User Account

All Pages

Prepare the company journal entry for the january issuance

Assignment Help Financial Accounting
Reference no: EM132747392

Question - On January 1, 2020, Pina Colada Corporation issued $801,000 of 5% bonds that are due in 11 years. The bonds were issued for $580,173 and pay interest each July 1 and January 1. The company uses the effective interest method. Assume an effective rate of 9%. Prepare the company's journal entry for the January 1 issuance.

Reference no: EM132747392

Questions Cloud

What variables would include in the evaluation of a security : What variables (think of a variable as an outcome of the training) would you include in the evaluation of a security guard training program (in Canada)?
Several different models and archetypes. : We discussed several different models and archetypes. Look at your company (you don't have to provide its name)
What do carbohydrates look like : What do carbohydrates look like? (structure)What does protein look like? (structure)
What are some biometric multi-factor system designs : What are some biometric multi-factor system designs and the effects of multi-biometrics on the user?
Prepare the company journal entry for the january issuance : The company uses the effective interest method. Assume an effective rate of 9%. Prepare the company's journal entry for the January 1 issuance
Side effects of lumpectomy and mastectomy : Please write about adverse side effects of lumpectomy and mastectomy. Also how they managed.
What do think about the employers comment : What do you think about the employers comment that the "employee broke safety protocol," Did she? Why or why not? what happened here?
Side effects of lumpectomy and mastectomy : Please write about adverse side effects of lumpectomy and mastectomy. Also how they managed.
Social media governance for organizations : Social Media Governance for organizations: Discuss the issues that arise for organizations and the private/personal social media accounts of their employees.

Reviews

Write a Review

Financial Accounting Questions & Answers

  Benefits program with regard to the tax consequences of plan

Sparrow Corporation would like you to review its employee fringe benefits program with regard to the tax consequences of the plan for the company's president (Polly), who is also the majority shareholder. The company owns a parking garage that is use..

  What is the effective annual rate or ear of the loan

What is the effective annual rate, or EAR (annual percentage yield), of this loan? Round the answer to two decimal places in percentage form.

  The company wants to know how much ore to produce

The company wants to know how much ore to produce at each mine in order to minimize cost and meet its customers' demand for pure (100%) iron.

  Explain the company''s existing policy regarding dividends

Explain the company's existing policy regarding dividends and/or share repurchases Has the policy changed considerably over time?

  Prepare a journal entry for the adjusting journal entries

Prepare a journal entry for USA Dog Coats to reflect the given accounting events. Prepare a journal entry for the adjusting journal entries required for 31 st December, 20x8.

  What is the approximate probability

What is the approximate probability that the return on the Toronto Stock Exchange will be less than minus 30% (-30%) in a given year?

  Identify five control weaknesses in the purchase system

Identify five control weaknesses in the purchase system. Explain how each control weakness may affect the financial statements

  What is the periodic rate of interest

The bond has 12 years remaining to its maturity date. If interest is paid semi-annually, what is the value of the bond when the required rate of return is 14%

  Would one asset management ratio

Would One asset management ratio, the inventory turnover ratio, is defined as revenues divided by inventories this ratio be more important for a medical device

  Which projects should be undertaken

Which projects should be undertaken? Show all relevant calculations. Short O'Funds has R15 million available for investment in the forthcoming

  Margin for the city of brandon

Compute the legal debt margin for the City of Brandon

  Two bonds first the highest current yield

Which of these two bonds first the highest current yield? Which one has the highest yield to maturity?

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: +1-415-670-9521

Phone: +1-415-670-9521

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

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