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Mahalo Boat Adventure Inc. has a July 31 year-end. It showed the following partial amortization schedules regarding two bond issues: Bond Issue A (A) (B)

Mahalo Boat Adventure Inc. has a July 31 year-end. It showed the following partial amortization schedules regarding two bond issues: Bond Issue A (A) (B) Cash Period Period Ending Interest Paid $640,000 x 6.0% x 6/12 Interest Expense (C) (D) (E) 5.0% 6/12 Amort. Unamortized (A) - (B) Balance (E) Carrying Value $640,000 + (D) June 1/20 $45,931 $ 685,931 Dec. 1/20 $ 19,200 $ 17,148 $ 2,052 43,879 683,879 Dec. 1/26 19,200 16,441 2,759 14,867 654,867 June 1/27 19,200 16,372 2,828 12,039 652,039 Dec. 1/27 19,200 16,301 2,899 9,140 649,140 June 1/28 19,200 16,228 2,972 6,168 646,168 Dec. 1/28 19,200 16,154 3,046 3,122 643,122 June 1/29 19,200 16,078 3,122 0 640,000 Totals $ 345,600 $ 299,669 $45,931 *Adjusted for rounding (For all requirements, do not round intermediate calculations. Round the final answers to the nearest whole dollar.) f. Show how bond A would appear on the balance sheet under non-current liabilities at July 31, 2026. (Enter all amounts as positive values.) Balance Sheet (Partial) Non-current liabilities Bonds payable, 11.0%, due June 1, 2029 $ 640,000 Add: Premium on bonds payable $ 640,000 h. Independent of (a) through (g), assume bond A issues were retired on December 1, 2027, at 97. Record the entries 1 No Answer is not complete. Date General Journal Debit Credit December 01, 202 Bond interest expense Interest payable Premium on bonds payable Cash 2 December 01, 202 Bonds payable Premium on bonds payable Gain on retirement of bonds Cash 9,140x 2,899 X 19,200 640,000 9,140 28,340 620,800 Bond Issue B (A) Cash Interest (B) Period Paid Interest Expense $500,000.0 (E) 6.5% x (C) Amort. (D) Unamortized Period Ending 6.0% x 3/12 3/12 (A) - (B) Balance (E) Carrying Value $500,000 (D) Apr. 1/18 $18,278 $ 481,722 Jul. 1/18 : $ 7,500 $ 7,828 $ 328 17,950 482,050 Apr. 1/26 7,500 8,041 541 4,655 495,345 Jul. 1/26 7,500 8,049 549 4,106 495,894 Oct. 1/26 7,500 8,058 558 3,548 496,452 Jan. 1/27 7,500 8,067 567 2,981 497,019 Apr. 1/27 7,500 8,077 577 2,404 497,596 Jul. 1/27 7,500 8,086 586 1,818 498, 182 Oct. 1/27 7,500 8,095 595 1,223 498,777 Jan. 1/28 7,500 8,105 605 618 499,382 Apr. 1/28 7,500 8,118* 618 0 500,000 Totals $ 300,000 $ 318,278 $18,278 *Adjusted for rounding f. Show how bond B would appear on the balance sheet under non-current liabilities at July 31, 2026. Answer is not complete. Balance Sheet (Partial) Non-current liablities Bonds payable, 6.5%, due April 1, 2028 Less: Discount on bonds payable $ 500,000 g. Calculate the bond B interest expense that would appear on the income statement for the year ended July 31, 2027. Total bond interest expense h. Independent of (a) through (g), assume that bond B issues was retired on December 1, 2027, at 97. Record the entries. View transaction list Journal entry worksheet 1 2 Record the interest paid on bonds. Note: Enter debits before credits. Date General Journal Debit Credit December 01, 2027 Bond interest expense Cash Discount on bonds payable Dessed antru Cloak antus View aanavalianal > h. Independent of (a) through (g), assume that bond B issues was retired on December 1, 2027, at 97. Record the entries. View transaction list Journal entry worksheet 1 2 Record the retired bonds. Note: Enter debits before credits. Date December 01, 2027 General Journal Debit Credit Record entry Clear entry View general journal

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