(SOLVED) Weel Soo purchases Canadian Utilities Inc

bonds as a long term

Weel Soo purchases Canadian Utilities Inc bonds as a long term Weel Soo purchases
Canadian Utilities Inc. bonds as a long-term investment. Suppose the face amount of the bonds
is $300,000 and the purchase price is 101.30. The bonds pay interest at the stated annual rate
of 8 percent. How […]

Lafayette Corp issues 1 500 000 of 20 year 8 percent bonds on Lafayette Corp. issues
$1,500,000 of 20-year, 8 percent bonds on February 1, 2017. The bonds sell at 102.00 and pay
interest on January 31 and July 31. Assume Lafayette Corp. amortizes the premium by the
straight-line method. […]

On April 1 Avalon Inc issued 20 year 3 5 percent bonds On April 1, Avalon Inc. issued 20-year,
3.5 percent bonds with a maturity value of $5,000,000. The bonds sell at 98.00 and pay interest
on September 30 and March 31. Avalon Inc. amortizes bond discounts by the straight-line […]

On February 1 Lasquiti Logistics Inc issues 20 year 3 percent On February 1, Lasquiti Logistics
Inc. issues 20-year, 3 percent bonds payable with a maturity value of $10,000,000. The bonds
sell at par and pay interest on January 31 and July 31. Record (a) The issuance of the bonds […]

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Sea Link Distributors Inc issues 2 000 000 of 6 percent semi annual 20 year Sea-Link
Distributors Inc. issues $2,000,000 of 6 percent, semi-annual, 20-year bonds dated April 30.
Record (a) The issuance of bonds at par on April 30 (b) The next semi-annual interest payment
on October 31. Sea […]

Seville Products Ltd reported the following at September 30 2017 Required 1 Seville Products
Ltd. reported the following at September 30, 2017: Required 1. Record the retirement of one-
half of the bonds on October 1, 2017, at the call price of 103.00. 2. Record the conversion of
one-fourth (of the […]

On January 2 2017 Omni Industries Inc issued 4 000 000 of On January 2, 2017, Omni
Industries Inc. issued $4,000,000 of 8.5 percent, 5-year bonds when the market interest rate
was 10 percent. Omni Industries pays interest annually on December 31. The issue price of the
bonds was $3,772,553. […]

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