HCS 380 WileyPLUS Ex 10-8A, Ex 10-8B, Ex 10-10A, 11-2A, 11-7A Solved

HCS 380 WileyPLUS Ex 10-8A, Ex 10-8B, Ex 10-10A, 11-2A, 11-7A Solved HCS 380 WileyPLUS Ex 10-8A, Ex 10-8B, Ex 10-10A, 11-2A, 11-7A Solved This Tutorial contains Excel Sheet which can be used to solve All Wiley Problem for any numbers/values Complete the assigned exercises in WileyPLUS Excel Problem 10-8A Excel Problem 10-8B Excel Problem 10-10A Problem 11-2A Problem 11-7A P10-8A Prepare journal entries to record issuance of bonds, interest, straight-line amortization, and balance sheet presentation and balance sheet presentation Yung Corporation sold $2,000,000, 7%, 5 year bonds on January 1, 2014. The bonds were dated January 1, 2014, and pay interest on January 1. The company uses straight-line amortization on bond premiums or discounts. Instructions (a) Prepare all necessary journal entries to record the issuance of the bonds and bond interest expense for 2014, assuming the bond sold at 102. (b) Prepare journal entries as in part (a) assuming the bonds sold at 97. (c ) Show the balance sheet presentation for the bond issue at December 31, 2014, using (1) the 102 selling price, and then (2) the 97 selling price NOTE: Enter a number in cells requesting a value; enter either a number or a formula in cells with a “?” . P10-8B Prepare journal entries to record issuance of bonds, interest, straight-line amortization, and balance sheet presentation and balance sheet presentation Holmes Corporation sold $2,200,000, 8%, 5-year bonds on January 1, 2014. The bonds were dated January 1, 2014, and pay interest on January 1. Holmes Corporation uses the straight-line method to amortize bond premiums or discounts. Instructions (a) Prepare all necessary journal entries to record the issuance of the bonds and bond interest expense for 2014, assuming the bond sold at 102. (b) Prepare journal entries as in part (a) assuming g the bonds sold at 98. (c ) Show the balance sheet presentation for the bond issue at December 31, 2014, using (1) the 102 selling price, and then (2) the 98 selling price NOTE: Enter a number in cells requesting a value; enter either a number or a formula in cells with a “?” . P10-10A Prepare journal entries to record issuance of bonds, payment of interest, and amortization of bond discount using effective interest method. On January 1, 2014, Lock Corporation issued $1,800,000 face value, 5% 10 -year bonds at $1,667,518 This price resulted in an effective-interest rate of 6% on the bonds. Lock uses the effective-interest method to amortize bond premium or discount. The bonds pay annual interest January 1. Instructions: (Round all computations to the nearest dollar.) (a) Prepare the journal entry to record the issuance of the bonds on January 1, 2014.

Calculate the price
of
your order:

«VPNEW»

Basic features

On-demand options

Paper format

Guaranteed originality

Affordable prices

Best experts

Calculate the price of your order

Expert paper writers are just a few clicks away