jujurocks10
25.10.2019 •
Business
E-tech initiatives limited plans to issue $630,000, 10-year, 6.00 percent bonds. interest is payable annually on december 31. all of the bonds will be issued on january 1, 2019. show how the bonds would be reported on the january 2, 2019, balance sheet if they are issued at 103.
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Ответ:
Assuming that the par value of a bond is 100 and they are issued at 103 it means that they were sold at a premium. First we have to find the number of bonds
630,000/100=6300
Cash received = 6300*103=648,900
Premium = 648900-630000=18,900
Accounting Entry
Cash Debit Credit
648,900
Bonds/Debt 630,000
Premium 18,900
Explanation:
Ответ: