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Homework answers / question archive / Ster 11 Homework eBook Calculator Bond premium, entries for bonds payable transactions Journal Final Questions Instructions Campbell the produces and sells outdoor equipment

Ster 11 Homework eBook Calculator Bond premium, entries for bonds payable transactions Journal Final Questions Instructions Campbell the produces and sells outdoor equipment

Accounting

Ster 11 Homework eBook Calculator Bond premium, entries for bonds payable transactions Journal Final Questions Instructions Campbell the produces and sells outdoor equipment. On July 1, 2011, Campbell issued $11,300,000 of 10 year, 11% bonds at a market (otective interest rate of receiving cash 512.780,867. Interest on the bonds is payable semiannually on December 31 and June 30. The fiscal year of the company is the calendar year Required: 1. Journiso the entry to record the amount of cash proceeds from the issuance of the bonde on July 1, 2011 2. Joumat. the entries to record the following: The Britornar interest payment on December 31, 201, and the nortiration of the band premium. Using the straight-line method. Round to the part dollar) The internet payment on June 30, 202, and the amortization of the bond premium, using the straight-line method (Pound to the nearest 3. Deurme the total interest expense for 2011 4wwtw band proceeds wys be greater than the face amount of the bonds when the contract rate is greater than the market rate of interest 5 Compute the price of $12.789.867 received for the bonds by using the present value tables (Round to the nearest dolar) Refer to the Churt of Accounts for exact wording of accounts Preot Value Tables To present at tales are provided Prevent Value of S1 at Coropound interest Due in n Periods and Present Value of Ordinary Annuity of St per Period. Use them is directed in the Present Value StatCound Interest Due Inn Perless
apter 11 Homework eBook Calculator Present Value Tables Two procent value tables are provided Present Value of 51 at Compound Interest Du inn Periods and Present Value of Ordinary Annuity of St per Period Use them as directed in the problem requirements Periods Present Value of $1 at Compound Interest Due Inn Periods 4.0% 4.5% 5% 5.5% 6% 6.5% 0.96154 0.95694 095238 0.94787 0.94340 0.93897 7% 1 0.93458 2 0.92456 0.91573 0.90703 0.89845 0.89000 0.88166 0.87344 3 0.88900 0.87630 ??????? 0.85161 083962 0.82785 0.81630 4 0.85480 0.83858 0.82270 0.80722 0.79209 0.77732 0.76290 5 0.82193 0.80245 0.76513 0.74726 0.712519 0.78353 0.74822 0.72988 0.68533 5 0.76790 0.72525 0.70456 0.66834 0.79031 0.75992 2 0.73483 0.71068 0.68744 0.66506 0.62275 0.64351 0.80423 B 0.73059 0.70319 0.67684 0.65160 0.62741 0.58201 0.54393 0.70259 0.67290 0.84461 0.61763 0.59190 0.56735 10 0.67556 0.61391 0.58543 0.55839 0.53273 0.50835 11 0.64958 0.54393 0.61620 0.58968 0.58468 0.55491 0.52679 0.50021 0.47509 12 0.62460 0.55684 0.52598 0.49697 0.46968 0.44401 13 0.00057 0.56427 0.53032 0.49856 0.46884 0.41496 0.44102 0.41410 14 0.57748 0.53997 0.50507 0.47257 0.44230 0.38782 0.36245 0.56626 0.48102 0.44793 0.41727 0.38883 051672 0.45447 16 0.53391 0.46811 0.42458 0.39365 0.36510 0.33873 17 0.51337 0.47316 0.43630 0.40245 0.37138 0.34281 031657 18 0.49369 0.45280 0.41552 038147 0.35034 0.32189 029586 10 0.47484 0.43330 030573 0.36158 033051 0.30224 0.27651 My Work
20 0.45639 0.41464 0.37689 0.34273 0.31180 0.28380 0.25842 21 0.43883 0.39679 0.35894 0.32486 0.29416 0.26648 0.24151 22 0.42196 0.37970 0.34185 0.30793 0.27751 0.25021 0.22571 23 0.40573 0.36335 0.32557 0.29187 0.26180 0.23494 0.21095 24 0.39012 0.34770 0.31007 0.27666 0.24698 0.22060 0.19715 25 0.37512 0.33273 0.29530 0.26223 0.23300 0.20714 0.18425 28 0.36069 0.31840 0.28124 0.24856 0.21981 0.19450 0.17220 27 0.34682 0.30469 0.26785 0.23560 0.20737 0.18263 0.16093 28 0.33348 0.29157 0.25509 0.22332 0.19563 0.17148 0.15040 29 0.32065 0.27902 0.24295 0.21168 0.18456 0.16101 0.14056 30 0.30832 0.26700 0.23138 0.20064 0.17411 0.15119 0.13137 31 0.29646 0.25550 0.22036 0.19018 0.16425 0.14196 0.12277 32 0.28506 0.24450 0.20987 0.18027 0.15496 0.13329 0.11474 33 0.27409 0.23397 0.19987 0.17087 0.14619 0.12516 0.10723 34 0.26355 0.22390 0.19035 0.16196 0.13791 0.11752 0.10022 35 0.25342 0.21425 0.18129 0.15352 0.13011 0.11035 0.09366 40 0.20829 0.17193 0.14205 0.11746 0.09722 0.08054 0.06678 45 0.17120 0.13796 0.11130 0.08988 0.07265 0.05879 0.04761 50 0.14071 0.11071 0.08720 0.06877 0.05429 0.04291 0.03395 Present Value of Ordinary Annuity of $1 per Period 4.5% 5% 5.5% 6% Periods 4.0% 6.5% 7% 1 0.96154 0.95694 0.95238 0.94787 0.94340 0.93897 0.93458 2. 1.88609 1.87267 1.65941 1.84632 1.83339 1.82063 1.80802 3 2.77509 2.74896 2.72325 2.69793 2.67301 2.64848 2.62432
Present Value of Ordinary Annuity of $1 per Period 4.5% 5% 5.5% 6% Periods 4.0% 6.5% 7% 1 0.96154 0.95694 0.95238 0.94787 0.94340 0.93897 0.93458 2 1.88609 1.87267 1.85941 1.84632 1.83339 1.82063 1.80802 3 2,77509 2.74896 2.72325 2.69793 2.67301 2.64848 2.62432 4 3.62990 3.58753 3.54595 3.50515 3.46511 3.42580 3.38721 5 4.45182 4.38998 4.32948 4.27028 4.21236 4.15568 4.10020 6 5.24214 5.15787 5.07569 4.99553 4.91732 4.84101 4.76654 7 6.00205 5.89270 5.78637 5.68297 5.58238 5.48452 5.38929 8 6.73274 6.59589 6.46321 6.33457 6.20979 6.08875 5.97130 9 7.43533 7.26879 7.10782 6.95220 6.80169 6.65610 6.51523 10 8.11090 7.91272 7.72173 7.53763 7.36009 7.18883 7.02358 11 8.76048 8.52892 8.30641 8.09254 7.88687 7.68904 7.49867 12 9.38507 9.11858 8.86325 8.61852 8.38384 8.15873 7.94269 13 9.98565 9.68285 9.39357 9.11708 8.85268 8.59974 8.35765 14 10.56312 10.22283 9.89864 9.58965 9.29498 9.01384 8.74547 15 11.11839 10.73955 10.37966 10.03758 9.71225 9.40267 9.10791 16 11.65230 11.23402 10.83777 10.46216 10.10590 9.76776 9.44665 17 12.16567 11.70719 11.27407 10.86461 10.47726 10.11058 9.76322 18 12.65930 12.15999 11.68959 11.24607 10.82760 10.43247 10.05909 19 13.13394 12.59329 12.08532 11.60765 11.15812 10.73471 10.33560 20 13.59033 13.00794 12.46221 11.95038 11.46992 11.01851 10.59401 21 14.02916 13.40472 12.82115 12.27524 11.76408 11.28498 10.83553 22 14.45112 13.78442 13.16300 12.58317 12.04158 11.53520 11.06124
13 E55930 12.15999 11.68969 11.24607 10.82760 10.43247 10.05909 19 1313394 12.59329 12.08532 11,60765 1115912 10.73471 10.38560 20 13.59033 13.00794 12.46221 11.95038 11.46992 11.0151 10.59401 21 14.02916 12.82115 1227524 11.76408 11.29499 13.40472 13.78442 10.83553 22 14.45112 13.16300 12.59317 12.04158 11.53520 11.06124 28 14.85684 14.14777 13.48957 12.87504 12.30338 11. T7014 11.27219 24 15.246966 14.49546 1379964 13.15170 12.55036 11.99074 11.4693 25 15.62208 14.82821 14.09394 13.41393 12.78336 12.19788 11.65358 26 15.9627 15.14661 14.37519 13.66250 13.00317 12.39237 11.82578 27 16.32959 15.45130 14.64303 13.89810 13.21053 12.57500 11.96671 26 1,66306 15.74297 14.89613 14.12142 13.40610 12.74649 12.13711 29 16.08371 16.0219 15.14107 14.33310 13.59072 12.90749 12.2767 30 17.29203 16.28669 15.37245 14.53375 13.764? 13.0666? 12.40904 31 17.56849 16.54439 15.59261 14.72393 13.92909 13.20063 12.53 181 32 17.87385 16.78699 15.90268 14.90420 14.06404 19.33393 12.64 656 33 18.14785 17.02286 16.00255 15.07507 14.23023 13.45909 12.FB379 34 16.41120 17.24676 16.19200 15.23703 14.38814 13.87061 12.9540] 35. 18.66481 17.06101 16.37419 15.39055 14.49625 13.69696 12.94767 40 19.7927 16.40 156 1715909 16.04812 15.04630 14.14583 13.33171 145 20.72004 19:15836 17 TT407 16.54773 15.45583 14.49023 13.60562 8 ?48218 19.76261 18.25503 16.963162 1578186 14.72452 19.80075
omework eBook 193 Accumulated Depreciation Store Equipment 194 Office Equipment 195 Accumulated Depreciation Office Equipment LIABILITIES 210 Accounts Payable 221 Salaries Payable 231 Sales Tax Payable 232 Interest Payable 241 Notes Payable 251 Bonds Payable Calculator 533 Repairs Expense 534 Selling Expenses 535 Rent Expense 536 Insurance Expense 537 Office Supplies Expense 538 Store Supplies Expense 541 Bad Debt Expense 561 Depreciation Expense-Store Equipment 562 Depreciation Expense-Office Equipment 590 Miscellaneous Expense 710 Interest Expense 711 Loss on Redemption of Bonds 252 Discount on Bonds Payable 253 Premium on Bonds Payable EQUITY 311 Common Stock 312 Paid-in Capital in Excess of Par-Common Stock 315 Treasury Stock 321 Preferred Stock 322 Pald-In Capital in Excess of Par-Preferred Stock 331 Paid-In Capital from Sale of Treasury Stock 340 Retained Earnings 351 Cash Dividends 352 Stock Dividends My Work
CHART OF ACCOUNTS Campbell Inc. General Ledger ASSETS REVENUE 110 Cash 410 Sales 111 Petty Cash 610 Interest Revenue 611 Gain on Redemption of Bonds 121 Accounts Receivable 122 Allowance for Doubtful Accounts 126 Interest Receivable 127 Notes Receivable 131 Merchandise Inventory 141 Office Supplies 142 Store Supplies 151 Prepaid Insurance 191 Land 192 Store Equipment 193 Accumulated Depreciation Store Equipment 194 Office Equipment 195 Accumulated Depreciation Office Equipment EXPENSES 510 Cost of Merchandise Sold 515 Credit Card Expense 516 Cash Short and Over 521 Sales Salaries Expense 522 Office Salaries Expense 531 Advertising Expense 532 Delivery Expense 533 Repairs Expense 534 Selling Expenses 535 Rent Expense 536 Insurance Expense 537 Office Supplies Expense 538 Store Supplies Expense 541 Bad Debt Expense 561 Depreciation Expense-Store Equipment LIABILITIES 210 Accounts Payable 221 Salaries Payable 231 Sales Tax Payable ck My Work
pter 11 Homework eBook Calculator Joumal 1. and 2. Journalize the entries to record the transactions. Refer to the Chart of Accounts for exact wording of accountitles. Round to the nearest dollar All transactions on this page must be entered (except for post ref(s)) before you will receive Check My Work feedback. PAGE 10 JOURNAL Score: 29/75 ACCOUNTING EQUATION DATE DESCRIPTION POST. REF DERIT CREDIT ASSETS LIABILITIES EQUITY 1 Cash Bonds Payable Dec 31 Interest Expense Cash Points All transactions on this page must be entered (except for post ref(s)) before you will receive Check My Work feedback. PAGE 11 JOURNAL Score: 14/37 ACCOUNTING EQUATION DATE DESCRIPTION POST. REF DERIT CREDIT ASSETS LIABILITIES OUT Jun. 50 interest Expense
otor 11 Homework eBook Calculator Cash 1 Points: 5.41/14 All transactions on this page must be entered (except for post ref(s)) before you will receive Check My Work feedback. PAGE 11 JOURNAL Score: 14/37 ACCOUNTING EQUATION DATE DESCRIPTION POST. REF DEBIT CREDIT ASSETS UABILITIES EQUITY Jun. 30 Interest Expense Cash Points: 265/7 Feedback Final Questions 3. Determine the total interest expense for 20Y1. Enter amount as a positive number. S Points Ww the bond proceeds always be greater than the face amount of the bonds when the contract rate is greater than the market rate of interest?
sapter 11 Homework eBook Calculator Final Questions 3. Determine the total interest expense for 20Y1. Enter amount as a positive numbers Points 071 4. Will the bond proceeds always be greater than the face amount of the bonds when the contract rate is greater than the market rate of interest? Yes No Points 011 5. Compute the price of 512,769,867 received for the bonds by using the present value tables. Pound to the nearest dollar Present value of the face amount S Presunt value of the semiannual interest payments Pnce received for the bonds $ Points 073 Foodock Check My Work signment Score: 90.34%

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