Business, 18.09.2019 18:20 MorallyGray

When patey pontoons issued 10% bonds on january 1, 2018, with a face amount of $720,000, the market yield for bonds of similar risk and maturity was 11%. 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: 3

Show answers

Other questions on the subject: Business

Business, 22.06.2019 07:00, ronnie7898

Amarket that consists of all possible consumers regardless of their specific needs or wants is a

Answers: 1

continue

Business, 22.06.2019 11:00, littlesami105

Which ranks these careers that employers are most likely to hire from the least to the greatest?

Answers: 2

continue

Business, 22.06.2019 13:50, tinasidell1972

The retained earnings account has a credit balance of $24,650 before closing entries are made. if total revenues for the period are $77,700, total expenses are $56,900, and dividends are $13,050, what is the ending balance in the retained earnings account after all closing entries are made?

Answers: 2

continue

Business, 22.06.2019 21:00, kalbaugh

An important source of public scrutiny is "watchdogs." these are: the efforts of a firm's competitors, including how often the competitors attack the firm's strategies. taxpayer-supported government agencies that limit a firm's ability to compete in foreign markets. companies designated by the government to only produce products that support the government defense program. socially conscious groups that make it their mission to measure the social responsibility levels of businesses, and provide consumers with their opinions about the level of corporate responsibility of various companies.

Answers: 2

continue

You know the right answer?

When patey pontoons issued 10% bonds on january 1, 2018, with a face amount of $720,000, the market...