1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
irina1246 [14]
1 year ago
12

Hernandez Company issued $380,000, 7%, 10-year bonds on January 1, 2022, for $407,968. This price resulted in an effective-inter

est rate of 6% on the bonds. Interest is payable annually on January 1. Hernandez uses the effective-interest method to amortize bond premium or discount.
Mathematics
1 answer:
vlada-n [284]1 year ago
7 0

For calculation of the following entries, the bond interest expense will gotten by multiplying the carrying bond value by the market interest rate.

<em />

<em />

<h3>Journal entry to record issuance of the bonds</h3>

Date    Account titles                   Debit        Credit

Jan. 1.  Cash                                $407,968

                 Bonds payable                           $380,000

                 Premium on bonds payable      $27,968

                 ($407,968 - $380,000)

<h3>Journal entry to record accrual of interest and the premium amortization</h3>

Date      Account titles                          Debit      Credit

Dec. 31. Bond interest expense          $24,478

                    Premium bond payable                    $2,122

                    Bond interest payable                      $26,600

<h3>Journal entry to record payment of interest </h3>

Date    Account titles                   Debit        Credit

Jan. 1.  Bond interest payable     $26,600

           ($380000 * 7%)

                   Cash                                            $26,600

Missing words "<em>Prepare journal entries to record (a) The issuance of the bonds, (b) The accrual of interest and the premium amortization on December 31, 2022 and (c) The payment of interest on January 1, 2022"</em>

<em />

Read more about Bond issuance

<em>brainly.com/question/16048929</em>

#SPJ1

You might be interested in
The expression below is scientific notation for what number
Pie
0.000334 is the answer
8 0
3 years ago
Read 2 more answers
only 2/3 of the school districts kindergarten teachers are women. if 59 are men, how many kindergarten teachers in all are emplo
Oxana [17]

Answer:

177

Step-by-step explanation:

2/3 are women.

that means the remainder, 1/3, are men.

59 = 1/3 of all kindergarten teachers (3/3 = 1 representing the "whole").

so,

59×3 = 177

is the number of all kindergarten teachers employed by the school district.

4 0
2 years ago
Give the equation of the horizontal asymptote shown below.
Oxana [17]
Polynomial division yields

\dfrac{7x^2}{x^2+5}=7-\dfrac{35}{x^2+5}

As x\to\pm\infty, you have the remainder term approaching 0, so the horizontal asymptote is the line y=7.
4 0
3 years ago
Read 2 more answers
6 children and 2 adults are going to the circus. Children tickets are on sale,half price of adult tickets totaling $54. How much
Anon25 [30]

Answer:

Price of 1 adult ticket is <u>$10.8</u> and Price of 1 children ticket is <u>$5.4</u>.

Step-by-step explanation:

Given:

Number of adults = 2

Number of Children = 6

Total Amount of tickets sold = $54.

We need to find the price of one children's ticket and one adult ticket.

Solution:

Let the Cost of 1 adult ticket be 'x'.

Now Given:

Children tickets are on sale,half price of adult tickets.

Cost of 1 Children ticket = \frac{1}{2}x

Total Amount is equal to Number of adults multiplied by Cost of adult ticket plus Number of Children multiplied by Cost of Children ticket.

Framing in equation for we get;

2x+\frac{1}{2}x\times 6=54\\\\2x+3x=54\\\\5x=54\\\\x=\frac{54}{5} = \$10.8

Cost of 1 adult ticket = $10.8

Cost of 1 children ticket = \frac{x}{2}=\frac{10.8}{2} = \$5.4

Hence Price of 1 adult ticket is <u>$10.8</u> and Price of 1 children ticket is <u>$5.4</u>.

7 0
3 years ago
Help please!! <br> What is the domain of the function shown in the graph?
diamong [38]

Answer:

x ≥ - 1

Step-by-step explanation:

4 0
3 years ago
Other questions:
  • 12 yellow balls and 7 red balls are placed in an urn. two balls are then drawn in succession without replacement. what is the pr
    10·1 answer
  • the fuel for a chain saw is a mix of oil and gasoline. The label says to mix 6 ounces of oil with 16 gallons of gasoline. How mu
    6·2 answers
  • 20 point to the first one who get this right!!
    9·1 answer
  • How many roots does the polynomial function y=(x-8)(x+3)^2 have
    10·2 answers
  • How would you sketch out this question?? Jamie has a 15-foot aluminum ladder. She wants to place the ladder against the side of
    8·1 answer
  • 1. Point A(-5,8) is reflected across the line y = x. What are the coordinates of A'? Show your work and explain.
    13·1 answer
  • Help me please help me <br>​
    6·1 answer
  • .......<br> .......<br> .......<br><br> =5
    13·1 answer
  • Is 3,9,27,81 an arithmetic sequence
    7·1 answer
  • Help please with these questions
    5·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!