Reference no: EM13129104
Company A issued 7% bonds on January 1, 2009, with a face amount of $530,000, the market yield for bonds of similar risk and maturity was 8%. The bonds mature December 31, 2012 (4 years). Interest is paid semiannually on June 30 and December 31.
(1) Determine the price of the bonds at January 1, 2009.
(2) Prepare the journal entry to record their issuance by Patey on January 1, 2009.
(3) Prepare an amortization schedule that determines interest at the effective rate each period.
(4) Prepare the journal entry to record interest on June 30, 2009.
(5) What is the amount related to the bonds that Patey will report in its balance sheet at December 31, 2009?
(6) What is the amount related to the bonds that Patey will report in its income statement for the year ended December 31, 2009? (Ignore income taxes.)
(7) Prepare the appropriate journal entries at maturity on December 31, 2012.
Determine which step is the most difficult to execute
: Investigate the steps involved in the preparation of an advance plan for the distribution of cash in a partnership liquidation to determine which step is the most difficult to execute correctly. Discuss possible ways to address the difficulties yo..
|
Confidence interval of of people who feels violence on tv
: For a random sample of 40 people, what is the 95% confidence interval of the proportion of people who feel that there is too much violence on TV?
|
Lebesgue integrable function
: Let f be Lebesgue integrable on [0,1]. Prove that the limit, as k goes to infinity, of the integral from 0 to 1 of (x^k)f(x)dx is equal to 0.
|
Information about lebesgue integral
: Let f be defined on the interval [0,1] by setting f(x)=0 if x is irrational, and if x=(m/n) rational where gcd(m,n)=1 set f(x)=n. Show that f is unbounded on every open interval in [0,1] and compute the Lebesgue integral of f over the interval [0,..
|
Amount related to the bonds
: What is the amount related to the bonds that Patey will report in its balance sheet at December 31, 2009?
|
Illustrate what type of audit report did these companies
: Visit several companies with which you are familiar to locate their annual report. Illustrate what type of audit report did these companies receive in their most recent annual report?
|
Find minimum score need to stay out of group
: The bottom 1.5% of students must go to summer school. What is the minimum score you would need to stay out of this group?
|
Examine the steps used to allocate available partnership
: Examine the steps used to allocate available partnership assets in liquidation under the Uniform Partnership Act (UPA) and make at least one recommendation for improving the process. Explain your rationale.
|
Define or claiming the word "flattering"
: write about the sunflower to the sun is flattering to define or claiming the word "flattering".
|