Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Question 14 3.75 pts On January 1, 2021, White Water Conservancy issues $480,000 of 6% bonds, due in 20 years, with interest payable semiannually on

image text in transcribed
image text in transcribed
Question 14 3.75 pts On January 1, 2021, White Water Conservancy issues $480,000 of 6% bonds, due in 20 years, with interest payable semiannually on June 30 and December 31 each year. Assuming the market interest rate on the issue date is 5%, the bonds will issue at $540,246. How much cash was paid to bondholders in 2021? O $13,484. O $13,506. O $ 800. o $14,400. O $26,990. Question 17 3.75 pts When a company issues 25,000 shares of $1 par value common stock for $10 per share, the journal entry for this issuance would include: O A debit to Cash for $225,000. O Adebit to Cash for $25,000. O A debit to Additional Paid-in Capital for $25,000. 0 Acredit to Additional Paid-in Capital for $225,000. O Acredit to Common Stock for $250,000. Question 18 3.75 pts

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access with AI-Powered Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Students also viewed these Accounting questions