Samuel and Darci are partners. The partnership capital for Samuel is $62,800 and that of Darci is $79,500. Josh is admitted as a new partner by investing $55,200 cash. Josh is given a 25% interest in return for his investment. The amount of the bonus to the old partners is a. $65,833 b. $5,825 c. $55,200 d. $0

2)Ramiro Company purchased 40% of the outstanding stock of Marco Company on January 1. Marco reported net income of $85,300 and declared dividends of $19,300 during the year. How much would Ramiro adjust its investment in Marco Company under the equity method? of $fill in the blank 2

3) Entries for Issuing Bonds and Amortizing Discount by Straight-Line Method On the first day of its fiscal year, Jacinto Company issued $12,300,000 of five-year, 4% bonds to finance its operations of producing and selling home improvement products. Interest is payable semiannually. The bonds were issued at a market (effective) interest rate of 6%, resulting in Jacinto Company receiving cash of $11,250,736. a. Journalize the entries to record the following: Issuance of the bonds. First semiannual interest payment. The bond discount amortization is combined with the semiannual interest payment. Second semiannual interest payment. The bond discount amortization is combined with the semiannual interest payment. If an amount box does not require an entry, leave it blank. Round your answers to the nearest dollar. 1. - Select - - Select - - Select - - Select - - Select - - Select - 2. - Select - - Select - - Select - - Select - - Select - - Select - 3. - Select - - Select - - Select - - Select - - Select - - Select - b. Determine the amount of the bond interest expense for the first year. Round your answer to the nearest dollar. $fill in the blank 5a1456002fcc001_1 c. Why was the company able to issue the bonds for only $11,250,736 rather than for the face amount of $12,300,000? The market rate of interest is the contract rate of interest.