User Account

All Pages

Journalize the entry to record the first interest payment

Assignment Help Accounting Basics
Reference no: EM132990016

Problem - On the first day of the fiscal year, a company issues an $683,000, 9%, 5-year bond that pays semi-annual interest of $30,735 ($683,000 x 9% x 1/2), receiving cash of $642,000. Journalize the entry to record the first interest payment and the amortization of the related bond discount using the straight-line method.

Reference no: EM132990016

Questions Cloud

Mediation or nonbinding arbitration : The state in which Sue resides requires that her dispute with Tipton be submitted to mediation or nonbinding arbitration.
Components in scoring and test interpretation : Identify 2 key components in scoring and test interpretation. What are some of the most important factors in selecting and administering self-report inventories
Prepare the journal entries in the books Smith Ltd : The rate of interest implicit in the lease is 12%. Prepare the journal entries in the books Smith Ltd for the years ending 30 June 2020 and 30 June 2021
Capability of business analytics in future : What is one thing you would like to see implemented as a capability of business analytics in the future?
Journalize the entry to record the first interest payment : Journalize the entry to record the first interest payment and the amortization of the related bond discount using the straight-line method
What will be his estimated retirement expenses : Edward plans to retire in 15 years. His current household expenses are $94000 per year. What will be his estimated retirement expenses
Research haptics and technologies : Research haptics and the technologies used to create a haptic device.
Journalize the entries to record the purchase : On April 2 a corporation purchased for cash 6,000 shares of its own $11 par common stock at $26 a share. Journalize the entries to record the purchase
What amount of capital dividend each shareholder receive : August 6, 2020: Building (2 Backwater St.) $175,000 (land $55,000 and buildings $120,000). What amount of Capital Dividend will each shareholder receive

Reviews

Write a Review

Accounting Basics Questions & Answers

  How much control does fed have over this longer real rate

Hubbard argues that the Fed can control the Fed funds rate, but the interest rate that is important for the economy is a longer-term real rate of interest.   How much control does the Fed have over this longer real rate?

  Coures:- fundamental accounting principles

Coures:- Fundamental Accounting Principles: - Explain the goals and uses of special journals.

  Accounting problems

Accounting problems,  Draw a detailed timeline incorporating the dividends, calculate    the exact Payback Period  b)   the discounted Payback Period. the IRR,  the NPV, the Profitability Index.

  Theory of interest - term structure of interest rates

Term Structure of Interest Rates

  Write a report on internal controls

Write a report on Internal Controls

  Prepare the bank reconciliation for company

Prepare the bank reconciliation for company.

  Cost-benefit analysis

Create a cost-benefit analysis to evaluate the project

  Theory of interest

Theory of Interest: NPV, IRR, Nominal and Real, Amortization, Sinking Fund, TWRR, DWRR

  Liquidity and profitability

Distinguish between liquidity and profitability.

  What is the expected risk premium on the portfolio

Your Corp, Inc. has a corporate tax rate of 35%. Please calculate their after tax cost of debt expressed as a percentage. Your Corp, Inc. has several outstanding bond issues all of which require semiannual interest payments.

  Simple interest and compound interest

Simple Interest, Compound interest, discount rate, force of interest, AV, PV

  Capm and venture capital

CAPM and Venture Capital

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: +91-977-207-8620

Phone: +91-977-207-8620

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

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