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Jazz Hands Dance Theater Co. has the following information for its recent bond issuance. The issue price of the bond is $109,246, and the face
Jazz Hands Dance Theater Co. has the following information for its recent bond issuance. The issue price of the bond is $109,246, and the face value of the bond is $100,000. The coupon rate is 10%, and the market rate is 5%, with interest paid annually. What is the new carrying value after the first interest payment is recorded? (Round the final answer to the nearest dollar.) On May 1, 2017, Lamp Light, Co. bought a new piece of equipment for $750,000 with a salvage value of $50,000 and a useful life of 10 years. Straight-line depreciation is used. On December 31, 2020, Lamp Light decides to sell the equipment for $250,000. What are the impacts to Lamp Light's accounting equation for the sale of this equipment? If it increases put a + followed by the amount. If it decreases put a - followed by the amount. If there is no impact put +0. Round to the nearest dollar. Assets: Liabilities: Equity
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