1 answer

Check my work mode : This shows what is correct or incorrect for the work you...

Question:

Check my work mode : This shows what is correct or incorrect for the work you have completed so far. It does not indicate completion. Return to question 7 Required information [The following information applies to the questions displayed below Duval Co. issues four-year bonds with a $105,000 par value on January 1, 2017, at a price of $100,950. The annual contract 8 points rate is 7%, and interest is paid semiannually on June 30 and December 31. 1. Prepare an amortization table for these bonds. Use the straight-line method of interest amortization. Round your answers to the nearest dollar amount.) Answer is not complete. Semiannual Unamortized Period-End 101/2017 6/30/2017 12/31/2017 6/30/2018 12/31/2018 6/30/2019 12/31/2019 6/30/2020 12/31/2020 Carrying Discount Value 4,050 100,950 506

Check my work mode : This shows what is correct or incorrect for the work you have completed so far. It does not indicate completion. Return to question 7 Required information [The following information applies to the questions displayed below Duval Co. issues four-year bonds with a $105,000 par value on January 1, 2017, at a price of $100,950. The annual contract 8 points rate is 7%, and interest is paid semiannually on June 30 and December 31. 1. Prepare an amortization table for these bonds. Use the straight-line method of interest amortization. Round your answers to the nearest dollar amount.) Answer is not complete. Semiannual Unamortized Period-End 101/2017 6/30/2017 12/31/2017 6/30/2018 12/31/2018 6/30/2019 12/31/2019 6/30/2020 12/31/2020 Carrying Discount Value 4,050 100,950 506

Answers

Semi-annual

Unamortized

Carrying

Period-End

Discount

Value

01/01/2017

$       4,050

$   1,00,950

06/30/2017

$       3,544 *

$   1,01,456

12/31/2017

$       3,038 **

$   1,01,963

06/30/2018

$       2,531

$   1,02,469

12/31/2018

$       2,025

$   1,02,975

06/30/2019

$       1,519

$   1,03,481

12/31/2018

$       1,013

$   1,03,988

06/30/2020

$          506

$   1,04,494

12/31/2020

$              -   

$   1,05,000

*4050-506.25=3544

**3544-506.25=3038 and same is done with others.

Carrying value for every period increase by $506.25

The bond is issued at Discount so the carrying value will increase with every amortization.

Amortization per period= $4050/8= $506.25

.

Similar Solved Questions

1 answer
Review Question 15 In how many ways can a Math team of 6 students be chosen...
Review Question 15 In how many ways can a Math team of 6 students be chosen from a Math Club which consists of 13 seniors and 14 juniors if the team must consist of 4 seniors and 2 juniors? a) O17,160 b) 0511,225 c)182 d) 65,065 e)8,281 0 None of the above. Question 18 Given P(A) = 37, P(B) = 43 and...
1 answer
Please help Problem 2 (10 pts.) following circuit, please find the transfer function G(s)-Vo(sV(s). + Vo(t)-...
please help Problem 2 (10 pts.) following circuit, please find the transfer function G(s)-Vo(sV(s). + Vo(t)- 2 H 3 H 2...
1 answer
PLEASE USE DETAILS... In the last employee satisfaction survey, the CEO became aware of growing feelings...
PLEASE USE DETAILS... In the last employee satisfaction survey, the CEO became aware of growing feelings of mistrust between employees and managers. Hiring practices are also under scrutiny and criticism, because allegations of nepotism have been leveled at the company. For these reasons and othe...
1 answer
Predict the major product and show the mechanism. Please show work. Thank you! 1 mgar 2....
Predict the major product and show the mechanism. Please show work. Thank you! 1 mgar 2. H2O 1H +...
1 answer
Compute the Wronskian of yı(t)= e?' and yz(t)=e-37 -5e- -e- -5e- -61 -e-61
Compute the Wronskian of yı(t)= e?' and yz(t)=e-37 -5e- -e- -5e- -61 -e-61...
1 answer
I don't understand how they got the bond interest expense, premium on bond payable, and discount...
I don't understand how they got the bond interest expense, premium on bond payable, and discount on bond payable. Please explain the computations involved. Thanks Assumptions: a) interest and amortization are done by the straight-line method; b) interest is paid semiannually on June 30 and Decem...
1 answer
#2) Two charges, q,-2.5 μC and q2-3.0με, are placed at two corners of an equilateral triangle...
#2) Two charges, q,-2.5 μC and q2-3.0με, are placed at two corners of an equilateral triangle of side 1.1 m. Calculate the magnitude of the net electric field at the origin O due to the two charges qi and q. Coulomb's constant is 9.0 x 10° Nm2/c2 q-2.5 uC 1.1 m 42-3.0 uC 1.1 m ...
1 answer
Expalin how some begging and end of life deciions relatef to worldwide and culture
expalin how some begging and end of life deciions relatef to worldwide and culture...
1 answer
2. Dr. Harried is at work for another typical day. He is seeing 26 patients today....
2. Dr. Harried is at work for another typical day. He is seeing 26 patients today. A few years ago a typical day would have been 22 patients but the ris- ing costs of his practice including the electronic medical record system he has put in place and the benefits package for his employees have force...
1 answer
19. Use the AHºf information provided to calculate AHºrxn for the following: 10 pts AHºf (kJ/mol)...
19. Use the AHºf information provided to calculate AHºrxn for the following: 10 pts AHºf (kJ/mol) SO2Cl2(g) + 2 H20(1) ► 2 HC (g) + H2SO4(1) AH°rxn- ? SO2Cl2(g)-364 H20(1) HCl(g) -286 1(-364) + 2 (-286) -2 (-92) + 1 (-814) = -364-572 +184 - 814 -92 H2SO4(1)-814 A) -256 kJ B)...
1 answer
Barbituric acid (1) is the backbone for common central nervous system depressants with anesthetic anxiolytic, and...
Barbituric acid (1) is the backbone for common central nervous system depressants with anesthetic anxiolytic, and hypnotic properties. If the active allosteric pharmacophore is present as HA. calculate the a) pH and b) percentage of 2 in 10-M barbituric acid....
1 answer
Cost of Goods Manufactured and Sold Anglin Company, a manufacturing firm, has supplied the following information...
Cost of Goods Manufactured and Sold Anglin Company, a manufacturing firm, has supplied the following information from its accounting records for the last calendar year: Direct labor cost $496,550 Purchases of direct materials 375,520 Freight-in on materials 7,620 Factory supplies used 18,960 Factory...
1 answer
Conduct research related to business in your field of study and identify three emerging technologies that...
Conduct research related to business in your field of study and identify three emerging technologies that could be applied in some way within the business. In a word document, create a chart that summarizes the following information. When creating the chart, be sure to include a title and proper lab...
1 answer
How do you add #1 2/5 + 4 4/10#?
How do you add #1 2/5 + 4 4/10#?...
1 answer
In a sample of credit card holders the mean monthly value of credit card purchases was...
In a sample of credit card holders the mean monthly value of credit card purchases was $ 361 and the sample variance was 75 ($ squared). Assume that the population distribution is normal. Answer the following, rounding your answers to two decimal places where appropriate. (a) Suppose the sample resu...
1 answer
Hot rolling produces the desired thickness of low carbon steel. How are granular structure, strength and...
Hot rolling produces the desired thickness of low carbon steel. How are granular structure, strength and ductility affected?...