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

P11-25A

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

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.

Calculate the price
Pages (550 words)
\$0.00
*Price with a welcome 15% discount applied.
Pro tip: If you want to save more money and pay the lowest price, you need to set a more extended deadline.
We know how difficult it is to be a student these days. That's why our prices are one of the most affordable on the market, and there are no hidden fees.

Instead, we offer bonuses, discounts, and free services to make your experience outstanding.
How it works
Receive a 100% original paper that will pass Turnitin from a top essay writing service
step 1
Fill out the order form and provide paper details. You can even attach screenshots or add additional instructions later. If something is not clear or missing, the writer will contact you for clarification.
Pro service tips
How to get the most out of your experience with Australia Assessments
One writer throughout the entire course
If you like the writer, you can hire them again. Just copy & paste their ID on the order form ("Preferred Writer's ID" field). This way, your vocabulary will be uniform, and the writer will be aware of your needs.
The same paper from different writers
You can order essay or any other work from two different writers to choose the best one or give another version to a friend. This can be done through the add-on "Same paper from another writer."
Copy of sources used by the writer
Our college essay writers work with ScienceDirect and other databases. They can send you articles or materials used in PDF or through screenshots. Just tick the "Copy of sources" field on the order form.
Testimonials
See why 20k+ students have chosen us as their sole writing assistance provider
Check out the latest reviews and opinions submitted by real customers worldwide and make an informed decision.
Military
Good work.
Customer 456821, May 18th, 2022
Military
Excellent job
Customer 456821, October 5th, 2022
I received a mastery on this assignment!
Customer 463143, August 31st, 2022
English 101
Good response. Next time, properly capitalize headings in the requested style.
Customer 460641, March 30th, 2022
English 101
Thank You!
Customer 454425, June 21st, 2020
SEO
A job well done. Quite an improvement.
Customer 463679, March 30th, 2023
Good
Customer 453413, April 16th, 2020
Military
very good job
Customer 456821, June 15th, 2022
Great job!
Customer 462533, April 10th, 2022
Military
good work
Customer 456821, March 18th, 2022
English 101
Looks really good, thanks
Customer 454425, June 16th, 2020
Education
Thank you
Customer 463875, April 28th, 2023
11,595
Customer reviews in total
96%
Current satisfaction rate
3 pages
Average paper length
37%
Customers referred by a friend