Posted: June 2nd, 2021

# P11-25a billy hamburgers and p11a-4a tvx

P11-25A

Save Time On Research and Writing
Hire a Pro to Write You a 100% Plagiarism-Free Paper.

Billy’ hamburgers issued 5%, 10-year bonds payable at 90 on December 31,2010. At December 31,2012 Billy reported the bonds payable as follows:

Long term debt:

Bonds payable… \$400,000

Save Time On Research and Writing
Hire a Pro to Write You a 100% Plagiarism-Free Paper.

Less:Discount….      \$32,000      \$   368,000

Billy uses the straigt line amortization method and pays semiannual interest each June 30 and December 31.

Requirements:

a. What is the maturity value of the bonds?

b. What is the carrying amount of the bonds at December 31, 2012?

c. What is the annual cash interest payment on the bonds?

d. How much interest expense should the company record each year?

2.  Record the June 30, 2013, semiannual interest payment and amortization of discount.

3.  What will be the carrying amount of the bonds at December 31, 2013.

P11A-4A

TVX issued \$800,000 of 5%, 10-year bonds payable at a price of 9.595 on March 31, 2012. The market interest rate at the date of issuance was 6%, and the date bonds pay interest seminannually.

Requirements

1.  How much cash did the company receive upon issuance of the bonds payable.

2.   Prepare an effective-interest amortization table for the bond discount through the first two interest payments. Use exhibit 11A-1 as a guide, and round amounts to the nearest dollar.

3.  Journalize the issuance of the bonds on March 30, 2012, and on September 30, 2012, payment of the first semiannual interest amount and amortization of the bond discount.  Explanations are not required.

### Expert paper writers are just a few clicks away

Place an order in 3 easy steps. Takes less than 5 mins.

## Calculate the price of your order

You will get a personal manager and a discount.
We'll send you the first draft for approval by at
Total price:
\$0.00
error: Content is protected !!
affordablepaperwritings.com
Hello!
You Can Now Place your Order through WhatsApp

Order your essay today and save 30% with the discount code DISCOUNTS2022