Answer Happy

On January 1, 2024, Waller Sales issued $22,000 in bonds for $14,300. These are eight-year bonds with a stated rate of 13%, and pay semiannual interest Waller Sales uses the straight-line method to amortize the bond discount. After the second interest payment on December 31, 2024, what is the bond carrying amount? (Round your intermediate answers to the nearest cent, and your final answer to the nearest dollar) A. $14,300 B. $22,000 C. $14.781 OD. $15,263 SCILE
On January 1, 2024, Perriello Company issued $400,000 of 4%, five-year bonds payable at 108 Perriello Company has extra cash and wishes to retire the bonds payable on January 1, 2025, immediately after making the second semiannual interest payment. To retire the bonds, Pernello pays the market price of 90 Read the requirements (Assume bonds payable are amortized using the straight-line amortization method.) Requirement 1. What is Porriello Company's carrying amount of the bonds payable on the retirement date? The carrying amount of the bonds payable on the retirement date is Requirement 2. How much cash must Perello Company pay to retire the bonds payable? To retire the bonds, Perriello Company must pay Requirement 3. Compute Pernelio Company's gain or loss on the retirement of the bonds payable (Use parentheses or a minus sign for losses) Perriello Company's gain or loss on the retirement of the bonds payable is