Jurgenson Company issued bonds with a $100,000 face value on January 1, 2020 The five year term bonds were issued at 98 and had a 7 stated rate of interest that is payable in cash on December 31st of each year Jurgenson amortizes the bond discount using the straight line method Based on this information The total amount of liabilities shown on Jurgenson's December 31, 2020balance sheet would be a $10,800 b $98,000 c $98,400 d $99,200 On January 1, 2020, the Grove Corporation arranges a $3,000 line of credit with the Commerce Bank It accepted the bank's offer of 1 above the prime rate with interest payments due on the first business day of the following month Commerce's prime rate as of January 2020 is 4 Assuming Grove Corporation borrows $3,000 in January, what is the company's interest expense for the month of January related to this borrowing a $10 b $12 50 c $150 d $300 On January 1, 2020, The Hamilton Corporation issued $35,250 of 8 , 5 year bonds at 97 Hamilton uses the straight line method of bond discount amortization The interest payments are due on December 31 each year Based on the above, how much interest expense will Hamilton report on its income statement on December 31, 2020 a $3,032 b $212 c $2,820 d $1,058 A five year, $500,000 bond was issued on 1 1 20 The stated rate of interest was 10 , and the market rate of interest was 14 The interest is paid semiannually Which of the following statements is correct a This bond was issued at a premium, and the semiannual cash payment is $25,000 per period b This bond was issued at a discount, and the semiannual cash payment is $25,000 per period c This bond was issued at a discount, and the annual cash interest payment is $25,000 d This bond was issued at a premium, and the annual cash payment is $25,000 per period Wilson Company issued bonds with a face value of $200,000, a 10 stated rate of interest, and a 10 year term The bonds were issued on January 1, 2020, and Wilson uses the straight lineinterest method of amortization Interest is paid annually on December 31 The bonds were issued for $220,000 What is the cash payment for interest on December 31st a $10,000 b $20,000 c $18,000 d $22,000

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Jurgenson Company issued bonds with a $100,000 face value on January 1, 2020. The five-year term bonds were issued at 98 and had a 7%

Jurgenson Company issued bonds with a $100,000 face value on January 1, 2020. The five-year term bonds were issued at 98 and had a 7% stated rate of interest that is payable in cash on December 31st of each year. Jurgenson amortizes the bond discount using the straight-line method. Based on this information:

The total amount of liabilities shown on Jurgenson's December 31, 2020balance sheet would be:

a.$10,800.
b.$98,000
c.$98,400.
d.$99,200.

On January 1, 2020, the Grove Corporation arranges a $3,000 line of credit with the Commerce Bank. It accepted the bank's offer of 1% above the prime rate with interest payments due on the first business day of the following month.Commerce's prime rate as of January 2020 is 4%.Assuming Grove Corporation borrows $3,000 in January, what is the company's interest expense for the month of January related to this borrowing?

a.$10

b.$12.50

c.$150

d.$300

On January 1, 2020, The Hamilton Corporation issued $35,250 of 8%, 5-year bonds at 97. Hamilton uses the straight-line method of bond discount amortization. The interest payments are due on December 31 each year.

Based on the above, how much interest expense will Hamilton report on its income statement on December 31, 2020?

a.$3,032

b.$212

c.$2,820

d.$1,058

A five-year, $500,000 bond was issued on 1/1/20. The stated rate of interest was 10%, and the market rate of interest was 14%. The interest is paid semiannually. Which of the following statements is correct?

a.This bond was issued at a premium, and the semiannual cash payment is $25,000 per period.

b.This bond was issued at a discount, and the semiannual cash payment is $25,000 per period.

c.This bond was issued at a discount, and the annual cash interest payment is $25,000.

d.This bond was issued at a premium, and the annual cash payment is $25,000 per period.

Wilson Company issued bonds with a face value of $200,000, a 10% stated rate of interest, and a 10-year term. The bonds were issued on January 1, 2020, and Wilson uses the straight lineinterest method of amortization. Interest is paid annually on December 31.The bonds were issued for $220,000.

What is the cash payment for interest on December 31st?

a.$10,000

b.$20,000

c.$18,000

d.$22,000