![j1theking18](/avatars/37736.jpg)
j1theking18
15.04.2021 •
Business
When Patey Pontoons issued 4% bonds on January 1, , with a face amount of $520,000, the market yield for bonds of similar risk and maturity was 5%. The bonds mature December 31, (4 years). Interest is paid semiannually on June 30 and December 31. (FV of $1, PV of $1, FVA of $1, PVA of $1, FVAD of $1 and PVAD of $1) (Use appropriate factor(s) from the tables provided.) Required: 1. Determine the price of the bonds at January 1, . 2. Prepare the journal entry to record their issuance by Patey on January 1, . 3. Prepare an amortization schedule that determines interest at the effective rate each period. 4. Prepare the journal entry to record interest on June 30, . 5. What is the amount related to the bonds that Patey will report in its balance sheet at December 31, ? 6. What is the amount related to the bonds that Patey will report in its income statement for the year ended December 31, ? (Ignore income taxes.) 7. Prepare the appropriate journal entries at maturity on December 31, .
Solved
Show answers
More tips
- C Computers and Internet How Do You Refill Cartridges?...
- F Family and Home How to Keep Your Home Warm: Tips and Tricks...
- D Dating, Love, Relationships Does a Person s Character Depend on the Color of Their Eyes?...
- O Other Childhood Fears: What Many of Us Experienced...
- H Health and Medicine Simple and Effective: How to Get Rid of Cracked Heels...
- O Other How to Choose the Best Answer to Your Question on The Grand Question ?...
- L Leisure and Entertainment History of International Women s Day: When Did the Celebration of March 8th Begin?...
- S Style and Beauty Intimate Haircut: The Reasons, Popularity, and Risks...
- A Art and Culture When Will Eurovision 2011 Take Place?...
- S Style and Beauty How to Choose the Perfect Hair Straightener?...
Answers on questions: Business
- B Business went to court this year and successfully defended its patent from infringement by a competitor. The cost of this defense should be charged to a. patents and amortized over the legal...
- H History Why motivated the french radicals to participate in the reign of terror? a.to win the war with austria b. to return king louis xiv to the throne c. to gain support for the revolution...
- M Mathematics What is the percent of change from 56 to 22? round to the nearest percent...
- H History Photograph taken at the mauthausen camp: a photograph shows a brick wall with two large and thick metal doors in the middle of it. large rolling metal trays are coming out of the...
- H History You will create a top five list of the most impactful changes to the african american population, with #1 causing the most change and #5 causing the least change. you will also explain...
- G Geography Which of the following descriptions is an example of cultural diffusion? a: a woman in china eats her meal using chopsticks b: a teenager in india attends attends a rap concert c:...
- B Business What is the purpose of ncua lending regulations? a. to educate consumers on their rights for fair credit reporting b. to educate the public on the compliance rules c. to educate credit...
- M Mathematics The perimeter of a rectangle is 54cm if the length is 2 more than a number and the width and is 5cm less than twice the same number what is the number...
- M Mathematics Part b, what is the probability that a randomly chosen red shirt will be small?...
- M Mathematics Which graph represents the solution for the system...
Ответ:
Consumer surplus measures the difference between what a consumer is willing and able to pay for a product and the price that he/she actually pays. Price changes can come about because of changes in the conditions of demand and supply. ... This leads to an increase in consumer surplus to a new area of AP2C.
Explanation:
ℎ