View insert Tools Data Window Excel File Edit AutoSave Home Insert Draw Help @ Page Layout Format . Formulas Review View Developer Data = 11 = A A = 29 Wrap Text Paste Calibri (Body) BIU L 4x fe 56 CD E Merge & Co A72 1 Unit 15 4 Bond prices depend on the market rate of interest, stated rate and time 6 Compute the price of the following SX bonds of Teledyne Inc. 95. $900,000 issued at 92 $500,000 issued at 104.5 $500,000 issued at 95.5 $200,000 issued at 100 $600,000 issued at 102 3/4 14 Exercise 1 15 Logan Inc issued a $1,600,000, 6% 10 year bond at 88 on January 1, 2018 17 1. Journalize the issuance of the bond on January 1, 2018. 18 2. Journalize the payment of semiannual interest on the bond on June 30, 2018 19 Include the amortization as part of the interest payment. 20 3. Journalize the repayment of the bond afer the final interest payment was made 21 GENERAL JOURNAL POST Date Account/Description REF. Debit c Nam Format Tools Data Window Help Excel File AutoSave Edit OFF View Insert s Home Insert Draw Page Layout Formulas Data Review View Developer Calibri (Body) ab Wrap Tes Paste BIU 3 Merge & A72. XV 56 35 Exercise E On 2016 June 30 (a semiannual interest payment date), Holiday Rollerblade Company redeemed all of its $ 500,000 face value of 10 per cent bonds outstanding by calling them at 104. The bonds were originally issued on 2006 June 30, at 88. At the time of the redemption the Discount on Bonds payable account had a $30,000 balance. Prepare the journal entry to record the redemption of the bonds on 2016 June 30. GENERAL JOURNAL POST Date Account/Description REF. Debit Credit HW Unit AutoSaver Insert Draw s Page Layout . Formulas Home Data Review View Developer Calibri (Body) BIU = = = 1 EEEE a Wrap Text Merge & Center aA General $ % 2 A72 1 x fc 56 51 Exercise Z Clear Water Corp. issued $100,000 of 7% 5 year convertible bonds on January 1, 2015. The bonds were issued at 104 and pay interest on June 30 and December 31 of each year. By December 31, 2018, the market price of the stock had increased, and the investors decided to convert the bonds into stock. Each $1,000 bond is convertable into 30 shares of the $2 par value common 52 stock. 54 Determine the balance of the Premium on the bonds and prepare the journal entry to record the conversion of the bonds. GENERAL JOURNAL POST REF. Date Account/Description Debit Credit DAN A72 x 5x56 Exercise ZZ On January 1, 2018, Warden decided to invest in the 15 year bonds of Lake Stevens. The bonds pay interest on June 30 and December 31 at 9% annually. The $150,000 of bonds were purchased at 97. Warden intends to hold the bonds until maturity 01. Journalize the purchase of the investment on January 1, 2018 2. Journalize the first interest payment on the investment on June 30, 2018 256 GENERAL JOURNAL POST REF. Date Account/Description Debit Credit Om