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Inger Autoparts Inc. issued $180,000 of 6%, 10-year bonds at a price of 89 on January 31, 2020. The market interest rate at the date

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Inger Autoparts Inc. issued $180,000 of 6%, 10-year bonds at a price of 89 on January 31, 2020. The market interest rate at the date of issuance was 8%, and the standard bonds pay interest semiannually 1. Prepare an effective interest amortization table for the bonds through the first three interest payments. 2. Record Unger's issuance of the bonds on January 31, 2020, and payment of the first semi-annual interest amount and amortization of the bonds on July 31, 2020 Explanations are not required 1. Prepare an effective interest amortization table for the bonds through the first three interest payments (Round your answers to the nearest whole dollar) Unger Autoparts Amortization Table B. D E Semi-annual Interest Date Interest Payment (3% of Maturity Value) Interest Expense (4% of Preceding Bond Carrying Amount) Bond Discount Amortization ( BA) Bond Discount Bond Account Balance Carrying Amount Preceding D.) (5180,000 - Jan 31, 2020 July 31, 2020 Jan 31, 2021 July 31, 2021 2. Record Unger's issuance of the bonds on January 31, 2020 and payment of the first semi-annual interest amount and amortization of the bonds on July 31, 2020 (Record debits first, then credits. Explanations required.) Choose from any ist or enter any number in the input fields and then continue to the next question Unger Autoparts Inc. issued $180,000 of 6%, 10 year bands at a price of 89 on January 31, 2020 The market interest rate at the date of he was 8%, and the standard bond pay interent semi-asually 1. Prepare an effective interest amortization table for the bonds through the first three interest payments 2. Record Unger's issuance of the bands on January 31, 2020, and payment of the first semiannual interest amount and amortization of the bands on July 31, 2020 Explanations are not required Jan 31, 2021 July 31, 2021 2. Record Unger's ance of the bonds on January 31, 2020, and payment of the first semi-annual interest amount and amortization of the bonds on July 31, 2020 (Record debits first, then credits. Explanations are not required) Start by recording the issuance of bonds on January 31, 2020 Journal Entry Accounts Credit Jan 31 Now, record the payment of the first semi-annual interest amount and amortization of the bonds on July 31, 2020 Joumal Entry Choose from any list or enter any number in the input fields and then continue to the next question Unger Autoparts Inc. sed 5180.000 of 6%, 10 year bonds at a price of 89 on January 31, 2020. The market interest rate at the date of issuance was 8%, and the standard bonds pay interest semi-annually 1. Prepare an effective Interest amortization table for the bonds through the first three interest payments 2. Record Unger's ance of the bonds on January 31, 2020, and payment of the first semiannual interest amount and amortization of the bonds on July 31, 2020. Explanations are not required We www Journal Entry 2020 Accounts Debit Credit Jan 31 ow, record the payment of the first semi-annual interest amount and amortization of the bonds on May 31, 2020 Journal Entry Accounts 2020 Debit Credit July 31 ose from any list or enter any number in the input fields and then continue to the next

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