Business, 20.09.2019 19:10, devilrao6742

When patey pontoons issued 6% bonds on january 1, 2018, with a face amount of $600,000, the market yield for bonds of similar risk and maturity was 7%. the bonds mature december 31, 2021 (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, 2018. 2. prepare the journal entry to record their issuance by patey on january 1, 2018. 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, 2018. 5. what is the amount related to the bonds that patey will report in its balance sheet at december 31, 2018? 6. what is the amount related to the bonds that patey will report in its income statement for the year ended december 31, 2018? (ignore income taxes.) 7. prepare the appropriate journal entries at maturity on december 31, 2021.

Answers: 2

Show answers

Other questions on the subject: Business

Business, 22.06.2019 11:40, nelly88

If kroger had whole foods’ number of days’ sales in inventory, how much additional cash flow would have been generated from the smaller inventory relative to its actual average inventory position? round interim calculations to one decimal place and your final answer to the nearest million.

Answers: 2

continue

Business, 22.06.2019 22:30, GreenHerbz206

Suppose that each country completely specializes in the production of the good in which it has a comparative advantage, producing only that good. in this case, the country that produces jeans will produce million pairs per week, and the country that produces corn will produce million bushels per week.

Answers: 1

continue

Business, 22.06.2019 23:40, step35

When randy, a general manager of a national retailer, moved to a different store in his company that was having difficulty, he knew that sales were low and after talking to his employees, he found morale was also low. at first randy thought attitudes were poor due to low sales, but after working closely with employees, he realized that the poor attitudes were actually the cause of poor sales. randy was able to discover the cause of the problem by utilizing skills.

Answers: 2

continue

Business, 23.06.2019 10:50, saucybby

In the current period, forward co. started with the production of 21,000 units and completed 8,400 units, leaving 13,200 units in process that are 42% complete. if forward co. incurred production costs of $34,980, what was forward's cost per equivalent unit for the period? (note: round your answer to two decimal places.)

Answers: 3

continue

Do you know the correct answer?

When patey pontoons issued 6% bonds on january 1, 2018, with a face amount of $600,000, the market y...