Already have an account? Get multiple benefits of using own account!
Login in your account..!
Remember me
Don't have an account? Create your account in less than a minutes,
Forgot password? how can I recover my password now!
Enter right registered email to receive password!
Question - On April 1, 2016 Alpha Company sells $1,000,000 face value of 8% five year bonds which call for semiannual interest payments. The bonds are dated April 1, 2016 so these bonds are issued on an interest date. The market rate at the date of issue is 6%. Because the market rate is less than the bond will pay investors, the bond will sell for a premium. The total bond premium is $85,298. Use the straight line method of amortization of the bond premium. For simplicity, use a 360-day year and 3 day months for all calculations.
1. Record the journal entries for the issuance of the bonds
2. Record the journal entries for the first interest payment due on October 1, 2016. Assume that interest has not been accrued at each month end.
Dolan Manufacturing Company's accounting records reflect the following inventories:
(b) the units-of-output method, and (c) the double-declining-balance method. Also determine the total depreciation expense for the three years by each method. (Note: For DECLINING BALANCE ONLY, round the multiplier to four decimal places. Then round ..
selected account balances from the adjusted trial balance for olinda corporation as of its calendar year end december
Ollie Mace has recently been appointed controller of S. Dilley & Company, a family-owned manufacturing firm founded 28 years ago. The firm manufactures automotive parts. Its four major operating divisions are heat treating, extruding, small parts ..
adcock corp. had 500000 net income in 2007. on january 1 2007 there were 200000 shares of common stock outstanding. on
breyer company purchased packaging equipment on january 3 2010 for 101250. the equipment was expected to have a useful
at december 31 2012 redmond company has outstanding three long-term debt issues. the first is a 2033000 note payable
Cullumber has the land graded for $4100. They paid $25000 for paving of a parking lot. What amount does Cullumber record as the cost for the land
Describe the nature of the Income Summary account, and identify the types of summary data that may be posted to this account.
Compute the amount of over head cost that would have been charged to each project during May.
Qualitative considerations often play into capital investment analysis. Reflect on an investment that a company you are familiar with has made.
tern corporation a cash basis taxpayer has taxable income of 500000 for the current year. tern elected 100000 of sect
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!
whatsapp: +1-415-670-9521
Phone: +1-415-670-9521
Email: [email protected]
All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd