Already have an account? Get multiple benefits of using own account!
Login in your account..!
Remember me
Don't have an account? Create your account in less than a minutes,
Forgot password? how can I recover my password now!
Enter right registered email to receive password!
Please write your solutions to the following two problems on one page of an Excel document.
Problem 1
The Sis Company issued $600,000 of 12% bonds on January 1, 2008. The bonds were sold for $664,190 and they were expected to yield 10% interest compounded semiannually. The actual interest dates are June 30 and December 31. The maturity date of the bonds is December 31, 2012.
1. Please prepare the journal entry to record the issuance of the bonds.
2. In using the effective-interest method, prepare the journal entries to record the first two interest payments.
Problem 2
In one paragraph, please explain the effect on a bonds selling price which is caused by the stated effective rate.
Remember to submit your solutions to both problems in one Excel document.
x-perience manufacturers snowboards.nbsp its cost of making 1700 bindings is as followsdirect materials17600direct
What are some of the concepts, methodology, and movements that have provided the capability produce high quality products in shorter runs, which allows us to offer many colors, styles, and sizes without increasing costs to prohibitive levels?
Ralph Henwood was paid a salary of $64,600 during 2010 by Odesto Company. In addition, during the year Henwood started his own business as a public accountant and reported a net business income of $48,000 on his income tax return for 2013.
People can become millionaires in their retirement years quite easily if they start saving early in employer 401(k) or 403(b) programs (or even if their employers don't offer such programs). Demonstrate the growth of a $250 monthly contribution for 4..
Joe Corporation is a C Corporation whose assets have a total basis of $5,000,000 and a replacement cost of $15,000,000. All of the appreciation is in the value of its patents and other intangible assets. The corporation has $3,000,000 in liabilities...
The building is to be depreciated using the straight-line method over a period of 40 years with no salvage value. What is depreciation for year 1 and year 2?
Reeves Supply Co. has the following transactions related to notes receivable during the last 2 months of 2014. Journalize the transactions for Reeves Supply Co. Record the collection of the Jeanne note at its maturity in 2015
The difference between the actual value and the projected value is called data dispersion. Please describe several ways the CFO organization can use to mitigate the data dispersion risks.
Journalize the following transactions-Conversion by the bondholders on July 1 2016, of bonds with face value of $1,600,000 into 120,000 shares of Herndon Corp.'s shares of $1-par stock.
Create the journal entries needed on the books of Seminole Company to record the subsequent. (Round answers to 0 decimal places, e.g. $38,548. Credit account titles are automatically indented when amount is entered.
Leverage. A firm has a long-term debt-equity ratio of .4. Shareholders' equity is $1 million. Current assets are $200,000, and the current ratio is 2. The only current liabilities are notes payable. What is the total debt ratio?
Vedat Corporation acquires new equipment with a list price of $100 to expand its product line. Vedat pays $50 of this cost on delivery and agrees to pay $25 of the remainder in one year's time and the final $25 in two year's time. Discuss how the cos..
Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!
whatsapp: +1-415-670-9521
Phone: +1-415-670-9521
Email: [email protected]
All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd