Reference no: EM132170131

Question - A company issued $4,900,000, 9-year, 12% bonds at a discount of $544,537. How much cash was received?

A company issued $3,600,000, 8-year, 9% bonds for $3,531,996 with interest payable semi-annually when the market rate was 10%. How many payments will the company make in the future to the bondholders?

On January 1, a company issued $703,000, 10-year, 9% bonds for $684,000 with interest payable semi-annually. What is the debit balance of Discount on Bonds Payable after 6 full years?

On January 1, a company issued $582,000, 10-year, 7% bonds for $560,000 with interest payable semi-annually. What is the carrying amount of the bonds after 5 full years of amortization?

Bonds Payable has a balance of $834,000 and Discount on Bonds Payable has a balance of $19,030. If the issuing corporation redeems the bonds at 97, what is the amount of gain or loss on redemption? Enter a loss as a negative amount.