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On January 1 of this year, Kona Corporation sold bonds with a face value of $ 1 , 5 2 0 , 0 0 0
On January of this year, Kona Corporation sold bonds with a face value of $ and a coupon rate of percent. The bonds mature in four years and pay interest semiannually every June and December Kona uses the straightline amortization method and also uses a premium account. Assume an annual market rate of interest of percent. FV of $ PV of $ FVA of $ and PVA of $ Note: Use appropriate factors from the tables provided. Required: & Prepare the journal entry to record the issuance of the bonds and the interest payment on June of this year. If no entry is required for a transactionevent select No journal entry required" in the first account field. Round your intermediate calculations and final answers to whole dollars. What bonds payable amount will Kona report on its June balance sheet? HINT: Recall that the book value of a bond is the amount in the bonds payable account plus any premium or minus any discounts. Round your intermediate calculations and final answers to whole dollars. Enter all amounts as positive numbers even discounts! Complete this question by entering your answers in the tabs below.
On January of this year, Kona Corporation sold bonds with a face value of $ and a coupon rate of percent. The bonds mature in four years and pay interest semiannually every June and December Kona uses the straightline amortization method and also uses a premium account. Assume an annual market rate of interest of percent. FV of $ PV of $ FVA of $ and PVA of $
Note: Use appropriate factors from the tables provided.
Required:
& Prepare the journal entry to record the issuance of the bonds and the interest payment on June of this year. If no entry is required for a transactionevent select No journal entry required" in the first account field. Round your intermediate calculations and final answers to whole dollars.
What bonds payable amount will Kona report on its June balance sheet? HINT: Recall that the book value of a bond is the amount in the bonds payable account plus any premium or minus any discounts.
Round your intermediate calculations and final answers to whole dollars. Enter all amounts as positive numbers even discounts! Complete this question by entering your answers in the tabs below.
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