E9-15A – Bonds (Logistics)
Financial Accounting
Thomas, Tietz, and Harrison
12th Edition
Given the bonds payable, face value, and bonds issued – create the entries for the transactions.
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Given the bonds payable, face value, and bonds issued – create the entries for the transactions.
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Given the debenture bonds outstanding, the value, and what the bonds were issued at – find the cash received at bond issuance, cash paid back at maturity, annual interest total, and straight-line interest total.
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Given the information on the fleet of semi-trucks – determine the deferred tax liability and create the journal entry.
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What is the formula for amortizing bond discount under the effective-interest method?
What is the formula for calculating interest expense for each interest period under the effective-interest method of amortization?
In accounting, how is Premium on Bonds Payable classified and what is its normal balance?
Which account is debited when convertible notes payable are converted into common stock?
What are bonds called when they mature on a single date and when they mature on multiple dates?
What happens to the carrying value and interest expense of bonds issued at a discount when the effective-interest method is used over the life of the bonds?
When bonds are issued at a premium, what happens to the carrying value of the bonds and the interest expense over the life of the bonds?