Solution-Prepare the journal entry to record the sale of

Prepare the journal entry to record the sale of these bonds

Assignment Help Accounting Basics

Reference no: EM131811630

Meera Corporation issued 3,580, 8%, 5-year, $1,000 bonds dated January 1, 2014, at 100.

Prepare the journal entry to record the sale of these bonds on January 1, 2014. (Credit account titles are automatically indented when amount is entered. Do not indent manually.)

Date	Account Titles and Explanation	Debit	Credit
Jan. 1	cash	3580000
Bonds Payable		3580000

(b) Prepare the journal entry to record the first interest payment on July 1, 2014 (interest payable semiannually), assuming no previous accrual of interest. (Credit account titles are automatically indented when amount is entered. Do not indent manually.)

Reference no: EM131811630

Questions Cloud

Compute the weighted-average number of shares : Tomba Corporation had 571,800 shares of common stock outstanding on January 1, 2014. On May 1, Tomba issued 32,100 shares.

Describe three things you learned from the given video : Chemicals of Life Video. Watch Dr. Cox's video on the Chemicals of Life in the Instructor Insights area. Describe three things you learned from this video.

What is the total amount of payroll taxes : What is the total amount of payroll taxes that will be imposed on the employer for the payroll, assuming that two administrative employees with combined earning

Calculate the amount of total assets at january : The total assets of ZZ Inc. at January 1, 2002 amounted to $105,000. ZZ, Inc entered into the following transactions during January

Prepare the journal entry to record the sale of these bonds : Prepare the journal entry to record the sale of these bonds on January

Find the conditional probability : Let A1, .. .A20 be independent event each with probability 1/2. Let X be the number of events among the first 10 which occur and let Y be the number of events.

What will be the total tax of company a and company b : What will be the total tax of Company A and Company B? They have taxable income of $160,000 and $40,000 and are owned by the same individual.

Find the parameters of the binomial distribution : Show that for every n > 1, the conditional distribution of X1, given X1 + X2 = n, is binomial, and find the parameters of this binomial distribution.

Evaluate the milestones in the evolution of forensic science : Evaluate the milestones in the evolution of forensic science, and identify the three milestones you believe were major turning points supporting.

User Account

All Pages

Prepare the journal entry to record the sale of these bonds

Reference no: EM131811630

Reference no: EM131811630

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