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"Education is the most powerful weapon which you can use to change the world”
– Nelson Mandela

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Chapter 10 Weekly Discussion

Chapter 10 Weekly Discussion

Q Chapter 10 - Weekly Discussions 1. What is bond payable and where is it found on the issuer's financial statement? 2. What is the issue price of a $5,000 bond issued at 98 1/2? What is the issue price of a $5,000 bond issued at 102? RUBRIC: **5 points are awarded for a post that correctly and the answer with proper punctuation and grammar. This post is typically is a full paragraph with at least 5-8 sentences. **3 points are awarded for a post that is "mostly" correct and complete with proper punctuation and grammar. This post is typically close to a full paragraph with at least 3-5 sentences. **1 point is awarded for a post that is incorrect and/or incomplete. **0 points are awarded to those that do not answer the question

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Bonds payable is a liability account that contains the amount owed to bondholders by the issuer. This account typically appears within the long-term liabilities section of the balance sheet, since bonds typically mature in more than one year Issue price of a $5,000 bond issued at 98 1/2: issue price of the bond can be calculated like this The bond value for a is 5,000 and the percentage for b is 98.5% and the issue price a times b will be 4,925.