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i need the answers of all boxes On March 1, 2020, Quinto Mining Inc. issued a $530,000,9%, three-year bond. Interest is payable semiannually beginning September
i need the answers of all boxes
On March 1, 2020, Quinto Mining Inc. issued a $530,000,9%, three-year bond. Interest is payable semiannually beginning September 1, 2020. Required: Part 1 a. Calculate the bond issue price assuming a market interest rate of 8% on the date of issue. (Do not round intermediate calculations. Round the final answer to nearest whole dollar.) Total issue price b. Using the effective interest method, prepare an amortization schedule. (Do not round intermediate calculations. Round the final answers to nearest whole dollar. Enter all the amounts as positive values.) Period Ending Cash Interest Period Interest Paid Expense Premium Amort. Unamortized Premium Carrying Value Mar. 1/20 Sept. 1/20 Mar. 1/21 Prey 1 of 5 DHE Next > b. Using the effective interest method, prepare an amortization schedule. (Do not round intermediate calculations. Round the final answers to nearest whole dollar. Enter all the amounts as positive values.) Premium Mar. 1/20 Sept 1/20 Mar. 1/21 Sept. 1/21 Mar. 1/22 Sept. 1122 Mar. 1/23 0 0 Totals $ 0 $ 0 $ 0 c. Record the entries for the issuance of the bond on March 1, the adjusting entry to accrue bond interest and related amortization on April 30, 2020, Quinto's year-end, and the payment of interest on September 1, 2020. (Do not round intermediate calculations. Round the final answers to nearest whole dollar.) View transaction list 1 Record the issuance of bond. 2 Record accrual of interest on bond. 3 Record payment of interest. Credit Note : = journal entry has been entered Record entry Clear entry View general journalStep by Step Solution
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