week 3 problems

week 3 problems - A) Cash Premium BondsPayable Bondspayable

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A) Cash  $6,120,000.00  Premium  $120,000.00  Bonds Payable  $6,000,000.00  Bonds payable  $5,000,000.00  Loss on redemption of bonds  $300,000.00  Discount on bonds payable  $100,000.00  Cash  $5,200,000.00  B)  Page 684 states that companies can no longer report these gains/losses as extraordinary, so it should be reported un The disclosure would state the 300,000 loss on redemption is due to the call for redemption of the bonds issued at 9% The proceeds from the sale of bonds payable issued dec 18, 2007 due Dec 18, 2027 were used to purchase back th
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nder ordinary losses. % on January 2, 1993 at January 2, 2008.  e 9% bonds due Jan 2, 2018
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PRESENT VALUE I=10%, N=4, $0.683013 A) COMPUTER  $273,205.20  DISCOUNT ON NOTES PAYABLE  $126,794.80  NOTES PAYABLE  $400,000.00  B) DEPRECIATION EXPENSE  $44,641.04  ACCUMULATED DEPRECIATION  $44,641.04  INTEREST EXPENSE  $27,320.52 
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week 3 problems - A) Cash Premium BondsPayable Bondspayable

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