Hello;

I need help with the following problems:

09.05-07, B 13.06-08, and B16-08

Thanks

B-09.05 Part 1 Beckwith Boots invested $100,000 in 5-year bonds issued by Ace Brick Company. The bonds were purchased at par on January 1, 20X1, and bear interest at a rate of 8% per annum, payable semiannually. (a) Prepare the journal entry to record the initial investment on January, 20X1. (b) Prepare the journal entry that Beckwith would record on each interest date. (c) Prepare the journal entry that Beckwith would record at maturity of the bonds. (d) How much cash flowed "in" and "out" on this investment, and how does the difference compare to total interest income that was recognized? Part 2 Beckwith Boots invested $100,000 in 5-year bonds issued by Ace Brick Company. The bonds were purchased at 103, and bear interest at a stated rate of 8% per annum, payable semiannually. (a) (b) (c) (d) Part 3 Prepare the journal entry to record the initial investment on January, 20X1. Prepare the journal entry that Beckwith would record on each interest date. Prepare the journal entry that Beckwith would record at maturity of the bonds. How much cash flowed "in" and "out" on this investment, and how does the difference compare to total interest income that was recognized? Beckwith Boots invested $100,000 in 5-year bonds issued by Ace Brick Company. The bonds were purchased at 98, and bear interest at a stated rate of 8% per annum, payable semiannually. (a) (b) (c) (d) Prepare the journal entry to record the initial investment on January, 20X1. Prepare the journal entry that Beckwith would record on each interest date. Prepare the journal entry that Beckwith would record at maturity of the bonds. How much cash flowed "in" and "out" on this investment, and how does the difference compare to total interest income that was recognized? B-09.05 (d) Name: Date: B-09.05 Section: Part 1 Part 2 (a)(b)(c) (a)(b)(c) GENERAL JOURNAL Date Issue GENERAL JOURNA Accounts Investment in Bonds Debit 100,000 Cash Interest Cash Investment Bonds Date Issue 100,000 4,000 Interest Income Maturity Cash Credit Interest 4,000 Maturit y 100,000 100,000 (d) There was $40,000 of cash flow as that would be the interest recognized over (d) time. $103,000 flowed "o interest income Name: Date: B-09.05 Section: Part 3 )(b)(c) (a)(b)(c) GENERAL JOURNAL Accounts Investment in Bonds Cash GENERAL JOURNAL Debit Credit 103,000 Issue 103,000 Cash Investment in Bonds Interest Income Cash Investment in Bonds Date Accounts Investment in Bonds Cash Debit 98,000 Interest Cash Investment in Bonds Interest Income 100,000 100,000 $103,000 flowed "out" and $45,000 flowed "in" as (d) interest income Maturity Cash Investment in Bonds 100,000 Name: Date: Credit 98,000 100,000 Section: B-09.05 B-13.06 Part 1 Ace Brick company issued $100,000 of 5-year bonds. The bonds were issued at par on January 1, 20X1, and bear interest at a rate of 8% per annum, payable semiannually. (a) Prepare the journal entry to record the bond issue on January, 20X1. (b) Prepare the journal entry that Ace would record on each interest date. (c) Prepare the journal entry that Ace would record at maturity of the bonds. (d) How much cash flowed "in" and "out" on this bond issued, and how does the difference compare to total interest expense that was recognized? Part 2 Ace Brick company issued $100,000 of 5-year bonds. The bonds were issed at 103, and bear interest at a stated rate of 8% per annum, payable semiannually. The premium is amortized by the straight-line method. (a) (b) (c) (d) Prepare the journal entry to record the initial issue on January, 20X1. Prepare the journal entry that Horton would record on each interest date. Prepare the journal entry that Horton would record at maturity of the bonds. How much cash flowed "in" and "out" on this bond issue, and how does the difference Part 3 Ace Brick company issued $100,000 of 5-year bonds. The bonds were issued at 98, and bear interest at a stated rate of 8% per annum, payable semiannually. The discount is amortized by the straight-line method. (a) (b) (c) (d) Prepare the journal entry to record the initial issue on January, 20X1. Prepare the journal entry that Horton would record on each interest date. Prepare the journal entry that Horton would record at maturity of the bonds. How much cash flowed "in" and "out" on this bond issue, and how does the difference Name: Date: B-13.06 Section: Part 1 Part 2 (a)(b)(c) (a)(b)(c) GENERAL JOURNAL Date (d) GENERAL JOURNA Accounts Debit Credit Date Issue Issue Interest Interest Maturity Maturit y (d) Name: Date: B-13.06 Section: Part 3 )(b)(c) GENERAL JOURNAL Accoun ts (a)(b)(c) Debit GENERAL JOURNAL Accoun Date ts Issue Credit Interest Maturit y (d) Debit Credit B-16.08 Gainesville Corporation's income statement revealed sales of $700,000; gross profit of $300,000; selling and administrative costs of $140,000; and income taxes of $45,000. The selling and administrative expenses included $10,000 for depreciation. The company's operating activities generated positive cash flow of $129,000. Use the "indirect" approach to demonstrate how this amount was calculated. The following additional information is available: Beginning-ofPeriod Balance End-of-Period Balance $70,000 $82,000 Inventory 50,000 41,000 Accounts payable 37,000 44,000 Account receivable Name: Date: B-16.08 Section: Cash flows from operating activities: Net income $ - Add (deduct) noncash effects on operating income $ - Net cash provided by operating activities $ 129,000