First two semiannual interest payments-issuance of the bond

Assignment Help Financial Accounting

Reference no: EM131203450

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.)

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. Assuming the market interst rate on the issue date is 10%,the bonds will issue at $457,102. Record the issuance of the bond.

Reference no: EM131203450

Questions Cloud

The note payable for cash and the first monthly payment : On January 1, 2015, Corvallis Carnivals borrows $30,000 to purchase a delivery truck by agreeing to a 5%, five-year loan with the bank. Payments of $566.14 are due at the end of each month, with the first installment due on January 31, 2015. Record t..

Decrease in response to the shift in customer demand : TDABC Recent competitive pressures have caused National Insurance Company to examine policies regarding personnel planning. As a start, the company has decided to experiment with and develop a time-driven ABC model for its claims processing center. w..

For the network of given figure determine rt : For the network of given figure: Determine RT, - Find Is, I1, and I2, - Calculate Va.

First two semiannual interest payments-issuance of the bond : Record the bond issue on January 1, 2015, and the first two semiannual interest payments on June 30, 2015, and December 31, 2015. Assuming the market interst rate on the issue date is 10%,the bonds will issue at $457,102. Record the issuance of the b..

Transparent performance appraisal process : As an HR professional, part of your job is to ensure a smooth and transparent performance appraisal process. In most cases, you will find that both managers and employees are hesitant about participating in the formal review process. Reflect on so..

Performance management performance gap analysis : To prepare for this Assignment, review the P4 Performance Management performance gap analysis from this week's resources in order to familiarize yourself with the components of a traditional gap analysis.

For the network of given figure calculate rt : For the network of given Figure: Calculate RT, - Determine I and I1, - Find V3.

Labor relations class : Please answer in Word Doc. This is a Labor Relations class. If you do not have experience or knowledge with unions or Labor relations please do not answer

User Account

All Pages