View Policies Show Attempt History Current Attempt in Progress In each of the following independent cases, the company closes its books on December 31. Use the effective interest method for discount and premium amortization. Amortize premium or discount on interest dates and at year end. Assume that no reversing entries were made. Click here to view the factor table PRESENT VALUE OF 1. Click here to view the factor table PRESENT VALUE OF AN ANNUITY OE 1 Your answer is partially correct. Ivanhoe Co sells $400,000 of 13% bonds on March 1, 2020. The bonds pay interest on September 1 and March 1. The due date of the bonds is September 1, 2023. The bonds yield 15%. Give entries through December 31, 2021 Construct an amortization table and prepare all of the relevant journal entries from the time of sale. (Hint: Refer to Chapter 3 for tips on calculating and use the calculations from the financial calculator for the journal entries.) (For calculation purposes, use 5 decimal places as displayed in the factor table provided and final answers to decimal places, eg. 5,275. Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry for the account titles and enter for the amounts. Record journal entries in the order presented in the problem.) Schedule of Bond Discount Amortization Effective-Interest Method Interest Discount Expense Amortized Cash Paid Carrying Amount of Bonds $ .com/ watment-player/indiaunchid=25dde-37a 4500 De acuestion Question 4 of 4 9.32/20 ini 3/1/20 Cash Bonds Payable 9/1/20 Interest Bands Payable Cast 12/30/20 interest Expense Werest Payable Bonds Pavle 3/1/21 Interested Interest Payable Bond Payable Cach 91/21 Interest Donds Pwable C - DELL 8 7 1 3 0 5 6 4 P 0 7 U R Y 9 G H J K 4 E 3/1/21 Interest Expense Interest Payable Bonds Payable Cash 9/1/21 Interest Expense Bonds Payable Cash 12/31/21 Interest Expense Interest Payable Bonds Payable e Textbook and Media View Policies Show Attempt History Current Attempt in Progress In each of the following independent cases, the company closes its books on December 31. Use the effective interest method for discount and premium amortization. Amortize premium or discount on interest dates and at year end. Assume that no reversing entries were made. Click here to view the factor table PRESENT VALUE OF 1. Click here to view the factor table PRESENT VALUE OF AN ANNUITY OE 1 Your answer is partially correct. Ivanhoe Co sells $400,000 of 13% bonds on March 1, 2020. The bonds pay interest on September 1 and March 1. The due date of the bonds is September 1, 2023. The bonds yield 15%. Give entries through December 31, 2021 Construct an amortization table and prepare all of the relevant journal entries from the time of sale. (Hint: Refer to Chapter 3 for tips on calculating and use the calculations from the financial calculator for the journal entries.) (For calculation purposes, use 5 decimal places as displayed in the factor table provided and final answers to decimal places, eg. 5,275. Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry for the account titles and enter for the amounts. Record journal entries in the order presented in the problem.) Schedule of Bond Discount Amortization Effective-Interest Method Interest Discount Expense Amortized Cash Paid Carrying Amount of Bonds $ .com/ watment-player/indiaunchid=25dde-37a 4500 De acuestion Question 4 of 4 9.32/20 ini 3/1/20 Cash Bonds Payable 9/1/20 Interest Bands Payable Cast 12/30/20 interest Expense Werest Payable Bonds Pavle 3/1/21 Interested Interest Payable Bond Payable Cach 91/21 Interest Donds Pwable C - DELL 8 7 1 3 0 5 6 4 P 0 7 U R Y 9 G H J K 4 E 3/1/21 Interest Expense Interest Payable Bonds Payable Cash 9/1/21 Interest Expense Bonds Payable Cash 12/31/21 Interest Expense Interest Payable Bonds Payable e Textbook and Media
