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On January 1, 2015, Splash City issues $500,000 of 9% bonds, due in 20 years, with interest payable semiannually on June 30 and December 31 each year. Required: Assuming the market interest rate on the issue date is 9%, the bonds will issue at $500,000. Record the bond issue on January 1, 2015, and the first two semiannual interest payments on June 30, 2015, and December 31, 2015. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.)
qoe assignmentquality-of-earnings qoe analysis attempts to evaluate whether the reported earnings of a company reflect
accumulated postretirement benefit obligation at jan 1 2012 = 760,000; accumulated OCI (PSC) at jan 1 2012 = 100,000 Dr.; discount rate = 9%. Instrucions: compute postretirment benefit expense for 2012.
multiple product cvp analysis hawaiian fruit pizza was a huge success and fairfield pizza has decided to start a second
Paul Company reported the following balances at December 31, 2013: common stock $400,000, stated value $5; paid-in capital in excess of par—common stock $220,000; and retained earnings $250,000 During 2014, the following transactions affected stockho..
Calculate taxable income and prepare the journal entry for current tax payable (the tax rate is 30%) as at 30th June 2014.
presented here are numerous transactions and events of the general fund of johnson county. all transactions and events
honey butter inc. manufactures a product that goes through two departments prior to completion. the following
Cameron Manufacturing Co.’s static budget at 5,000 units of production includes $40,000 for direct labor and $5,000 for variable electric power. Total fixed costs are $20,000. At 8,000 units of production, a flexible budget would show variable costs ..
Weighted-average shares of common stock outstanding and the journal entry to record this transaction
Bank employees use a system known as the “maker-checker” system. An employee will record an entry in the appropriate journal, and then a supervisor will verify and approve the entry.
A company began the accounting period with inventory of 3,000 units at $30 each. During the period, the company purchased an additional 5,000 units at $36 each and sold 4,600. Assume the use of periodic inventory procedure, the cost of ending invento..
A machine was purchased for $54,000 and it was estimated to have a $9,000 salvage value at the end of its useful life. Monthly depreciation expense of $750 was recorded using the straight-line method. The annual depreciation rate is
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