User Account

All Pages

Make an amortization schedule for the issuance of the bond

Assignment Help Accounting Basics
Reference no: EM131591618

Question - On January 1, 2011, Block Company issued $100,000 of 10%, 5 year bonds, with semiannual interest payments on July 1 and January 1. The bonds were issued at $92,639, yielding an effective interest rate of %12. Block Company uses an effective interest method of amortization.

A. Make an amortization schedule for the issuance of the bond and for the next 2 years.

B. Make the Journal entry for the issuance of the bonds, January 1, 2011

C. Make the Journal entry for the July 1, 2011, interest payment.

D. Make the year-end adjusting entry for December 31, 2011.

Reference no: EM131591618

Questions Cloud

Detail positive and negatives of financial recapitalization : Where do you stand on the dividends? Detail the positive and negatives of financial recapitalization.
What is the future value of the same annuity due : Future Value of an Annuity Due If the future value of an ordinary, what's the future value of the same annuity due?
How do american cultural beliefs and values influence : What have been some of the main challenges posed by the growing use of medical technology in the United States?
Define childs healthy development : Explain your views on the role of self-esteem in a child's healthy development.
Make an amortization schedule for the issuance of the bond : On January 1, 2011, Block Company issued $100,000 of 10%, 5 year bonds, Make an amortization schedule for the issuance of the bond and for the next 2 years
Present values of its future free cash flows to the firm : You plan to measure the value of a business by calculating the sum of the present values of its future free cash flows to the firm (FCFF).
Write an analysis about active monetary and fiscal policy : write analysis about Active monetary and fiscal policy, Increased government spending to fight recession and Reducing federal government's discretionary powers.
Advising fan management : If you were advising Fan's management what or how would you suggest they go about freeing themselves from this situation and ensuring that it doesn't happen.
Write method that prints out the word frequency counts : Write method that prints out the word frequency counts onto the screen - independent of capitalization

Reviews

Write a Review

Accounting Basics Questions & Answers

  Identify specific reporting differences between the

in your opinion how are gains and losses from extinguishment of debt classified in the income statement?what

  On march 31 phoenix inc paid melanie publishing company

on march 31 phoenix inc. paid melanie publishing company 17280 for a 3-year subscription for five different magazines.

  Provide an analysis and explanation of the role of the gao

provide an analysis and explanation of the role of the GAO.

  The note payable was taken out last year the note carries

lloyd christmas ltd.s accounting records reflect the following account balances at january 1 2005 beginning of the

  Inventory items of a similar nature and use

A company has two inventory items of a similar nature and use. One item is held at the company's headquarters in Spain and one is held in France. Using IFRS:

  Rivera company exchanges old delivery equipment

Rivera Company exchanges old delivery equipment for new delivery equipment. The book value of the old delivery equipment is $31,000 (cost $61,000 less accumulated depreciation $30,000).

  Determine the proper unit inventory price in the following

In some instances accounting principles require a departure from valuing inventories at cost alone. Determine the proper unit inventory price in the followingcases.

  Prepare all journal entries to close devonshires accounts

Prepare all necessary journal entries to close devonshire corporations accounts at the end of the year.

  Bonnie subsequently discovered her loss

Ann took Bonnie's watch without Bonnie knowing of the theft. Bonnie subsequently discovered her loss and was informed that Ann had taken the watch. Bonnie immediately pursued Ann.

  Encouraging business combinations

Which factors do you believe were the most prominent in encouraging business combinations in the 1990s? Which of these was the most important? Explain why.

  Km ries tere bax and josh thomas invested 30000 46000 and

kim ries tere bax and josh thomas invested 30000 46000 and 54000 respectively in a partnership. during its first

  Define receivable and identify different types of receivable

Define receivables and identify the different types of receivables. What are the accounting issues related to valuation of accounts receivables and why are they important?

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: +1-415-670-9521

Phone: +1-415-670-9521

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

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