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I have provided everything Hambelton Ltd issued $3.800,000 of 5% bonds payable on 1 September 20X9 to yield 4%. Interest on the bonds is paid
I have provided everything
Hambelton Ltd issued $3.800,000 of 5% bonds payable on 1 September 20X9 to yield 4%. Interest on the bonds is paid semi-annually and is payable each 28 February and 31 August. The bonds were dated 1 March 20x8, and had an original term of five years. The accounting period ends on 31 December. The effective-interest method is used. (PV of $1. PVA of $1, and PVAD of $1.) (Use appropriate factor(s) from the tables provided.) Required: 1. Determine the price at which the bonds were issued. (Round time value factor to 5 decimal places. Do not round intermediate calculations. Round your final answer to the nearest whole dollar amount.) Price of Band 2. Prepare a bond amortization table for the life of the bond (Round time value factor to 5 decimal places. Do not round Intermediate calculations. Round your final answers to the nearest whole dollar amount. Leave no cells blank.be certain to enter "0" wherever required.) Dale Interest Internet Payment Amortization Unaportid Premium Nettond Liability Opening 1 2 3 4 5 8 3. Prepare journal entries to record the issuance of the bonds, payment of interest, and all necessary adjustments through to the end of 20X10. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field. Round your answers to the nearest whole dollar amount.) View transaction list Journal entry worksheet Record the payment of interest on bonds. erences Note: Enter debits before credits General Journal Debit Credit Date 28 February 20X10 Record entry Clear entry View general journal 4. Calculate the interest expense that would be recorded in each of 20x9 and 20X10. (Do not round intermediate Round your final answers to the nearest whole dollar amount.) 20x9 20X10 Interest expense 3.Prepare journal entries to record the issuance of the bonds, payment of interest, and all necessary adjustments through to the end of 20X10. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field. Round your answers to the nearest whole dollar amount.) View transaction list Journal entry worksheet 2 3 4 5 > Record the payment of interest on bonds. Note Enter debits before credits. Date General Journal Det Credit 31 August 2010 Record entry Clear entry View general joumal 4 Calculate the interest expense that would be recorded in each of 2009 and 20x10. (Do not round Intermediate calculations Round your final answers to the nearest whole dollar amount.) 20X10 View transaction list Journal entry worksheet 1 2 3 4 5 > Record the accrual of interest expense. Note: Enter debits before credits General Journal Debit Credit Date 31 December 20X10 Record entry Clear entry View general journal 4. Calculate the interest expense that would be recorded in each of 2009 and 20x10. (Do not round intermediate calculation Round your final answers to the nearest whole dollar amount.) 20x9 20X10 Interest expense 4. Calculate the interest expense that would be recorded in each of 20x9 and 20X10. (Do not round intermediate eniculations Round your final answers to the nearest whole dollar amount.) 2009 20x10 Interest expense 5 Show how the bond would be presented on the statement of financial position as of 31 December 2009 and 20X10 (Do not round intermediate calculations. Round your final answers to the nearest whole dollar amount.) TUAMBELTON LIMITED Statement of Financial Position Partial) As of 31 December 2009 20X10 Bondi payab Premium on bond payable $ Os Hambelton Ltd issued $3.800,000 of 5% bonds payable on 1 September 20X9 to yield 4%. Interest on the bonds is paid semi-annually and is payable each 28 February and 31 August. The bonds were dated 1 March 20x8, and had an original term of five years. The accounting period ends on 31 December. The effective-interest method is used. (PV of $1. PVA of $1, and PVAD of $1.) (Use appropriate factor(s) from the tables provided.) Required: 1. Determine the price at which the bonds were issued. (Round time value factor to 5 decimal places. Do not round intermediate calculations. Round your final answer to the nearest whole dollar amount.) Price of Band 2. Prepare a bond amortization table for the life of the bond (Round time value factor to 5 decimal places. Do not round Intermediate calculations. Round your final answers to the nearest whole dollar amount. Leave no cells blank.be certain to enter "0" wherever required.) Dale Interest Internet Payment Amortization Unaportid Premium Nettond Liability Opening 1 2 3 4 5 8 3. Prepare journal entries to record the issuance of the bonds, payment of interest, and all necessary adjustments through to the end of 20X10. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field. Round your answers to the nearest whole dollar amount.) View transaction list Journal entry worksheet Record the payment of interest on bonds. erences Note: Enter debits before credits General Journal Debit Credit Date 28 February 20X10 Record entry Clear entry View general journal 4. Calculate the interest expense that would be recorded in each of 20x9 and 20X10. (Do not round intermediate Round your final answers to the nearest whole dollar amount.) 20x9 20X10 Interest expense 3.Prepare journal entries to record the issuance of the bonds, payment of interest, and all necessary adjustments through to the end of 20X10. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field. Round your answers to the nearest whole dollar amount.) View transaction list Journal entry worksheet 2 3 4 5 > Record the payment of interest on bonds. Note Enter debits before credits. Date General Journal Det Credit 31 August 2010 Record entry Clear entry View general joumal 4 Calculate the interest expense that would be recorded in each of 2009 and 20x10. (Do not round Intermediate calculations Round your final answers to the nearest whole dollar amount.) 20X10 View transaction list Journal entry worksheet 1 2 3 4 5 > Record the accrual of interest expense. Note: Enter debits before credits General Journal Debit Credit Date 31 December 20X10 Record entry Clear entry View general journal 4. Calculate the interest expense that would be recorded in each of 2009 and 20x10. (Do not round intermediate calculation Round your final answers to the nearest whole dollar amount.) 20x9 20X10 Interest expense 4. Calculate the interest expense that would be recorded in each of 20x9 and 20X10. (Do not round intermediate eniculations Round your final answers to the nearest whole dollar amount.) 2009 20x10 Interest expense 5 Show how the bond would be presented on the statement of financial position as of 31 December 2009 and 20X10 (Do not round intermediate calculations. Round your final answers to the nearest whole dollar amount.) TUAMBELTON LIMITED Statement of Financial Position Partial) As of 31 December 2009 20X10 Bondi payab Premium on bond payable $ OsStep by Step Solution
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