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please answer all st SI Required Information Exercise 10-9 Straight-Line: Bond computations, amortization, and bond retirement LO P2, P4 The following information applies to the
please answer all st SI Required Information Exercise 10-9 Straight-Line: Bond computations, amortization, and bond retirement LO P2, P4 The following information applies to the questions displayed below On January 1 2018, Shay issues $700,000 of 10%, 15-year bonds at a price of 97%. Six years later, on January 1, 2024. Shay retires 20% of these bonds by buying them on the open market at 104. All interest is accounted for and paid through December 31, 2023, the day before the purchase. The straight line method is used to amortize any bond discount Exercise 10-9 Part 4 4. What is the carrying (book) value of the bonds and the carrying value of the 20% soon-to-be-retired bonds as of the close of business on December 31, 2023? Entire Group 700000 Retired 20% cos S Par value Romaining discount Carrying value $ 700.000 $ Parts of Required Information Exercise 10.9 Straight-Line: Bond computations, amortization, and bond retirement LO P2, P4 The following information applies to the questions displayed below! 017 On January 1 2018, Shay issues $700,000 of 10%, 15-year bonds at a price of 97%. Six years later, on January 1, 2024, Shay retires 20% of these bonds by buying them on the open market at 104%. All interest is accounted for and paid through December 31, 2023, the day before the purchase. The straight-line method is used to amortize any bond discount Skipped Exercise 10-9 Part 5 5. How much did the company pay on January 1, 2024, to purchase the bonds that it retired? Purchase price Required Information Exercise 10-9 Straight-Line: Bond computations, amortization, and bond retirement LO P2, P4 The following information applies to the questions displayed below) 017 points On January 1, 2018, Shay issues $700,000 of 10%, 15-year bonds at a price of 97%. Six years later, on January 1, 2024, Shay retires 20% of these bonds by buying them on the open market at 104%. All interest is accounted for and paid through December 31, 2023, the day before the purchase. The straight-line method is used to amortize any bond discount Skipped Exercise 10-9 Part 6 o Book 6. What is the amount of the recorded gain or loss from retiring the bonds? Required Information Exercise 10-9 Straight-Line: Bond computations, amortization, and bond retirement LO P2, P4 The following information applies to the questions displayed below) On January 1, 2018, Shay issues $700,000 of 10% 15 year bonds at a price of 97%. Six years later, on January 1 2024 Shay retires 20% of these bonds by buying them on the open market at 104. All interest is accounted for and paid through December 31, 2023, the day before the purchase. The straight line method is used to amortize any bond discount Exercise 10-9 Part 7 7. Prepare the journal entry to record the bond retirement at January 1, 2024 View transaction list Journal entry worksheet Record the retirement of 20% of the bonds before maturity on January 1, 2024 Note: Enter debts before credits Date General Journal Debit Credit Jan 01, 2024 Record entry Clear entry View general journal
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