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please make sure you work is readable and i can see the work to check my work! thank you in advance! Requirements 1. If the
please make sure you work is readable and i can see the work to check my work! thank you in advance!
Requirements 1. If the market interest rate is 8 percent when Roland Corp. issues its bonds, will the bonds be priced at par, at a premium, or at a discount? Explain. 2. If the market interest rate is 13 percent when Roland Corp. issues its bonds, will the bonds be priced at par, at a premium, or at a discount? Explain. 3. Assume that the issue price of the bonds is $618,000. Journalize the following bonds payable transactions (round amounts to the nearest dollar): Issuance of the bonds on February 1, 2018 b. Payment of interest and amortization of premium on July 31, 2018 Accrual of interest and amortization of premium on December 31, 2018 d. Payment of interest and amortization of premium on January 31, 2019 a. c. Asume that on Pray 1, 2016. Roland Competent 10 yem bonds payable wiatury 600.000. The bonds pay interest on wladwy 31. Round wir wing the signe metod. Roland's cal your and December 31 Road the tour Requirement 1.1 the market interest in a percent when Roland Corp. Hestebonds, will the beste priced as part aprium, o atacount? Dopo The 10 percent bonded when the nostres percent will be price They in this movestors will pay Requirement 2. a market terest rate is 13 pecoent when Roland Comes bonds will the bendste produto premuner county plan The 10 bonds ised when the rest is 15 percent we pred They are this means will be the Requirement 3. Asume that the price of the bonds is 300.000. Jomocech of the borde payable to rest any hey come on my om ways to the whole do Recorded Exclude plations from any youn) a. lance of the bonds on February 2018 Journal Entry Date Accounts Debi Credit Feb 2018 Payment of interest and amortization of premium on July 31, 2018 Journal Entry Date Accounts Jul 31, 2018 Debit Credit Auf Interest and amortization of premium on December 31, 2018 Journal Entry Accounts Date Debit Credit Dec 31, 2018 c. Accrual of interest and motion of premium on December 31, 2018 Journal Entry Date Accounts Debit Dec 31, 2018 Credit d. Payment of interest and amortization of premium on January 31, 2010 Journal Entry Date Accounts Debit Jan 31, 2019 Credit Requirements 1. If the market interest rate is 8 percent when Roland Corp. issues its bonds, will the bonds be priced at par, at a premium, or at a discount? Explain. 2. If the market interest rate is 13 percent when Roland Corp. issues its bonds, will the bonds be priced at par, at a premium, or at a discount? Explain. 3. Assume that the issue price of the bonds is $618,000. Journalize the following bonds payable transactions (round amounts to the nearest dollar): Issuance of the bonds on February 1, 2018 b. Payment of interest and amortization of premium on July 31, 2018 Accrual of interest and amortization of premium on December 31, 2018 d. Payment of interest and amortization of premium on January 31, 2019 a. c. Asume that on Pray 1, 2016. Roland Competent 10 yem bonds payable wiatury 600.000. The bonds pay interest on wladwy 31. Round wir wing the signe metod. Roland's cal your and December 31 Road the tour Requirement 1.1 the market interest in a percent when Roland Corp. Hestebonds, will the beste priced as part aprium, o atacount? Dopo The 10 percent bonded when the nostres percent will be price They in this movestors will pay Requirement 2. a market terest rate is 13 pecoent when Roland Comes bonds will the bendste produto premuner county plan The 10 bonds ised when the rest is 15 percent we pred They are this means will be the Requirement 3. Asume that the price of the bonds is 300.000. Jomocech of the borde payable to rest any hey come on my om ways to the whole do Recorded Exclude plations from any youn) a. lance of the bonds on February 2018 Journal Entry Date Accounts Debi Credit Feb 2018 Payment of interest and amortization of premium on July 31, 2018 Journal Entry Date Accounts Jul 31, 2018 Debit Credit Auf Interest and amortization of premium on December 31, 2018 Journal Entry Accounts Date Debit Credit Dec 31, 2018 c. Accrual of interest and motion of premium on December 31, 2018 Journal Entry Date Accounts Debit Dec 31, 2018 Credit d. Payment of interest and amortization of premium on January 31, 2010 Journal Entry Date Accounts Debit Jan 31, 2019 Credit Step by Step Solution
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