Business, 19.04.2020 23:10 leoisawesome18

On January 1, 2020, Waterway Company purchased 10% bonds having a maturity value of $260,000, for $280,761.26. The bonds provide the bondholders with a 8% yield. They are dated January 1, 2020, and mature January 1, 2025, with interest received on January 1 of each year. Waterway Company uses the effective-interest method to allocate unamortized discount or premium. The bonds are classified in the held-to-maturity category.
A)Prepare the journal entry at the date of the bond purchase.
B)Prepare a bond amortization schedule.
C)Prepare the journal entry to record the interest revenue and the amortization at December 31, 2020.
D)Prepare the journal entry to record the interest revenue and the amortization at December 31, 2021.

Answers: 1

Show answers

Another question on Business

Business, 22.06.2019 00:50

Hanna intends to give her granddaughter, melodee, her antique hat pin. this heirloom has been kept under lock and key in the wall vault in the library of hanna's house in virginia. the hat pin is currently the only item in the vault. when hanna is visiting melodee in connecticut, hanna gives melodee the only key to the vault. melodee is grateful for the present and excitedly accepts. in this situation has there been a completed gift?

Answers: 3

Answer

Business, 23.06.2019 07:50

Anew joint command and control system is being developed to meet the strategic information needs of all the military services. the air force is the lead service, but the army and navy have different points of view about what functions the system should perform. which one of the software acquisition best practices would be most relevant in managing this issue as the program office undertakes system development?

Answers: 3

Answer

Business, 23.06.2019 12:00

Whats a person that is involved in the business of buying and selling home

Answers: 2

Answer

Business, 23.06.2019 12:30

Match each type of insurance with an example of when the insurance company would make a payment.a.liability coverageyou cause an accident that damages someone else's car.b.disability insuranceyou go to the emergency room after a car accident.c.renter's insuranceyour stereo and computer are stolen from your apartment.d.health insuranceyou have to take a month off from work because of a broken leg.

Answers: 3

Answer

You know the right answer?

On January 1, 2020, Waterway Company purchased 10% bonds having a maturity value of $260,000, for $2...

Questions