Please explain how to calculate this to get an answer like the key above for number 130, 131, 132, 133, 134, 135, 136, 137, 138 and 139

Chapter : LONG-TERM LIABILITIES

130. On January 1, Jean Loptein Inc. issued $3,000,000, 9% bonds for $2,817,000. The market rate of interest for these bonds is 10%. Interest is payable annually on December 31. Jean Loptein uses the effective-interest method of amortizing bond discount. At the end of the first year, Jean Loptein should report unamortized bond discount of

131. On January 1, Cleopatra Corporation issued $2,000,000, 14%, 5-year bonds with interest payable on December 31. The bonds sold for $2,144,192. The market rate of interest for these bonds was 12%. On the first interest date, using the effective-interest method, the debit entry to Bond Interest Expense is for

132. On January 1, Hurley Corporation issues $1,000,000, 5-year, 12% bonds at 96 with interest payable on July 1 and January 1. The entry on December 31 to record accrued bond interest and the amortization of bond discount using the straight-line method will include a

133. On January 1, 2008, $1,000,000, 10-year, 10% bonds, were issued for $970,000. Interest is paid annually on January 1. If the issuing corporation uses the straight-line method to amortize discount on bonds payable, the monthly amortization amount is

134. A corporation issues $100,000, 10%, 5-year bonds on January 1, 2008, for $95,800. Interest is paid annually on January 1. If the corporation uses the straight-line method of amortization of bond discount, the amount of bond interest expense to be recognized in December 31, 2008s adjusting entry is

135. Roman Company issued $400,000 of 6%, 5-year bonds at 98, with interest paid annually. Assuming straight-line amortization, what is the total interest cost of the bonds?

136. Sunwood Company issued $500,000 of 6%, 5-year bonds at 98, with interest paid annually. Assuming straight-line amortization, what is the carrying value of the bonds after one year?

137. Terrance Company issued $200,000 of 8%, 5-year bonds at 106. Assuming straight-line amortization and annual interest payments, how much bond interest expense is recorded on the next interest date?

138. Garcia Company issued $800,000 of 8%, 5-year bonds at 106, with interest paid annually. Assuming straight-line amortization, what is the carrying value of the bonds after one year?

139. On January 1, 2008, $5,000,000, 5-year, 10% bonds, were issued for $4,850,000. Interest is paid semiannually on January 1 and July 1. If the issuing corporation uses the straight- line method to amortize discount on bonds payable, the monthly amortization amount is

*130. On January 1, Jean Loptein Inc. issued $3,000.000, 9% bonds for $2,817,000. The market rate of interest for these bonds is 10%. Interest is payable annually on December 31. Jean Loptein uses the effective interest method of amortizing bond discount. At the end of the first year, Jean Loptein should report unamortized bond discount of a. $164,700 b. $171,300. c. $154,830 d. $153,000 *131. On January 1, Cleopatra Corporation issued $2,000,000, 14%, 5-year bonds with interest payable on December 31. The bonds sold for $2.144.192. The market rate of interest for these bonds was 12%. On the first interest date, using the effective-interest method, the debit entry to Bond Interest Expense is for a. $240,000 b. $251,162 C. $257,304 d. $280,000 "132. On January 1, Hurley Corporation issues $1,000,000, 5-year, 12% bonds at 96 with interest payable on July 1 and January 1. The entry on December 31 to record accrued bond interest and the amortization of bond discount using the straight-line method will include a a. debit to Interest Expense, $60,000. b. debit to Interest Expense. $120,000 c. credit to Discount on Bonds Payable, $4,000. d. credit to Discount on Bonds Payable, $8,000. 133 On January 1, 2008. $1,000,000, 10-year, 10% bonds, were issued for $970,000. Interest is paid annually on January 1. If the issuing corporation uses the straight-line method to amortize discount on bonds payable, the monthly amortization amount is a. $9.700 b. $3,000. C. $808. d. $250 134. A corporation issues $100,000, 10%, 5-year bonds on January 1, 2008, for $95,800. Interest is paid annually on January 1. If the corporation uses the straight-line method of amortization of bond discount, the amount of bond interest expense to be recognized in December 31, 2008's adjusting entry is a $10,840 b. $10,000 c. $9,160 d. $840 135. Roman Company issued $400,000 of 6%, 5-year bonds at 98, with interest paid annually, Assuming straight-line amortization, what is the total interest cost the bonds? a. $120,000 b. $128,000 c. $112.000 d. $116.000 -136. Sunwood Company issued $500,000 of 6%, 5-year bonds at 98, with interest paid annually. Assuming straight-line amortization, what is the carrying value of the bonds after one year? a. $490,000 b. $491,000 c. $492,000 d. $494,000 "137. Terrance Company issued $200,000 of 8%, 5-year bonds at 106. Assuming straight-line amortization and annual interest payments, how much bond interest expense is recorded on the next interest date? a. $16,000 b. $18,400 c. $13,600 d. $2,400 *138. Garcia Company issued $800,000 of 8%, 5-year bonds at 106, with interest paid annually. Assuming straight-line amortization, what is the carrying value of the bonds after one year? a. $848,000 b. $843,200 c. $838,400 d. $852,800 *139. On January 1, 2008. $5,000,000,5-year, 10% bonds, were issued for $4,850,000. Interest is paid semiannually on January 1 and July 1. If the issuing corporation uses the straight-line method to amortize discount on bonds payable, the monthly amortization amount is a $29,040 b. $30,000 c. $2,420 d. $2,500