- تاريخ التسجيل
- 24 أبريل 2013
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- 3,924
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- 2012
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ابي سؤال رقم 2 وواحد ..
مايطلعون لي
Question1
Nada Companyissued 8%, 15 years bonds with a par value of $ 550,000. the current marketrate is 8%. The journal entry to record each semiannual interest payment is;
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a.
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Debit Bond Interest Expense $ 550,000; Credit Cash $ 550,000.
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b.
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Debit Bond Interest Expense $ 22,000; Credit Cash $ 22,000.
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c.
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No entry
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d.
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Debit Bond Interest Expense $ 660,000; Credit Interest payable $ 660,000.
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e.
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Debit Bond Interest Expense $ 44,000; Credit Cash $ 44,000.
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Question2
On January 1,Green Company issues bonds dated January 1 with a par value of $ 800,000. Thebonds mature in 5 years. The contract rate is 7%, and interest is paidsemiannually on June 30 and December 31.
The market rate is 8% and the bonds are sold for $ 767,586. The journal entryto record the issuance of the bond is:
The market rate is 8% and the bonds are sold for $ 767,586. The journal entryto record the issuance of the bond is:
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a.
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Debit Cash $ 767,586; debit Discount on Bonds Payable $ 34,414; Credit Bonds Payable $ 800,000.
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b.
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Debit Cash $ 800,000; debit Discount on Bonds Payable $ 32,414; credit Bonds Payable $ 832,414.
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c.
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Debit Bonds Payable $ 800,000; debit Interest Expense $ 32,414; Credit Cash $ 832,414.
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d.
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Debit Cash $ 767,586; Credit Bonds Payable $ 767,586.
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e.
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Debit Cash $ 767,586; debit Premium on Bonds Payable $ 32,414; Credit Bonds Payable $ 800,000.
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