Solution-Prepare the journal entry to record the recognition

Prepare the journal entry to record the recognition

Assignment Help Accounting Basics

Reference no: EM131116159

1. Entries for Available-for-Sale Securities assume the same information as in E17-3 except that the securities are classified as available-for-sale. The fair value of the bonds at December 31 of each yearend is as follows.

2009 $534,200 2012 $517,000
2010 $515,000 2013 $500,000
2011 $513,000

(a) Prepare the journal entry at the date of the bond purchase.

(b) Prepare the journal entries to record the interest received and recognition of fair value for 2009.

Reference no: EM131116159

Questions Cloud

Solution of phosphoric acid : Describe how you would prepare 500 mL of a 1.0 M solution of phosphoric acid from 85.0% phosphoric acid that is pure. The gram formula weight of phosphoric acid is 98.00 g/mol, and the density of 85.0% phosphoric acid is 1.685 g/mL.

What are the means actually used to record phenomena : The process of converting the goals and objectives of the organization's operating plan into financial terms is called?

Explain the option delta : Explain the option delta and show its mathematical derivation - Using options algebra determine the final payoff shape of the strategy.

Discusses how the fraud was detected : Pepare an investigative plan that discusses how the fraud was detected and how the fraud could have been prevented (risk management).

Prepare the journal entry to record the recognition : Entries for Available-for-Sale Securities assume the same information as in E17-3 except that the securities are classified as available-for-sale. The fair value of the bonds at December 31 of each yearend is as follows.

Discuss each issue in the context of the scenario facts : How I would Handle Each Issue. First, in this section and for each issue, as a health care provider, how would you handle each of the three issues discussed above and why? Must use the relevant facts in the scenario to support your positions.

Examine the potential impact of time-driven abc costing : Examine the potential impact of time-driven ABC costing on services provided online with those provided through traditional channels, considering how this knowledge will impact decisions made by management about these services.

Prepare a bond amortization schedule : Entries for Held-to-Maturity Securities on January 1, 2009, Roosevelt Company purchased 12% bonds, having a maturity value of $500,000, for $537,907.40. The bonds provide the bondholders with a 10% yield.

Calculate the items for this proposed equipment purchase : Would you recommend the acceptance of this proposal? Why or why not? Prepare a short, double-spaced paper in MS Word elaborating on and supporting your answer.

User Account

All Pages

Prepare the journal entry to record the recognition

Reference no: EM131116159

Reference no: EM131116159

Questions Cloud

Reviews

Write a Review

Accounting Basics Questions & Answers

How much control does fed have over this longer real rate

Coures:- fundamental accounting principles

Accounting problems

Theory of interest - term structure of interest rates

Write a report on internal controls

Prepare the bank reconciliation for company

Cost-benefit analysis

Theory of interest

Liquidity and profitability

What is the expected risk premium on the portfolio

Simple interest and compound interest

Capm and venture capital

Assured A++ Grade

Academics

Major Subjects

Majors

Get In Touch

TERMS & POLICIES

HELP & SUPPORT