Business, 20.08.2020 06:01 Svetakotok
George's Hamburgers issued 5â%, â10-year bonds payable at 85 on Decemberâ 31, 2016. At Decemberâ 31, 2018, George reported the bonds payable asâ follows:
Long-term Liabilities:
Bonds Payable $300,000
Less: Discount on Bonds Payable 36,000 $264,000
George's pays semiannual interest each June 30 and December 31.â(Assume bonds payable are amortized using theâ straight-line amortizationâ method.)
Requirement 1. Answer the following questions about
George's bondsâ payable:
a. What is the maturity value of theâbonds?â
b. What is the carrying amount of the bonds at Decemberâ 31, 2018â?
c. What is the semiannual cash interest payment on theâ bonds?
â
d. How much interest expense should the company record eachâ year?
â
Requirement 2. Record the Juneâ 30, 2018â, semiannual interest payment and amortization of the discount.â(Record debitsâ first, then credits. Select the explanation on the last line of the journal entryâ table.)
Answers: 2
Business, 22.06.2019 07:00, aljalloh94
Ireally need with these questions.6. what level of job security do athletes and sports competitors have? why do you think this is? 22. do you think a musician has more job security than an athlete? explain.37. what is the difference between a public relations specialist and a marketing professional? 47. do you think gender inequalities still exist in the sports industry? explain.50. what are the advantages and disadvantages of labor unions? do you think labor unions are fair to employers? how might they be taken advantage of?
Answers: 1
George's Hamburgers issued 5â%, â10-year bonds payable at 85 on Decemberâ 31, 2016. At Decemberâ 31,...
History, 05.07.2019 11:00
Mathematics, 05.07.2019 11:00
Mathematics, 05.07.2019 11:00
Mathematics, 05.07.2019 11:00
Chemistry, 05.07.2019 11:00
History, 05.07.2019 11:00
Mathematics, 05.07.2019 11:00
Mathematics, 05.07.2019 11:00
Social Studies, 05.07.2019 11:00