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On January 1, a company issued and sold a $400,000, 7%, 10-year bong payable, and recieved proceeds of $396,000. Interest is payable each June 30 and December 31. The company uses the Straight line method to amoritze the discount. Prepare a Journal Entry to record the June 30th interest payment. You may exclude the explanation.
advanced nbspmanagement accounting questionsq1 activity based managementseneca foods is a regional producer of
The cash and securities comprising a sinking fund established to redeem bonds at maturity in 2015 should be classified on the balance sheet as:
Teresa Alvarez, a beginning accounting student, believes debit balances are favorable and credit balances are unfavorable. Is Teresa correct? Why or Why not?
internal control procedures are in place to protect the assets of every business as mentioned in the textbook and our
One stockholder owned 550 shares on February 5 before the dividend. Compute the book value per share and total book value of this stockholder's shares immediately before and after the stock dividend of February 5.
Under the lease agreement, a security deposit of $15,000 is made, with the deposit to be returned at the expiration of the lease, with interest compounded at 10% per year. What amount will the company receive at the time the lease expires?
Intercompany debt which must be eliminated from consolidated financial statements may results from:
My scenario
rotweiler obedience schools december 31 2013 balance sheet showed net fixed assets of 1735000 and the december 31 2014
chapman company obtains 100 percent of abernethy companys stock on january 1 2009. as of that date abernethy has the
Calculate the total dollar amount of discount or premium amortization during the first year (5/1/10 through 4/30/11) these bonds were outstanding. (Show computations and round to the nearest dollar.)
Hornbeck Company issued 100,000 bonds payable with a 7% interest rate at a price of 97. The journal entry to record the issue of the bond includes what?
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