On april 30th2004 hackman corporation issued 1 million face

Assignment Help Accounting Basics
Reference no: EM13599753

On April 30th,2004 Hackman Corporation issued 1 million face value 12% bonds dated January 1,2004, for $1040000 plus accrued interest. the bonds pay interest semiannually on June 30th and december 31 and are due on december 31, 2011. the company uses straight line amortization method. record the issuance of the bonds and the first two interest payments

Reference no: EM13599753

Reviews

Write a Review

 

Accounting Basics Questions & Answers

  Streit inc provides business security systems in an

streit inc. provides business security systems. in an effort to increase revenue the sales manager has begun

  Indirect costs allocation to the consumer department

Management estimates that it costs $500 to analyze and close a commerical loan. This amount has been included in the $250,000 of inderict costs. How much of the $250,000 indirect costs should be allocated to the Consumer Department?

  Record the depreciation expense for the three used machines

prepare the journal entry to record depreciation expense at the end of year 1 assuming the following. if no entry is

  How much profitsprofitsarrow-10x10png will increase or

royal company manufactures 22000 units of part r-3 each year for use on its production line. at this level of activity

  Fun inc has a fully automated production facility in which

fun inc. has a fully automated production facility in which almost 97 percent of averhead costs are driven by machine

  Record the issuance of the bonds

King Pin issues $1,000,000 0f 12%. 10 year bonds that are dated Jan. 1, 2009. The first interest payment is due June 30, 2009 (Hint: interest is paid semi-annually). Record the issuance of the bonds and the first interest payment for each situation.

  What kind of audit report indicates that the financial

what type of audit report indicates that the financial statements have been presented fairly?a. an unqualified

  Compute the net present value of the project

The machine will have a residual value at the end of the 8 years of $8,000. The company has a 14% cost of capital. Compute the net present value of the project.

  Aspects of a performance appraisal

Select two aspects of a performance appraisal from the following list. In at least 250 words, explain the following: what are the special challenges in each area and what would be the effects on employees and employers if the challenges were not a..

  What value should the land be recorded in aaa

At what value should the land be recorded in AAA Repair Service's records?

  Lucinda owns 1100 shares of old corporation stock at a time

lucinda owns 1100 shares of old corporation stock at a time when old corporation has 2000 shares of stock outstanding.

  Preparation of a work sheet, financial statements

All adjustments affect one balance sheet account and on income statement account. For each of these situations,  Preparation of a Work Sheet, Financial Statements, and Adjusting and Closing Entries.

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!

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