Two simple homework questions. Need done in a few hours. 3) The
,Two simple homework questions. Need done in a few hours.?,3)? The Whittier Company issues $100,000, 10% bonds at 104 on April 1, 2016.? The bonds are dated January 1, 2016 and mature?ten?years from that date.? Straight-line amortization is used.? Interest is paid annually each December 31.? Compute the bond carrying value as of December 31, 2022.,?,4)? At December 31, 2017, the following balances existed for Sweeney Corporation:,Bonds Payable:?$1,500,000, ,Premium on Bonds Payable:?$120,000, ,Interest Payable:?$37,000, ,Unamortized Bond Issue Costs:?$90,000,If 30% of the bonds are retired at 101 on January 1, 2018, what is the?gain on redemption?,?,SUBMISSION INSTRUCTIONS:,Prepare the answers in Excel on one worksheet tab within the file.? Enter your name, date, course number, semester and ?Homework Assignment 1? in the upper left corner of the spreadsheet, then upload here in Moodle.? Use only Excel; files other than Excel (e.g., Numbers for Mac) will?not?be accepted for grading.,
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