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Name: Write your answer in the space provided or on a separate sheet of paper 1) Dolby, Inc. issued a S5000 face value, 10%five-year bond

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Name: Write your answer in the space provided or on a separate sheet of paper 1) Dolby, Inc. issued a S5000 face value, 10%five-year bond at 98, what will be the journal entries at the maturity of the bond? The bonds have semiannual interest, and the company uses the straight-line method of discount amortization. 2) On January 2, 2017, Chabot Sales issues $10,000 in bonds for $10,900. These are 5-year bonds with a stated rate of 4%, and pay semiannual interest. Chabot Sales uses the straight-line bond premium. Prepare the journal entry for the first interest payment on June 30, 2017 3) Supermart, Inc. completed the following treasury stock transactions in 2016: Mar. 3 Purchased 1,800 shares of the company's$ 3 par value common stock as treasury stock, paying cash of $ 10 per share. Mar. 17 Sold 400 shares of the treasury stock for cash of $ 12 per share. Mar. 25 Sold 600 shares of the treasury stock for cash of $7 per share. (Assume the balance in Paid-In Capital from Treasury Stock Transactions on March 24 is $ 1.200) s $ 3 par value common stock as treasury stock, paying Journalize these transactions. Explanations are not required How will Supermart, Inc. report treasury stock on its balance sheet as of December 31, 20167 4) Orange Office Supply Corporation completed the following stock issuance transactions ued 5,000 shares of $4 stated value common stock for cash of 520 per share Received merchandise inventory with a market value of $46,000 n exchange for 2,000 shares of the $4 stated value common Mar. 28 May 1 stock ssued 450 shares of 5%, $20 par value preferred stock for S50 day 14 per share Prepare the journal entries to record these transactions. Explanations are not required

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