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Question: Stern Company issued $4,000,000 of bonds on January 1, 2017.
(a) Prepare the journal entry to record the issuance of the bonds if they are issued at (1) 100, (2), 98, and (3) 103.
(b) Prepare the journal entry to record the retirement of the bonds at maturity, assuming the bonds were issued at 100.
(c) Prepare the journal entry to record the retirement of the bonds before maturity at 98. Assume the balance in Premium on Bonds Payable is $18,000.
(d) Prepare the journal entry to record the conversion of the bonds into 60,000 shares of $10 par value common stock. Assume the bonds were issued at par.
Calculate the total predicted cost of tanning services for September for 2,500 appointments using the formula found in Requirement 3.
corporation purchased a truck on june 1 2012 at a cost of 170000. the truck had a useful life of 8 years with an
in september one of the processing departments at shenkel corporation had beginning work in process inventory of 25000
Several new city council members asked you to explain why the financial statements for the Water Enterprise Fund "seem to look different" than the financial.
James purchased a new business asset (three-year property) on July 23, 2009, at a cost of $50,000. He did not elect to expense any of the asset under § 179, nor did he elect straight-line cost recovery. Determine the cost recovery deduction for 20..
the cash price of this machine was 38000. related expenditures included sales tax 1700 shipping costs 150 insurance
Blue Corporation purchases a patent from Crane Company on January 1, 2017, for $65,000. Prepare the journal entries to record the $36,800 expenditure
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on january 1 2012 durdil co. borrowed and received 670000 from a major customer evidenced by a zero-interest-bearing
Depreciation recorded through the disposal date totaled $26,000.
For the year 2014, Buen Provecho Supplies Corp. had net sales of $550,000 and cost of goods available for sale of $450,000.
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