What is the entry to record the issuance of the bonds

Assignment Help Financial Accounting

Reference no: EM131288734

On January 1 a corporation issue for cash 1000,000 of 6% five year bonds with interest of 3000 payable semiannually the market rate of the interest at the time the bonds are issued is 5%. Assume the bonds sell for 103,769. what is the entry to record the issuance of the bonds?

Reference no: EM131288734

Questions Cloud

What effect does this have on the valuation of the stock : What is the relationship between the discount rate applied to a stock's future cash flows and the value of a stock? If the dividends per share of a stock are not expected to grow, what effect does this have on the valuation of the stock

Identify how you would expect those issues to show up : Identify a specific psychiatric disorder (e.g., anxiety), physical disability (e.g., hearing impairment), educational disorder(e.g., reading disorder) or cultural/environment issue (e.g., nonEnglish speaking home environment) and describe how you w..

System of marketable pollution permits : uppose two firms operate under a system of marketable pollution permits. If it costs Firm A $25 to reduce pollution by 1,000 units per day, and Firm B can reduce costs by $35 by increasing pollution by 1,000 units per day

Determining whether to borrow today or postpone borrowing : A corporate treasurer is considering borrowing funds for 10 years. How can the corporate treasurer use forward rates in determining whether to borrow today or postpone borrowing? Why are "biased" expectation theories of the term structure of inter..

What is the entry to record the issuance of the bonds : On January 1 a corporation issue for cash 1000,000 of 6% five year bonds with interest of 3000 payable semiannually the market rate of the interest at the time the bonds are issued is 5%. Assume the bonds sell for 103,769. what is the entry to record..

Passed the sarbanes oxley act : The weekly readings say that the government is "very concerned about fraud". As part of this concern, they passed the Sarbanes Oxley act of 2002 (SOX) in response to various accounting scandals. One criteria for controls is that they should be cost-b..

How large for a 99 percent confidence level : Assuming a confidence interval of 5, how large should the sample of households be when desiring a 95 percent confidence level? How large for a 99 percent confidence level?

Analyze any challenges you might have applying this theory : Identify the theory you chose and provide a rationale as to why you have selected this career theory.Describe the key components of your chosen career counseling theoretical framework.Analyze any challenges you might have applying this theory to the ..

Explain effect population size has on a required sample size : Again use a confidence interval of 5 and a 95 percent confidence level. Explain the effect population size has on a required sample size.

User Account

All Pages