The teal company issued $310,000 of 10% bonds on january 1, 2017. the bonds are due january 1, 2022, with interest payable each july 1 and january 1. the bonds were issued at 99. prepare the journal entries for (a) january 1, (b) july 1, and (c) december 31. assume the teal company records straight-line amortization semiannually. (if no entry is required, select "no entry" for the account titles and enter 0 for the amounts.

Miko willingly admits that she is not an accountant by training. she is concerned that her balance sheet might not be correct. she has provided you with the following additional information. 1. the boat actually belongs to miko, not to skysong, inc.. however, because she thinks she might take customers out on the boat occasionally, she decided to list it as an asset of the company. to be consistent, she also listed as a liability of the corporation her personal loan that she took out at the bank to buy the boat. 2. the inventory was originally purchased for $27,500, but due to a surge in demand miko now thinks she could sell it for $39,600. she thought it would be best to record it at $39,600. 3. included in the accounts receivable balance is $11,000 that miko loaned to her brother 5 years ago. miko included this in the receivables of skysong, inc. so she wouldn’t forget that her brother owes her money. (b) provide a corrected balance sheet for skysong, inc.. (hint: to get the balance sheet to balance, adjust stockholders’ equity.) (list assets in order of liquidity.)

Why should managers invest any excess cash

When the amount for land is 36,000 and the amount paid for expenses is 10,000, the balance of total asset is