries to record the first two interest payments. points eBook Print Complete this question by entering your answers in the tabs below Reference Req 24 to Req 3 Rq 4 Req S Prepare the January 1, 2018, journal entry to record the bonds' issuance. View transaction list Journal entry worksheet Record the issue of bonds with a par value of $2,700,000 cash on January 1, 2018 at an issue price of $2,333,101 Note: Enter debits before credits. ate Jan 01 2018 Record entry View general journal Clear entry Req1 > Req 2A to 2C 12 Hillside issues $2,700,000 of 7%, 15-year bonds dated January 1, 2018, that pay interest semiannually on June 30 and December 31. The bonds are issued at a price of $2,333,101. 10 Required: 1. Prepare the January 1, 2018, journal entry to record the bonds' issuance. 2la) For each semiannual period, complete the table below to calculate the cash payment 2b) For each semiannual period, complete the table below to calculate the straight-line discount amortization. 2(c) For each semiannual period, complete the table below to calculate the bond interest expense. 3. Complete the below table to calculate the total bond Interest expense to be recognized over the bonds' life. 4. Prepare the first two years of an amortization table using the straight-line method. 5. Prepare the journal entries to record the first two interest payments points eBook Print Complete this quesion by entering your answers in the tabs below 24 to Req 3 Req 4 Req S Req 1 For each semiannual period, complete the table below to calculate the cash payment, straight-line discount amortization and bond interest expense. Par (maturity) value Annual Rate Year cash interest Par (maturityBonds price value Bonds periods interest 12 Hillside issues $2,700,000 of 7%, 15-year bonds dated January 1, 2018, that pay interest semiannually on June 30 and December 31. The bonds are issued at a price of $2,333,101. 10 Required: 1. Prepare the January 1, 2018, journal entry to record the bonds' issuance. 2la) For each semiannual period, complete the table below to calculate the cash payment 2b) For each semiannual period, complete the table below to calculate the straight-line discount amortization. 2(c) For each semiannual period, complete the table below to calculate the bond interest expense. 3. Complete the below table to calculate the total bond Interest expense to be recognized over the bonds' life. 4. Prepare the first two years of an amortization table using the straight-line method. 5. Prepare the journal entries to record the first two interest payments points eBook Print Complete this quesion by entering your answers in the tabs below Reference Req 2A to Req 3Req4 Req Complete the below table to calculate the total bond interest expense to be recognized over the bonds life Amount repaid: of Par value at Total repaid Less amount borrowed l bond interest e Req 2A to 2C 12 Hillside issues $2,700,000 of 7%, 15-year bonds dated January 1, 2018, that pay interest semiannually on June 30 and December 31. The bonds are issued at a price of $2,333,101. 10 Required: 1. Prepare the January 1, 2018, journal entry to record the bonds' issuance. 2la) For each semiannual period, complete the table below to calculate the cash payment 2b) For each semiannual period, complete the table below to calculate the straight-line discount amortization. 2(c) For each semiannual period, complete the table below to calculate the bond interest expense. 3. Complete the below table to calculate the total bond Interest expense to be recognized over the bonds' life. 4. Prepare the first two years of an amortization table using the straight-line method. 5. Prepare the journal entries to record the first two interest payments. points eBook Print Complete this quesion by entering your answers in the tabs below ReferenCe Req 2A to 2C Req 1 Req 3 Prepare the first two years of an amortization table using the straight-line method. 01/01/2018 06V30/2018 12/31/2018 06V30/2019 12/31/2019 Req 3 Req 5 > 12 Hillside issues $2,700,000 of 7%, 15-year bonds dated January 1, 2018, that pay interest semiannually on June 30 and December 31. The bonds are issued at a price of $2,333,101. 10 Required: 1. Prepare the January 1, 2018, journal entry to record the bonds' issuance. 2la) For each semiannual period, complete the table below to calculate the cash payment 2b) For each semiannual period, complete the table below to calculate the straight-line discount amortization. 2(c) For each semiannual period, complete the table below to calculate the bond interest expense. 3. Complete the below table to calculate the total bond Interest expense to be recognized over the bonds' life. 4. Prepare the first two years of an amortization table using the straight-line method. 5. Prepare the journal entries to record the first two interest payments points eBook Print Complete this quesion by entering your answers in the tabs below Reference Req 2A to Req 3 Req 4 Reqs Prepare the journal entries to record the first two interest payments. View transaction list Journal entry worksheet Record the first interest payment on June 30, 2018 Note: Enter debits before credits. ate Jun 30, 2018 Record entry View general journal Clear entry Req 4 Req 5