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Presented below are four independent situations. (a) on March 1, 2018, Swifty Co, issued at 102 plus accrued interest $4,140,000, 8% bonds. The bonds are

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Presented below are four independent situations. (a) on March 1, 2018, Swifty Co, issued at 102 plus accrued interest $4,140,000, 8% bonds. The bonds are dated January 1, 2018, and pay interest semiannually on July 1 and January 1. In addition, Swifty Co. incurred $29,000 of bond issuance costs. Compute the net amount of cash received by Swifty Co, as a result of the issuance of these bonds. (Round present value factor calculations to 5 decimal places, e.. 1.25124 and final answers to o decimal places, e.g. 5,275.) Net amount of cash received (b) on January 1, 2017, Nash Co. Issued 8% bonds with a face value of $646,000 for $531,864 to yield 11%. The bonds are dated January 1, 2017, and pay interest annually What amount is reported for interest expense in 2017 related to these bonds, assuming that Nash used the effective interest method for amortizing bond premium and discount? (Round answer to o decimal places, e.g. 38,548.) Interest expense to be reported for 2017 (c) Crane Building Co. has a number of long-term bonds outstanding at December 31, 2017. These long-term bonds have the following sinking fund requirements and maturities for the next 6 years. Sinking Fund Maturities 2018 $307,000 $90.000 2019 90,000 252,000 2020 90,000 90.000 2021 2000 10:33 AM 2023 200,000 90,000 Indicate how above information should be reported in the financial statements at December 31, 2017. (Round answers to o decimal places, e.g. 38,548.) Maturities and sinking fund requirements 2018 2019 2020 2021 2022 Thereafter (d) In the long-term debt structure of Cheyenne Inc., the following three bonds were reported: mortgage bonds payable $10,038,000; collateral trust bonds $5,046,000; bu maturing in installments, secured by plant equipment $3.979,000. Determine the total amount, if any, of debenture bonds outstanding. Total amount

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