{ "key_pair_value_system": true, "answer_rating_count": "", "question_feedback_html": { "html_star": "", "html_star_feedback": "" }, "answer_average_rating_value": "", "answer_date_js": "2024-06-28T04:38:28-04:00", "answer_date": "2024-06-28 04:38:28", "is_docs_available": null, "is_excel_available": null, "is_pdf_available": null, "count_file_available": 0, "main_page": "student_question_view", "question_id": "4239905", "url": "\/study-help\/questions\/review-pictures-on-may-1-2017-swifty-ltd-issued-a-4239905", "question_creation_date_js": "2024-06-28T04:38:28-04:00", "question_creation_date": "Jun 28, 2024 04:38 AM", "meta_title": "[Solved] Review pictures. On May 1, 2017, Swifty L | SolutionInn", "meta_description": "Answer of - Review pictures. On May 1, 2017, Swifty Ltd. issued a series of bonds in order to raise money for some upcoming projec | SolutionInn", "meta_keywords": "review,pictures,1,2017,swifty,ltd,issued,series,bonds,order,raise,money", "question_title_h1": "Review pictures. On May 1, 2017, Swifty Ltd. issued a series of bonds in order to raise money for some upcoming projects. The bonds had", "question_title": "Review pictures. On May 1, 2017, Swifty Ltd. issued a series of", "question_title_for_js_snippet": "Review pictures On May 1, 2017, Swifty Ltd issued a series of bonds in order to raise money for some upcoming projects The bonds had a face value of $5,380,000 and matured in 10 years Interest was payable at a face rate of 5 each April 30 and October 31 The bonds were issued to yield 5 5 Click here to view the factor table PRESENT VALUE OF 1 Click here to view the factor table PRESENT VALUE OF AN ANNUITY OF 1 Calculate the issue price of the bonds (For calculation purposes, use 5 decimal places as displayed in the factor table provided ) Issue Price $ Prepare a bond discount premium amortization table (Round answers to 0 decimal places, e g 5,275 )Calculate the issue price of the bonds (For calculation purposes, use 5 decimal places as displayed in the factor table provided ) Issue Price $ Prepare a bond discount premium amortization table (Round answers to O decimal places e g 5 275 ) Date Cash Paid Interest Expense Amortiz 1 May 2017 31 Oct 2017 $ $ 30 Apr 2018 31 Oct 2018 30 Apr 2019 31 Oct 2019 30 Apr 2020 31 Oct 2020 30 Apr 2021 31 Oct 2021 30 Apr 2022 31 Oct 2022 20 Apr 2023 31 Oct 2023 30 Apr 2024 31 Oct 2024 10 Apr 2025 31 Oct 2025 30 Apr 2024Prepare a journal entry to accrue interest to the date of the redemption and the journal entry to record the redemption of the bonds plus accrued interest on August 1, 2022 (Round answer to O decimal places, eg 5,275 Credit account titles are automatically indented when the amount is entered Do not indent manually ) Date Account Titles and Explanation Debit Credit Aug 1, 2022 (To record accrue interest) Aug 1, 2022 (To record redemption of bonds)", "question_description": "

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\"image\"image\"image<\/div><\/div><\/div> On May 1, 2017, Swifty Ltd. issued a series of bonds in order to raise money for some upcoming projects. The bonds had a face value of $5,380,000 and matured in 10 years. Interest was payable at a face rate of 5% each April 30 and October 31. The bonds were issued to yield 5.5%. Click here to view the factor table PRESENT VALUE OF 1. Click here to view the factor table PRESENT VALUE OF AN ANNUITY OF 1. Calculate the issue price of the bonds. (For calculation purposes, use 5 decimal places as displayed in the factor table provided.) Issue Price $ Prepare a bond discount\/premium amortization table. (Round answers to 0 decimal places, e.g. 5,275.)Calculate the issue price of the bonds. (For calculation purposes, use 5 decimal places as displayed in the factor table provided.) Issue Price $ Prepare a bond discount\/premium amortization table. (Round answers to O decimal places. e.g. 5.275.) Date Cash Paid Interest Expense Amortiz 1-May-2017 31-Oct-2017 $ $ 30-Apr-2018 31-Oct-2018 30-Apr-2019 31-Oct-2019 30-Apr-2020 31-Oct-2020 30-Apr-2021 31-Oct-2021 30-Apr-2022 31-Oct-2022 20-Apr-2023 31-Oct-2023 30-Apr-2024 31-Oct-2024 10-Apr-2025 31-Oct-2025 30-Apr-2024Prepare a journal entry to accrue interest to the date of the redemption and the journal entry to record the redemption of the bonds plus accrued interest on August 1, 2022. (Round answer to O decimal places, eg. 5,275. Credit account titles are automatically indented when the amount is entered. Do not indent manually.) Date Account Titles and Explanation Debit Credit Aug. 1, 2022 (To record accrue interest) Aug. 1, 2022 (To record redemption of bonds)", "transcribed_text": "", "related_book": { "title": "Income Tax Fundamentals 2013", "isbn": "1111972516, 978-1285586618, 1285586611, 978-1285613109, 978-1111972516", "edition": "31st Edition", "authors": "Gerald E. Whittenburg, Martha Altus Buller, Steven L Gill", "cover_image": "https:\/\/dsd5zvtm8ll6.cloudfront.net\/si.question.images\/book_images\/1124.jpg", "uri": "\/textbooks\/income-tax-fundamentals-2013-31st-edition-9781285586618", "see_more_uri": "" }, "free_related_book": { "isbn": "3662657015", "uri": "\/textbooks\/unlearn-pain-the-successful-techniques-and-exercises-of-psychological-pain-management-1st-edition-978-3662657010-263522", "name": "Unlearn Pain The Successful Techniques And Exercises Of Psychological Pain Management", "edition": "1st Edition" }, "question_posted": "2024-06-28 04:38:28", "see_more_questions_link": "\/study-help\/questions\/business-marketing-2022-June-08", "step_by_step_answer": "The Answer is in the image, click to view ...", "students_also_viewed": [ { "url": "\/jose-is-a-senior-auditor-in-charge-of-testing-controls", "description": "Jose is a senior auditor in charge of testing controls over financial reporting. 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