Company purchased as a short-term investment

Assignment Help Financial Accounting

Reference no: EM13753020

On January 1, Talent Company purchased as a short-term investment a $1,000, 8% bond for $1,050. The bond pays interest on January 1 and July 1. The bond is sold on October 1 for $1,200 plus accrued interest. Interest has not been accrued since the last interest payment date. What is the entry to record the cash proceeds at the time the bond is sold?

Reference no: EM13753020

Questions Cloud

Develop a realistic social media marketing plan for business : Develop a realistic Social Media Marketing Plan for a hypothetical business/organization of your choice.

Homepage and site plan for website : Homepage and site plan for Website-THese arte the instructions for the initial site plan: The website will be about Health Information

Assignment on analyzing religions : Assignment On Analyzing Religions, The US culture has a broad spectrum of religious affiliations and religiosity. As a result of interacting with people who share similarities, people seldom evaluate the main premises of other religions.

Summarize the elements of the drp policy and irt charter : Provide an overview of the organization that will be delivered to senior management, defining the business goals and objectives and the size, layout, and structure of the organization. Summarize the elements of the DRP Policy and IRT Charter

Company purchased as a short-term investment : On January 1, Talent Company purchased as a short-term investment a $1,000, 8% bond for $1,050. The bond pays interest on January 1 and July 1. The bond is sold on October 1 for $1,200 plus accrued interest. Interest has not been accrued since the la..

Write a research paper on campaign finance reform : write a research paper on Campaign finance reform, Immigration amendmentc, Federalism reforms, Welfare reform, Health care reform, Gay marriages reform, Military spending reformh and Don't ask Don't tell reform.

Prepare journal entries and financial statements : Prepare journal entries and financial statements for the year ended December 31, 2014. No adjusting entries have been made since December 31, 2013. On November 1, 2014, Company A. rented storage space at a cost of $600 per month. On that date Company..

Assignment on analyzing world cultures : Identify two-three online videos or movies representative of this culture. These could be examples of cultural expressions such as a, Bollywood movie from India or Anime videos from Japan.

Advise albert stanley on his course of action : Analyze the situation - and advise Albert Stanley on his course of action

User Account

All Pages