Journal entry to record the sale

Reference no: EM131027568

Ratzlaff Company issues €2 million, 10-year, 8% bonds at 97, with interest payable on July 1 and January 1.

Prepare the journal entry to record the sale of these bonds on January 1, 2014. (Credit account titles are automatically indented when the amount is entered. Do not indent manually.)

Assuming instead that the above bonds sold for 104, prepare the journal entry to record the sale of these bonds on January 1, 2014. (Credit account titles are automatically indented when the amount is entered. Do not indent manually.)

Reference no: EM131027568

Questions Cloud

Why did the renaissance start in italy : Why did the Renaissance start in Italy? Describe the role of the aristocratic courts of such powerful figures as the de Medicis and the papacy in engendering and sustaining this cultural revival.

Value of a two-month european : What should be the value of a two-month European call option with an exercise price of Rs 65? What is the value of a two-month European put option with an exercise price of Rs 65?

What effect did the korean conflict have on the cold war : What was the Marshall Plan - What effect did the Korean Conflict have on the Cold War? Why? How did these events also fuel McCarthyism?

How did federal art project assist artists during depression : How did the federal art project assist artists during the depression? Discuss by using a relevant example of an artist involved in this project and a piece of their work.

Journal entry to record the sale : Prepare the journal entry to record the sale of these bonds on January 1, 2014. (Credit account titles are automatically indented when the amount is entered. Do not indent manually.)

Write down all the factors of the 4th degree polynomial : by the process of algebraic division and then solving a quadratic equation, find the complex roots.

What were the key weaknesses of articles of confederation : What were the key weaknesses of the Articles of Confederation? Describe the structure of government as it was established under the Constitution.

What was the truman doctrine and what was manhattan project : What was the Truman Doctrine? What was the Manhattan Project? How did both of these contribute to the Cold War?

Definition of reciprocal polynomial of f(x) : Theorem: If is a root of is a root of g(x), reciprocal polynomial of f(x). Also f(x) is irreducible iff its reciprocal polynomial is irreducible, and f(x) is primitive iff its reciprocal polynomial is primitive.

User Account

All Pages