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    23 views17 pages

    Ce Bonds Payable PDF

    Uploaded by

    Luna Meow

    Copyright:

    © All Rights Reserved
    Download as PDF or read online from Scribd
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    (c)Assuming thatthe bonds were issued o ed compute fr theta tres expose fr he yar 202 pra (120000 x os rHe2) 4900 Ink ( Goeoe 1 Se 0358) SetsK. Deke Vier ehefeme (2forfaox0 ofpofreat bf par ofofrorr rabufoa2 ok seid wooe Ge0e0 come Gece eco a ow TRIE GF, © sourzes DI (tes ok Srp Alt. asd 92394 72986 53004 cas xs] pa ebruary 1, 2020, NY, Ware Wazede. Acet — _c _ Reset, az Nasesd aso de 233q 00 Nsaias raase 147288) Is ueg Wares Wa sec. o08 E fea Baloree [370.000 — (Yess re the entries on February {and June 30, 2020 Dice. on 8 = Bescoo — M2382 AelsB gk oagnn ty Bug Wine 38 24 Be 3! lek Ex we Bie on BP Cosh we + arort xK Int PY fijrro Wek dep C4142 x Yo) Neer Int eid (eoreo rf) [eeco W2lihne ene Be % (See00 ~ 1425907 PY, 7/2020 Int feewed Peds 1423 8F. y Wes 313 1425907 Nasioy 2/ roam cad 26304 Disc n Be 298 lot ae be pe coe Gfrohrore IkErp Giga x¥%e) Csqa7 2 q ink ta Ceomeo 57) SED} tt cece it Iseeo lt 56) 59303 Dice on BF c Sash KE Aet_tae 77 Sig2%4 (2000 \K xp © 691323 Disc np 1324 Coch, Coes Wk EXP 4337 oe 82/4 eho Cho te taf, 59323 an Ce) eee : strate The ann ne (abPrepae al perinent ens, et ibecoe {by Assuming thatthe bonds were nSed on Mach 1, 2020, prepare te Caievon March 1 and December 3 Fro (Iso ceo c'O-9513) NAGY wy, ifaooe EMER fem an BP= weHETE (S09 Ink C WBecco 26 4eaqy F642 ’ see Pee (kid [ote fle CA ani Jj Sse (fifo |gocoeISFHEY EY —Iss2051 hfufror| eer —IsS20s Naas IS2AIS Cfyfem — \Bo000 ao \s0000D [s2925% ~ (00000 (€0000 ~ 2a ace, Yifrere cash, Wrens bors a ese 200 Pemendbe isa Bury Dee ah tok “= Prem on op JR - frmot Co mK UK RM Tfifre Bards Pay |s20000 G (St0000 Istisq2z ft Ik Bee (H5qK 72) 2623) ge wee lok Rajon (Ieomo x */ia)_ Seree r Cru SS gee feuds Prem an BP (70836 - (svoewe)) Foes ¥ifeere Wee Iat_Sxp, roe ScoS05 = FoRss G pi2ic pecs - — In bap (1eneeqc tn) ate lek Rotel Cizscoe « Ie/ta') (Soeee et Ip Exe mr lat frp Cpi2te + Feeee) lela — [arte Prem oy BP [ere [Rose Cosky Ans Problem 3 - Bond Retirement Prior to Maturity Date (@)Assume the Bonds in Not were retired on June 30,2 pa on the date of early retirement (retirement coincides with the iter CA, Gfofzrt — sqas “Uramerk_ Bist Ret Price leSocoo Ipeecoe x 0 ee SaRS ost on RE loess bs [ste000 donae lesee0 & chet 7 Nes ty fod Erp (aetsex Vo) Y0037 [Reeee et Ba Goeee xM/ey fooon | 887 PETA tops Gi. tofs/aer Dse on BP Pet ch Vramect Tse LA [sve000 — [Yor782 = 22238 Problem 4 - Bond Retirement Prior to Maturity Date- partial Aanane thg)PS te bonds ja Nad wer retired on October 12021, Theremin sie and intresto date J (How {e)How mich is the cary @, frofreat eet eS CA cfyofou Chae) 729563 a lok ep (Tee/a. x Fo) ISH aang EY vise on BP trite ot eit (oormr/e 3/4) [socel “Ut Cach CH, tei [rez (hal) 732802, 5) lek Bap Reb Fie OO Laces x SL ee = (as en Pt Bre | #29863 x ST, h + ie ome Gets. _ (ot < ai wed a “pkl ean Rap - — — &) cA, rafree, Fea Unamerk Base. Gyod = iver IER ~ om ae = BAW £ (05 ade50 = _Zseot New Brand Company isue its 10% P1000 bonds on January 1, 2020, These bonds will mature at an amount equivalent to PLO 1 the end ofeach yea Anna interest payments are made together with the principal. The effective interest ate was determined to Be oo (a)Hov mich was the amount received by the entity asa result SF The issuance? (©) Prepare all he pertinent journal entes. {o)How machi the current portion ofthe bonds payable on December 31, 20202 Date Rem Face lat Pay Prin Pay “Tetenl ym NO Vie pee Phiheee reco 0. BI renee» ov, fps feo eso © Hosen 8999211608 ‘sano lecoeco [ed OTNB IEO = jeoces eee Oo Ie | @) Jowcoo —10e00 OVAL GPO Payot Exp Prin, fa (poco? $72101- . tees | [dene 2 Se 7 beped sc tehifear [geoene § BIBOWYT 5, 1D She, t Rfi/as [220 c00 233 B04 oe (at qg2214 — (efu/yn} Woo ceo (its 7 ( o fleece - e228 facet fal Vikeoo Cash Fase on BP ‘Bonds, *% ey Dee (nt * J hem lence |e BA Figure: Opie on 8 we elk tid — (ok Bag mene PAL ym To ao gan Came) ANF °) 0 vo Corres A, te[syfrore Festell cet Rook NoneoreE BICS 364 Tow, ok yo 1 a ‘ehuhon Yield a 10% effective interest rate, Interest is payable Iy on June 30 and December 31. The company ‘adopts the fair value option in measuring is bonds payable. The fair value of the bois = determined as follows: December 3 St Pein ( Uscocce x 0.2) 18ESFEO 7 ad RE CREE TOSI) SEEDY Y/Y. ehifm eased, Fair Velves: tc tefl e260 22AIOT? \ evesl Gain (SOF tefphet — 2ye0eno 7 7 Real_Lors Senseo. Tos an vefiemet fifar 242200 Real Loss see sh Problem 7: On December 3 that wil yield C12 fair value option in me of bonds tive interest rate, The interest is pay is ond payable. The fa December 31, 2 December 31, 21 The bonds are retreat its fir value Sagcember 31, 30225, Tao Come e otris) wis Ink Ceceee x 2.4808) Heore Sie aloes [ie efrhee | (fr [rer (af [roe ] 2624226 2e24320 io win 2,350,000 2,000,000 (on interest payment date 0, New Hampshire Company issues a three-ye 2,500,000 face value bonds ata price 31, The firm adopts the value ofthe bonds i determined as Follows: lek Byin= seen el C= late WAN ehphero 234320 Bo. aie \t See cach Int Payn * treoooe Kt | ¢ Problem 8 - Compound Financial Instruments Convertible Bonds Miso Corton ste PLSWLOD of ons o Qtr 1. 2TNe GORE | ines oe p S.ycaranApril aid October L Whe the bonds were us weaCepitio (see Gondg sagt ino tad chore 10 stars of F100 aes year The accrued intrest on the (@)Prepare the journal enti (©) How much isthe 12/\/t022. Geooe / bees fal esa x 3h {Chassume further i the remaining bod ere etedon April, 2022at 102 anon hist the proving marks (low) on etyemene . 000 x 0.8723) 1234050 «(Whore Nyes10 Dn Wee IEDISES TPN /r Bonds, (@/ifrore MfaBe TT to ol : (pe Bod C)_Lilese = 330 bere S Cisveces «tes ERE A ce co iv (Raid) eel Ee Date int ead iat rat Gi en ee of Pere eg se Whiten 32341 12341 oe fords fo oo tifaeat oT 2 ! Mas REE LalferDwcmo eee ae ifan con 13 GOS 13 oF Nara Aveo —l¥ [soem (smo — 85414 Int Pay > roost | © Goooe Problem 8 - Compound Financial Instruments Convertible Bonds Mississippi Corporation issue PIS00,009 of bonds o€ Osober 1, ines tobe pad vice va ES AGH | wa ODihou the conversion pevlege. The corporation loess boo {500 bonds Guated @C1O9 The acer ° wersioeGvas paid in cash) Oreneethe : EELS The ling Markt rate nnually6n December 31 (©) How much isthe {Chasse rho tat he non isdat the peving make tc way witout converenprivioge, prepare te ates onthe df weremen andcampute fore a hin (eaTEBEny torte upg tk, Wfom Meee = 200 ¥ «, (@/ por ten int (ee etek Zieage | Y/Y ' sme — HBO Bonds (eB Sa proaads (jmocee x tos’) casee0 “* os = a Loe cow friv (Raton!) atte ° Date Ik td Uphbep Geact co Gt IsqzO09 fo/ifrove [446810 Bien te Shugo Fords fo ooo tliiaen| ove 928 12 3H 15a EARS eee eee mae a8 iB Beefs Gass aes? ses erat ARB 428 [90.00 12/\/t022. Geooe / bea fal ' Neate sy Cee esa A, 10/2021 32104 Ink xp (ax008 X Yo) 3683) Bor (ok (weve x Ye\__ Serco O , fi/rme wens BA Coone Bends (147842 x LP /ico0) _485N) Y Feel SPCR of com bands (BIT? x Pino) _ BEY Shas Coy 1 BLS be = bike fo is loee.c00 “See Fee oa “A BS 400 [> 2280 qa5 94) a de ise ee (qos cana [e008 cee x nl en emia he RA Ree G/L CA of Rem eels, ulifror CHEERY x 7°P/so0)) CHEBED 458E zsoles= PL SP-Ce of wean bends Creaige x $°/is00") GED He PAE om Jo 7 Deeds CRY) wat = Ssh ce Creidval) a2 Fein (Seocoe ¥ 06) 438ys0 2 as Tin Cememe x Se) 806 eff ne Yther — Berds Re eee Slee a0 iad G2 3815 ‘soos Beck Price (svocce 1027.) Siec0% sroene7s 7, SCT3PPI,000 face value, each with warrants abl annually every December 31 ich cal es, Its estimated = ose 10364 ond woul sel QB) The i035) sare exercised Bards Cr) Proceeds (smn (or7) Sze2000 > Weems Cresidval) 350G00 Proceeds Shee Wowects Ata Seve Cop rt 55) thee Fran Phthew (0 toed Pebranceg, Problem 10 Bond Refunding The records of Montana Corporation on Sanary 1, 2020 show te following accounts: Premium on bonds payable P_ 180,000 Bond issue cost 70,000 Acerued interest =< Bonds payable due January 2021 interest at 10% payable semi-annually on January 1 and July |

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