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I can't seem to figure out the last section. thank you Tour answer is partially correct. port WindsorLtd. issued a $1.115,000, 10-year bond dated January
I can't seem to figure out the last section. thank you
Tour answer is partially correct. port WindsorLtd. issued a $1.115,000, 10-year bond dated January 1, 2020. The bond was sold to yield 12% effective interest. The bond paid 10% interest on January 1 and July 1 each year. The company's year-end was December 31. and Windsor followed IFRS. Using 1. factor Tables 2.a financial calculator, or 3. Excel function PV, calculate the amount received for the bond, and any discount or premium on the bond. Click here to view the factor table PRESENT VALUE OF 1. Click here to view the factor table PRESENT VALUE OF AN ANNUITY OF 1. (For calculation purposes, use 5 decimal places as displayed in the factor table provided and final answers to decimal places, eg. 5.275.) Proceeds from sale of bond $ 987110 Discount on bond $ 127890 Prepare the journal entries for above transactions. (Round answers to decimal places, eg. 5,275. Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry for the account tities and enter for the amounts.) Date Account Titles and Explanation Debit Credit January 1, 2020 Cash 987110 Bonds Payable OR X A Playex Flash x Q Flash X c Sean x C On FX C Pinax 03 Mail x GWind X 1 Momx + 0 m/courses/46133/assignments/5125582 281)-nipo YouTube Maps Marketplace O Vital Source - Leslie... $ M McGraw-Hill Connect CPA Manitoba (4WhatsApp C Chegg Crowdmark Prepare the journal entries for above transactions. (Round answers to O decimal places, e.g. 5,275. Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter for the amounts.) Date Account Titles and Explanation Debit Credit January 1, 2020 Cash 987110 Bonds Payable 987110 January 1, 2020 Interest Expense 59227 Bonds Payable 3477 Cash 55750 July 1, 2020 Interest Expense 59435 Bonds Payable 3685 Cash 55750 December 31, 2020 Interest Expense 59656 59656 Interest Payable e Textbook and Media List of A Previous Module 5:08 PM 20120-05-21 Booki... Films Exerc. Assig Tour answer is partially correct. port WindsorLtd. issued a $1.115,000, 10-year bond dated January 1, 2020. The bond was sold to yield 12% effective interest. The bond paid 10% interest on January 1 and July 1 each year. The company's year-end was December 31. and Windsor followed IFRS. Using 1. factor Tables 2.a financial calculator, or 3. Excel function PV, calculate the amount received for the bond, and any discount or premium on the bond. Click here to view the factor table PRESENT VALUE OF 1. Click here to view the factor table PRESENT VALUE OF AN ANNUITY OF 1. (For calculation purposes, use 5 decimal places as displayed in the factor table provided and final answers to decimal places, eg. 5.275.) Proceeds from sale of bond $ 987110 Discount on bond $ 127890 Prepare the journal entries for above transactions. (Round answers to decimal places, eg. 5,275. Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry for the account tities and enter for the amounts.) Date Account Titles and Explanation Debit Credit January 1, 2020 Cash 987110 Bonds Payable OR X A Playex Flash x Q Flash X c Sean x C On FX C Pinax 03 Mail x GWind X 1 Momx + 0 m/courses/46133/assignments/5125582 281)-nipo YouTube Maps Marketplace O Vital Source - Leslie... $ M McGraw-Hill Connect CPA Manitoba (4WhatsApp C Chegg Crowdmark Prepare the journal entries for above transactions. (Round answers to O decimal places, e.g. 5,275. Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter for the amounts.) Date Account Titles and Explanation Debit Credit January 1, 2020 Cash 987110 Bonds Payable 987110 January 1, 2020 Interest Expense 59227 Bonds Payable 3477 Cash 55750 July 1, 2020 Interest Expense 59435 Bonds Payable 3685 Cash 55750 December 31, 2020 Interest Expense 59656 59656 Interest Payable e Textbook and Media List of A Previous Module 5:08 PM 20120-05-21 Booki... Films Exerc. Assig
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