On august 1 2007 a company issues bonds with a par value of

Reference no: EM13609474

On August 1, 2007, a company issues bonds with a par value of $600000. The bonds mature in 10 years, and pay 6% annual interest, payable each February 1st and August 1st. The bonds sold at $632000. The company uses the straight line method of amortizing bond premiums. The company's year-end is December 31st. Prepare the general journal entry to record the interest accrued at December 31, 2007.

Reference no: EM13609474

Questions Cloud

Snipe company has been purchasing a component part q for : snipe company has been purchasing a component part q for 19.20 a unit. snipe is currently operating at 70 of capacity

Winrow company showed the following balances at the end of : winrow company showed the following balances at the end of its first year cash 5000 prepaid insurance 500 accounts

A proton accelerates from rest in a uniform electric field : a proton accelerates from rest in a uniform electric field of 626 nc. at some later time its speed is 1.32 x 106 ms.a

An ideal gas is heated from 50 c to 80 c a at constant : an ideal gas is heated from 50 c to 80 c a at constant volume and b at constant pressure. for which case do you think

On august 1 2007 a company issues bonds with a par value of : on august 1 2007 a company issues bonds with a par value of 600000. the bonds mature in 10 years and pay 6 annual

If the manufacturers claim is true what is the probability : a manufacturer claims that its wood treatment protects outdoor wood fences a mean of 2601 days with a standard

Vincent pays 20000 for equipment to use in his trade or : vincent pays 20000 for equipment to use in his trade or business. he pays sales tax of 800 as a result of the purchase.

Tanner furniture company concluded its first year of : tanner furniture company concluded its first year of operations in which it made sales of 800000 all on installment.

You arrive at a bus stop at 800 am knowing that the bus : you arrive at a bus stop at 800 a.m. knowing that the bus will arrive at some time uniformly distributed between 845

User Account

All Pages

On august 1 2007 a company issues bonds with a par value of

Reference no: EM13609474

Reference no: EM13609474

Questions Cloud

Reviews

Write a Review

Accounting Basics Questions & Answers

A major difference between accounting for postretirment

Janus corporation has in stock 45700 kilograms of material

Powerdrive co issued 2000 shares of its rm10 par value

Briggs candle supply makes candles the sales mix of its

Explain the purpose of the proposal budget and budget

Clark international produces designer watches each watch

Soon after beginning the year-end audit work on march 10 at

Bethel company owns a machine that can produce two

Influence of equipment sales on td industries

What abc systems would be helpful to guide

Merchandising transactions perpetual inventory system

Financial ratios are used extensively in annual reports to

Assured A++ Grade

Academics

Major Subjects

Majors

Get In Touch

TERMS & POLICIES

HELP & SUPPORT