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Score: 0.11 of 1 pt 10 of 10 (6 complete) % T19-1 (similar to) At December 31 i (Click the ice Suppose Superfast Airlines issued $140,000 of 14%, five-year bonds when the market interest rate is 16%. The market price of the bonds drops, and Southwest receives $130,578 when the bonds are issued The transaction was recorded as follows: (Click the icon to view the transaction) Superfast's journal entries to record interest expense and amortize the bond discount in the first year follows: (Click the icon to view the journal entries) What would Supe sheet report for th Begin by completing the income statement for 2018 Income Statement for 2018 Interest expense $ 20,944 Now complete the balance sheet at December 31, 2018 Balance Sheet at December 31, 2018 Current liabilities: Long-term liabilities: Bonds payable Less: Discount on bonds payable W Ch 9 - Google Chrome udent/Player Homework.aspx?homeworkld=590426495&questionid=10&flushed=false&cid=64024298.centerwin=y ton - Financial Accounting Spring 2021 Online Connor Thornhill Ork: HW Ch 9 pt 10 of 10 (6 complete) HW Score: 49 milar to) At December 31, 2018, Superfast's bond accounts appear a (Click the icon to view the accounts:) st Airlines issued $140,000 of 14%, five-year bonds when the e is 16%. The market price s, and Southwest receives $130,578 when the bonds are issued. as recorded as follows to view the transaction.) 1 entries to record in one t year follows: to view the journal 0 Transaction What would Superfast Airlines 2018 income statement and y sheet report for these bonds? andmed had - X ng the income state nt for 2018 Journal Entry Accounts and Explanation ise Date Debit Credit 2018 Cash balance sheet at D Jan 1 130,578 9,422 t December 31, 201 les Discount on Bonds Payable Bonds Payable To issue bonds at a discount 140,000 Print Done ilities ayablo discount on bonds payable omework - HW Ch 9 Google Chrome thal.com/Student/PlayerHomework.aspx?homeworkid 5904264958 questionid=10&flushed false&cid=6402429¢erwin=yes T2300 Huston - Financial Accounting Spring 2021 Online Connor Thornhill & mework: HW Ch 9 and yes e: 0.11 of 1 pt 10 of 10 (6 complete HW Score: 49.1 T19-1 (similar to) Que ose Superfast Airlines issued $140,000 of 14%, five-year bonds when the At Decomber 31, 2018, Superfast's bond accounts appear as Ketin rate is 15% The market price Click the icon to view the accounts) bonds drops, and Southwest receives $130,578 when the bonds are issued transaction was recorder (Click the icon to view the Journal entries -X erfast's journal entries to count in the first year follo Click the icon to view the Journal Entry Date on by completing the inco Accounts and Explanation Debit Credit 2018 Interest Expense 10.446 come Statement for 2018 Jul 1 Discount on Bonds Payable 846 Cash 9,800 ow complete the balances To pay seminal interest and more band discount alance sheet at Decembe Dec 31 Interest Expenso 10 498 Comuna Discount on Bonds Payable 699 Interest Payable 0,300 Long term limites To accrue somiannual interest and more bond discount Bonds payable Les Oiscount on Done Print Choose from any list or enter any number in the input fields and then click Check Answer All parts showing Clear Check Answe O T2300 Huston - Financial Accounting Spring 2021 Online Connor Thornhill mework: HW Ch 9 10 of 10 (6 complete) e: 0.11 of 1 pt T19-1 (similar to) HW Scor At December 31, 2018, Superfast's bond accounts app (Click the icon to view the accounts ) pose Superfast Airlines issued $140,000 of 14%, five-year bonds when the ket interest rate is 16% The market price he bonds drops, and Southwest receives $130,578 when the bonds are issued transaction was recorded as follows (Click the icon to view the transaction) perfast's journal entries to record in count in the first year follows Click the icon to view the journal Accounts What would Superfast Airlines' 2018 income statementa shoot report for these bonds? egin by completing the income state Bonds Payable 140.000 Discount on Bonds Payable 9.422 6-16 698 ncome Statement for 2018 Interest expense How complete the balance sheet at Balance Sheet at December 31, 201 Currentibtis Bal 5,078 Bond carrying amount $131 922 = $140,000 - $8,078 Print Done Long bombities Bonds payable Less Dn.count on boods payable Choose from any list or enter any number in the input fields and then click Check Answer All parts showing Clear An Check Ans O Score: 0.11 of 1 pt 10 of 10 (6 complete) % T19-1 (similar to) At December 31 i (Click the ice Suppose Superfast Airlines issued $140,000 of 14%, five-year bonds when the market interest rate is 16%. The market price of the bonds drops, and Southwest receives $130,578 when the bonds are issued The transaction was recorded as follows: (Click the icon to view the transaction) Superfast's journal entries to record interest expense and amortize the bond discount in the first year follows: (Click the icon to view the journal entries) What would Supe sheet report for th Begin by completing the income statement for 2018 Income Statement for 2018 Interest expense $ 20,944 Now complete the balance sheet at December 31, 2018 Balance Sheet at December 31, 2018 Current liabilities: Long-term liabilities: Bonds payable Less: Discount on bonds payable W Ch 9 - Google Chrome udent/Player Homework.aspx?homeworkld=590426495&questionid=10&flushed=false&cid=64024298.centerwin=y ton - Financial Accounting Spring 2021 Online Connor Thornhill Ork: HW Ch 9 pt 10 of 10 (6 complete) HW Score: 49 milar to) At December 31, 2018, Superfast's bond accounts appear a (Click the icon to view the accounts:) st Airlines issued $140,000 of 14%, five-year bonds when the e is 16%. The market price s, and Southwest receives $130,578 when the bonds are issued. as recorded as follows to view the transaction.) 1 entries to record in one t year follows: to view the journal 0 Transaction What would Superfast Airlines 2018 income statement and y sheet report for these bonds? andmed had - X ng the income state nt for 2018 Journal Entry Accounts and Explanation ise Date Debit Credit 2018 Cash balance sheet at D Jan 1 130,578 9,422 t December 31, 201 les Discount on Bonds Payable Bonds Payable To issue bonds at a discount 140,000 Print Done ilities ayablo discount on bonds payable omework - HW Ch 9 Google Chrome thal.com/Student/PlayerHomework.aspx?homeworkid 5904264958 questionid=10&flushed false&cid=6402429¢erwin=yes T2300 Huston - Financial Accounting Spring 2021 Online Connor Thornhill & mework: HW Ch 9 and yes e: 0.11 of 1 pt 10 of 10 (6 complete HW Score: 49.1 T19-1 (similar to) Que ose Superfast Airlines issued $140,000 of 14%, five-year bonds when the At Decomber 31, 2018, Superfast's bond accounts appear as Ketin rate is 15% The market price Click the icon to view the accounts) bonds drops, and Southwest receives $130,578 when the bonds are issued transaction was recorder (Click the icon to view the Journal entries -X erfast's journal entries to count in the first year follo Click the icon to view the Journal Entry Date on by completing the inco Accounts and Explanation Debit Credit 2018 Interest Expense 10.446 come Statement for 2018 Jul 1 Discount on Bonds Payable 846 Cash 9,800 ow complete the balances To pay seminal interest and more band discount alance sheet at Decembe Dec 31 Interest Expenso 10 498 Comuna Discount on Bonds Payable 699 Interest Payable 0,300 Long term limites To accrue somiannual interest and more bond discount Bonds payable Les Oiscount on Done Print Choose from any list or enter any number in the input fields and then click Check Answer All parts showing Clear Check Answe O T2300 Huston - Financial Accounting Spring 2021 Online Connor Thornhill mework: HW Ch 9 10 of 10 (6 complete) e: 0.11 of 1 pt T19-1 (similar to) HW Scor At December 31, 2018, Superfast's bond accounts app (Click the icon to view the accounts ) pose Superfast Airlines issued $140,000 of 14%, five-year bonds when the ket interest rate is 16% The market price he bonds drops, and Southwest receives $130,578 when the bonds are issued transaction was recorded as follows (Click the icon to view the transaction) perfast's journal entries to record in count in the first year follows Click the icon to view the journal Accounts What would Superfast Airlines' 2018 income statementa shoot report for these bonds? egin by completing the income state Bonds Payable 140.000 Discount on Bonds Payable 9.422 6-16 698 ncome Statement for 2018 Interest expense How complete the balance sheet at Balance Sheet at December 31, 201 Currentibtis Bal 5,078 Bond carrying amount $131 922 = $140,000 - $8,078 Print Done Long bombities Bonds payable Less Dn.count on boods payable Choose from any list or enter any number in the input fields and then click Check Answer All parts showing Clear An Check Ans O