User Account

All Pages

Prepare the issuer journal entry to record the issuance

Assignment Help Accounting Basics
Reference no: EM132186683

Question - On January 1, DoT Inc. issued 10-year, 9% bonds with a par value of $500,000 when the market rate was 9.5%. The company received $484,087 in cash proceeds. Prepare the issuer's journal entry to record the issuance of the bond.

Reference no: EM132186683

Questions Cloud

Write about what you remember about your early childhood : Write about what you remember about your early childhood, from 2 to 6 years of age (e.g. did you go to preschool? Who did you play with?
How the oil-extraction patent should be carried on the firm : Given this information, the oil-extraction patent should be carried on the firm's December 31, 2017, balance sheet at an amount of
Calculate total revenue and profit at breakeven number : Calculate the Total Revenue and Profit at this breakeven number.
Strategy contributed to the firm growth : How has Wal-Mart grown from a small region chain to the largest discount retailer in the world? How has its strategy contributed to the firm’s growth?
Prepare the issuer journal entry to record the issuance : The company received $484,087 in cash proceeds. Prepare the issuer's journal entry to record the issuance of the bond
Why did their enactment of policy of exclusively promoting : Why did their enactment of a policy of exclusively promoting from within the organization reduce their turnover problem in these supervisory roles ?
Prepare the adjusting journal entry : The supplies account shows $6000. Upon doing an inventory count, the balance on had should be $2000. Prepare the adjusting journal entry
Using the six rules of categorical syllogisms : using the six rules of categorical syllogisms, determine if the argument is valid. If it’s invalid be sure to list all the fallacies it commits.
What are the advantages of projective techniques : What are the advantages and disadvantages of projective techniques for measuring personality, and how do they compare with personality inventories.

Reviews

Write a Review

Accounting Basics Questions & Answers

  Great forks hospital reported net income for 2012 of 24

great forks hospital reported net income for 2012 of 2.4 million on total revenues of 30 million. depreciation expense

  How many units were started and completed during the period

On January 31, the inventory consisted of 500 units that were 70% completed. How many units were started and completed during the period

  Calculate the total number of units sold in a year

Use the high-low method to determine Teri's monthly salary and commission rate per unit sold and then calculate the total number of units sold in a year when

  Prepare any note disclosures and adjusting journal entries

Prepare any note disclosures and adjusting journal entries that are needed in the 2018 financial statements for each situation

  What is the appropriate date on the auditor report

The final audit report was completed, attached to the financial statements, delivered to the client on March 7. What is appropriate date on auditor's report

  Benefits of product or service

Respond to at least two of your classmates and critique the questions developed to determine if their questions will address customer benefits of their product or service.

  Should the company buy the new system

Compute the NPV assuming a discount rate of 10 percent. Should the company buy the new system? Please show your work

  What are the two most common types of pension plans

what are the two most common types of pension plans? how do they work? what are the advantages and disadvantages? the pros and corns of each type and pros and corns from employee perspective if any.

  Complete the four right most columns

Complete the four right most columns of the table by first entering information for the four closing entries (keyed 1 through 4) and second by completing the post  closing trialbalance.

  Louisiana leisure makes umbrellas

LO.4 (ABC) Louisiana Leisure makes umbrellas, gazebos, and chaise lounges. The company uses a traditional overhead allocation scheme and assigns overhead to prod- ucts at the rate of $30 per direct labor hour. The costs per unit for each product g..

  What is a bargain purchase option

What is a bargain purchase option? How does it differ from other purchase options?

  Prepare the adjusting entries for independent case

Make the required end-of-period adjusting entries for each independent case listed below.

Free Assignment Quote

Assured A++ Grade

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!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +1-415-670-9521

Phone: +1-415-670-9521

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd