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Investment in debt securities at premium. On April 1, 2014, West Company purchased $400,000 of 6% bonds for $415,750 plus accrued interest as an available-for-sale security. Interest is paid on July 1 and January 1 and the bonds mature on July 1, 2019. A) Prepare the journal entry on April 1, 2014? B) The bonds are sold on November 1, 2015 at 103 plus accrued interest. Amortization was recorded when interest was received by the straight-line method (by months and round to the nearest dollar). Prepare all entries required to properly record the sale?
auto delivery company has a fleet of several delivery trucks. in the past auto delivery had followed the policy of
in a period of rising prices for a specific product does the fifo or lifo inventory costing method yield the higher
using the company nikon answer the following questionsa. in which geographical regions does the company operate?b. what
On January 1, 2014, Norma Smith and Grant Wood formed a computer sales and service company in Soapsville, Arkansas, by investing $90,000 cash. The new company, Arkansas Sales and Service, has the following transactions during January.
What is an example of a significant accounting estimate? What is the importance of these estimates? How do ethics play into the decision-making process? Which financial statements include significant accounting estimates?
Selected balances from a company's financial statements are shown below. Calculate the following (a) accounts receivable turnover (b) inventory turnover (c) days' sales uncollected
gore corporation has two divisions the business products division and the export products division. the business
a. eloise received 150000 in settlement of a sex discrimination case against her former employer.b. nell received 10000
What is the purpose of the "Accumulated Adjustments Account" (AAA)? What types of items increase it or decrease it?
Hamilton Tool and Die Company purchased $72,000 of equipment with an estimated service life of 4 years. The equipment will be worth $4,000 at the end of its life. The annual amount of depreciation on this equipment is:
On June 1, 2001, Janson Bottle Company sold $500,000 in long-term bonds for $428,800. The bonds will mature in 10 years and have a stated interest rate of 8% and a yield rate of 10% (use the 10%).
an end of the month 13114 inventory showed that 160 units were on hand. if the company uses lifo what is the value of
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