Prepare the general journal entry to record the april bond

Assignment Help Accounting Basics
Reference no: EM132228915

Question - On April 1, 2019, Alaska Trading Company issued $900,000 of 6%, 10-year bonds. The bonds, which were issued at 98, pay interest on October 1 and April 1. Use this information to prepare the General Journal entry (without explanation) to record the April 1, 2019 bond issue. If no entry is required then write "No Entry Required."

Reference no: EM132228915

Questions Cloud

How a student might be encouraged to move out : Describe how a student who appears to be dismissing the value of an education might be encouraged to move out of a lower level and into subsequent stages.
Do intentions always matter : Do you agree with Kant that in morality the consequences never matter? Why? Do intentions (motives) always matter? Why?
Do conversation with someone about religious identity : For this assignment you are required to sit down for a conversation with someone whose religious identity differs from your own.
Show the allocation of dividends to each class of stock : Show the allocation of dividends to each class of stock, assuming the preferred stock dividend is 7% and noncumulative
Prepare the general journal entry to record the april bond : Use this information to prepare the General Journal entry (without explanation) to record the April 1, 2019 bond issue
Prepare the general journal entry for january : Prepare the General Journal entry(ies) (without explanation) for January 2 purchase and the December 15 & 31, 2018 record of income & gain/loss
What characterizes jewish practice before the destruction : The destruction of the 2nd Temple in Jerusalem marks a major shift in the history and character of Judaism. What characterizes Jewish practice before.
How much interest expense will be paid on august : Allstar Company signed a $200,000 mortgage. The interest rate is 6.0% per year. How much interest expense will be paid on August 31, 2018
What advice would you give a female leader : Women in positions of power often have a difficult time knowing how they should manage their emotions. Too much emotion does not fit the stereotype of a leader.

Reviews

Write a Review

Accounting Basics Questions & Answers

  Hearthstone appliance supplies parts for laundry amp

hearthstone appliance supplies parts for laundry amp kitchen appliances. they have determined the salary expense is

  Martha and jones have capital balances on january 1 of

martha and jones have capital balances on january 1 of 50000 and 40000 respectively. the partnership income-sharing

  What would be the net savings for the company

On July 22, a company purchased merchandise inventory at a cost of $5,250 with credit terms 2/10, what would be the net savings for the company

  Securities are classified as available-for-sale

Prepare the adjusting entry (if any) for 2008, assuming the securities are classified as available-for-sale.

  A firm had a cash balance of 52000 at the beginning of the

A firm had a cash balance of $52,000 at the beginning of the year. There was a net decrease in cash and cash equivalents (defined as cash inflows minus outflows during the period) of $8,000. What is the ending cash balance?

  Assume that red door boutique sold additional watches to a

please give correct answer and explain how you got that answer. i chose c and got 12 credit for it being partially

  What skills or vocal image were examined well

What skills or vocal image were examined well by your classmate? Do you agree with them and why? Were any skills or observations overlooked?

  Halifax manufacturing allows its customers to return

halifax manufacturing allows its customers to return merchandise for any reason up to 90 days after delivery and

  Adjusting lower cost of market inventory on valuation

As a newly hired Staff I, you are responsible for analyzing the work papers for one of the clients of your organization. Your client is not clear about why you are asking for information on the following topics:

  The december 31 2009 balance sheet of schism inc showed

the december 31 2009 balance sheet of schism inc. showed long-term debt of 1.415 million 143000 in the common stock

  What two forms must johnice file for business

In the current year, Johnice started a profitable bookkeeping business as a sole proprietor. Johnice made $38,000 in her first year of operation.

  Hinge manufacturings cost of goods sold is 420000 variable

hinge manufacturings cost of goods sold is 420000 variable and 240000 fixed. the companys selling and administrative

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