User Account

All Pages

Prepare journal entries for first interest payment on june

Assignment Help Accounting Basics
Reference no: EM132095870

Question - Woodwick Company issues 6%, five-year bonds, on December 31, 2014, with a par value of $107,000 and semiannual interest payments.

Semiannual Period-End

Unamortized Premium

Carrying Value

(0) 12/31/2014

$8,251

$115,251

(1) 6/30/2015

7,426

114,426

(2) 12/31/2015

6,601

113,601

Use the above straight-line bond amortization table and prepare journal entries for the following.

(a) The issuance of bonds on December 31, 2014.

(b) The first interest payment on June 30, 2015.

(c) The second interest payment on December 31, 2015.

Reference no: EM132095870

Questions Cloud

Find out the prime numbers from the given list : Find out the prime numbers from the following list (15, 16, 17, 23, 2, 32, 3, 31, 13, 19, 12, 9) and push/store them in a stack and then print.
Write a main program to call the function : Write a main program to call the function using an integer of your choice and print the contents.
What is the ending inventory using the average cost method : Sales for the year totaled 270 units, leaving 10 units on hand at the end of the year. What is the ending inventory using the average cost method (rounded)
What is the saving in the average time to retrieve a webpage : The time for A to obtain the remaining web object after the reception of the HTML file, assuming all the web objects are cached at the proxy.
Prepare journal entries for first interest payment on june : Woodwick Company issues 6%, five-year bonds, on December 31, 2014, Prepare journal entries for first interest payment on June
Creates an array of integers dynamically : Write a C program that creates an Array of integers dynamically (using malloc). You need to ask the user the size of the array.
Defining characteristics of companies : Fortune magazine and hay group found that a clear, stable strategy is one of the defining characteristics of companies on the list
Simulate the transmission and reception of a text message : The purpose of this assignment is to simulate the transmission and reception of a text message over a noisy communications channel.
Representations of business data flow and processes : Assignment - Literature Bonanza - Select appropriate IT solutions for business functions - Apply business information software for data visualization

Reviews

Write a Review

Accounting Basics Questions & Answers

  How much control does fed have over this longer real rate

Hubbard argues that the Fed can control the Fed funds rate, but the interest rate that is important for the economy is a longer-term real rate of interest.   How much control does the Fed have over this longer real rate?

  Coures:- fundamental accounting principles

Coures:- Fundamental Accounting Principles: - Explain the goals and uses of special journals.

  Accounting problems

Accounting problems,  Draw a detailed timeline incorporating the dividends, calculate    the exact Payback Period  b)   the discounted Payback Period. the IRR,  the NPV, the Profitability Index.

  Theory of interest - term structure of interest rates

Term Structure of Interest Rates

  Write a report on internal controls

Write a report on Internal Controls

  Prepare the bank reconciliation for company

Prepare the bank reconciliation for company.

  Cost-benefit analysis

Create a cost-benefit analysis to evaluate the project

  Theory of interest

Theory of Interest: NPV, IRR, Nominal and Real, Amortization, Sinking Fund, TWRR, DWRR

  Liquidity and profitability

Distinguish between liquidity and profitability.

  What is the expected risk premium on the portfolio

Your Corp, Inc. has a corporate tax rate of 35%. Please calculate their after tax cost of debt expressed as a percentage. Your Corp, Inc. has several outstanding bond issues all of which require semiannual interest payments.

  Simple interest and compound interest

Simple Interest, Compound interest, discount rate, force of interest, AV, PV

  Capm and venture capital

CAPM and Venture Capital

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: +91-977-207-8620

Phone: +91-977-207-8620

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

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