Business, 13.07.2020 21:01 psychocatgirl1
On January 1, 2018, Brussels Enterprises issues bonds at par dated January 1, 2018, that have a $3,400,000 par value, mature in 4 years, and pay 9% interest semiannually on June 30 and December 31.
Required:
a. Record the entry for the issuance of bonds for cash on January 1, 2018.
b. Record the entry for the first semiannual interest payment on June 30, 2018.
c. Record the entry for the second semiannual interest payment on December 31, 2018.
d. Record the entry for the maturity of the bonds on December 31, 2021 (assume semiannual interest is already recorded).
Answers: 3
Another question on Business
Business, 21.06.2019 22:10
There are more than two types of bachelors’ degrees true or false?
Answers: 1
Business, 22.06.2019 12:50
Salaries are $4,500 per week for five working days and are paid weekly at the end of the day fridays. the end of the month falls on a thursday. the accountant for dayton company made the appropriate accrual adjustment and posted it to the ledger. the balance of salaries payable, as shown on the adjusted trial balance, will be a (assume that there was no beginning balance in the salaries payable account.)
Answers: 1
Business, 22.06.2019 21:00
On july 2, year 4, wynn, inc., purchased as a short-term investment a $1 million face-value kean co. 8% bond for $910,000 plus accrued interest to yield 10%. the bonds mature on january 1, year 11, and pay interest annually on january 1. on december 31, year 4, the bonds had a fair value of $945,000. on february 13, year 5, wynn sold the bonds for $920,000. in its december 31, year 4, balance sheet, what amount should wynn report for the bond if it is classified as an available-for-sale security?
Answers: 3
Business, 22.06.2019 21:10
Upon completion of the northwest-corner rule, which source-destination cell is guaranteed to be occupied? a. top-leftb. the cell with the lowest shipping costc. bottom-leftd. top-righte. bottom-right
Answers: 1
You know the right answer?
On January 1, 2018, Brussels Enterprises issues bonds at par dated January 1, 2018, that have a $3,4...
Questions
English, 09.12.2020 21:10
History, 09.12.2020 21:10
English, 09.12.2020 21:10
English, 09.12.2020 21:10
History, 09.12.2020 21:10
Mathematics, 09.12.2020 21:10
Mathematics, 09.12.2020 21:10
