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Matt Perry, Inc. had outstanding $6,134,000 of 12% bonds (interest payable July 31 and January 31) due in 10 years. On July 1, it issued $9,010,000 of 10%, 15-year bonds (interest payable July 1 and January 1) at 99. A portion of the proceeds was used to call the 12% bonds at 103 on August 1. Unamortized bond discount and issue cost applicable to the 12% bonds were $139,000 and $36,200, respectively. Prepare the journal entries necessary to record issue of the new bonds and the refunding of the bonds. (Round answers to 0 decimal places, e.g. 38,548. If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts. Credit account titles are automatically indented when amount is entered. Do not indent manually.)
tingey industries sells merchandise on a batch basis to dealers. the selling price of the merchandise averages 25
you want to buy a new sports coupe for 75600 and the finance office at the dealership has quoted you a loan with an apr
question helix company produces various products in its factory adding a karate robe. the company uses a standard cost
Which of the following industries would most likely have the highest ratio of sales revenue to property, plant and equipment?
likely level of long-term debt and equity financing.miletkov companys total assets fluctuate between 320000 and 410000
1.On March 1, 2011, a company paid a $18,000 premium on a 36 month insurance policy for coverage beginning on that date. Refer to that policy and fill in the blanks in the followingt able.
George's Warehouse signed a six-year capital lease on January 1, 2012, with payments due every December 31. Interest is calculated annually at 10%, and the present value of the minimum lease payments is $11,220. Calculate the amount of the lease obli..
calculation of depreciation under slm.hendricks construction purchased a crane on january1 2007 for 102750. at the time
Tee Times, Inc. produces and sells the finest quality golf clubs in all of Moore County. The company has priced its Pinehurst No. 2 Series golf clubs at $600 per set. Normally, an order consists of one set of clubs. What is the number of orders the c..
The Gallo Company uses a flexible budget and standard costs to aid planning and control of its machining manufacturing operations. Variable manufacturing overhead spending variance. Describe how Gallo’s control of variable manufacturing overhead ite..
A company requisitioned $40,000 of materials during the year and incurred direct labor charges of $50,000. If the company began the year with a work-in-process inventory balance of $15,000 and applied overhead of $60,000, what is the ending balance o..
A company borrowed $60,000 by signing a 60-day, 10% note payable from its bank. Compute total cash payment due on the note's maturity date.
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