User Account

All Pages

Keep a journal when you buy bonds

Assignment Help Accounting Basics
Reference no: EM132768677

Question - On July 1, 2018, PT Mitra purchased 2,000 bonds from PT. ABC on the Indonesia Stock Exchange. The bond with a nominal value of Rp. 1,000,000 per share was purchased at a price of Rp. 970,000 per share. The bonds with 24% interest per year are 2 years old and will mature on July 1, 2020. Interest is paid every June 30 and December 31. Keep a journal when you buy bonds and a journal when you receive interest!

Reference no: EM132768677

Questions Cloud

Waste management to maintain professional autonomy : In order for engineering in solid waste management to maintain professional autonomy, the public has to trust engineers.
David christopher and orthopedic surgeon : Evaluate the medical practice and suggest at least two options (not discussed in the case) to maximize patient throughput and revenues
What is the impact of the error on the financial statements : What is the impact of this error on the financial statements? A company rents a building that it uses in its operations. The accountant for company mistakenly
Patients without medical insurance coverage : ED revenues are affected by many variables such as, patients without medical insurance coverage.
Keep a journal when you buy bonds : Interest is paid every June 30 and December 31. Keep a journal when you buy bonds and a journal when you receive interest
What is the correct adjusted general ledger balance : What is the correct adjusted general ledger balance as of the end of the month? Interest earned and added by the bank to the account: $100
Legal dilemma : You are the hospital administrator for a county hospital, which is funded in a large part by that county's property taxes.
What is the proper treatment of interest earned on the bank : In preparing a bank reconciliation, what is the proper treatment of interest earned on the bank account? Subtract it from the reported cash balance
Prepare the bond amortization table : Casino issued $2,000,000 6% convertible bonds on Jan 1, 20X1 for $1,910,000. Prepare the bond amortization table

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