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Question - Arrango borrows from the general public by issuing one thousand 3-year 10% bonds on January 1, 2013 at par (i.e., issues the bonds at face value). Each bond has a $1,000 face value and pays semi-annual interest on June 30 and December 31 of each year. The bonds are traditional in the sense that the entire principal repayment occurs at the maturity date of the bond issue.
a. What are the proceeds from the bond issue if investors require an 8% return on investment?
b. Prepare an amortization schedule for the bond issue using the effective interest method.
c. Make the JE for the June 30, 2013 interest payment.
At October 31, Nathan Company made an accrued expense adjusting entry of $1,400 for salaries. Prepare the reversing entry on November 1, and indicate the balances in Salaries Payable and Salaries Expense after posting the reversing entry.
during october alcorn company had 109750 of cash receipts and 107555 of cash disbursements. the october 31 cash balance
Does the warranty accrual decision create any ethical dilemma for Bly - Since warranty expenses vary, what percent do you think Bly should choose for the current year? Justify your response.
Research the certifications for our profession. These may include the CPA, the CIA, the CGFM or other recognized certifications. You may compare two or more certifications.
an abrogiation of the academics define
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1.welnor industrial gas corporation supplies acetylene and other compressed gases to industry. data regarding the
The company has also budgeted for labor of $130,000 with actual costs being $133,000. What is the expense variance and is it favorable or adverse
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