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On June 30, 2016, the market interest rate is 7%. Starship Enterprises issues $500,000 of 8%, 20-year bonds at 110.625. The bonds pay interest on June 30 and December 31. Starship amortizes bonds by the effective-interest method.
Problem (a) issuance of the bonds on June 30, 2016
Problem (b) the payment of interest at December 31, 2016
Problem (c) semi-annual interest payment on June 30 2017.
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Laconic Company manufactures ultra sound equipment. Based on past experience, Laconic has found that total annual repair and maintenance cost can be represented by the following formula: total annual repair and maintenance cost = $205,000 + $7.50x, w..
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How many shares of ordinary stock are outstanding at year-end?
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Prepare the adjusting journal entry on December 31. - Prepare the T-accounts for each account, enter the unadjusted balances, post the adjusting journal entry.
What was the total amount of Goods Available for sale during the month?If Net Sales were $50,000 for the month, what was the gross profit?
Compute the direct materials price and quantity variances for the month. Compute the direct labour rate and efficiency variances for the month.
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