Compute the cash payment, Financial Accounting

Heathrow issues $2,000,000 of 6%, 15-year bonds dated January 1, 2011, that pay interest semiannually on June 30 and December 31. The bonds are issued at a price of $2,447,990.

Required:

1. Prepare the January 1, 2011, journal entry to record the bonds' issuance.

 

2(a) For every semiannual period, compute the cash payment.

 

2(b) For every semiannual period, compute the the straight-line premium amortization.

 

Posted Date: 3/25/2013 1:38:52 AM | Location : United States







Related Discussions:- Compute the cash payment, Assignment Help, Ask Question on Compute the cash payment, Get Answer, Expert's Help, Compute the cash payment Discussions

Write discussion on Compute the cash payment
Your posts are moderated
Related Questions
Income Statement 2013 2012 2011 Vertical Anaylsis Vertical Anayl Horizontal Net revenue 5,075,390 4,763,180 4,158,507 year 1 year 2 Anaylsis Cost of goods 1,377,242 1,297,102 1,134

Calculating Present Value [LO2]  You have just received notification that you have won the $1 million first prize in the Centennial Lottery.  However, the prize will be awarded on


Ask question #what are the additional budens to the investor reuling from the mixed attribute model?


A 15-year, 14% semiannual coupon bond with a par value of $1,000 may be known as in 4 years at a call price of $1,075. The bond sells for $1,050. (Suppose that the bond has just be

Jensen Company has the following situation: Sales Price: $40 per unit Variable Cost Per Unit: $25 per unit Fixed Costs: $20,000 Units Sold: 4,000 Jensen is considering lowering the

XYZ Enterprises manufactures tires for the Formula One motor racing circuit. For August 2011, XYZ budgeted to manufacture and sell 3,000 tires at a variable cost of $74 per tire an

What is the function of balance sheet

Problem 1 (28 marks) Pre-Contribution Balance Sheets and Fair Values June 30, 20X9 (in thousands of $) Swag Co. Perk Ltd. Pre- Contribution Fair Value Pre- Contributi