Business, 15.02.2021 20:00 hahahwha

Cupola Fan Corporation issued 10%, $510,000, 10-year bonds for $489,000 on June 30, 2021. Debt issue costs were $2,600. Interest is paid semiannually on December 31 and June 30. One year from the issue date (July 1, 2022), the corporation exercised its call privilege and retired the bonds for $495,000. The corporation uses the straight-line method both to determine interest expense and to amortize debt issue costs. Required:
a. Prepare the journal entry to record the issuance of the bonds.
b. Prepare the journal entries to record the payment of interest and amortization of debt issue costs on December 31, 2021.
c. Prepare the journal entries to record the payment of interest and amortization of debt issue costs on June 30, 2021.
d. Prepare the journal entry to record the call of the bonds.

Answers: 1

Show answers

Another question on Business

Business, 22.06.2019 04:10

An outside manufacturer has offered to produce 60,000 daks and ship them directly to andretti's customers. if andretti company accepts this offer, the facilities that it uses to produce daks would be idle; however, fixed manufacturing overhead costs would be reduced by 75%. because the outside manufacturer would pay for all shipping costs, the variable selling expenses would be only two-thirds of their present amount. what is andretti's avoidable cost per unit that it should compare to the price quoted by the outside manufacturer?

Answers: 3

Answer

Business, 22.06.2019 12:40

Alarge tank is filled to capacity with 500 gallons of pure water. brine containing 2 pounds of salt per gallon is pumped into the tank at a rate of 5 gal/min. the well-mixed solution is pumped out at the same rate. find the number a(t) of pounds of salt in the tank at time t.

Answers: 3

Answer

Business, 22.06.2019 20:40

David consumes two things: gasoline (g) and bread (b). david's utility function is u(g, b) = 10g^0.25 b^0.75. use the lagrange technique to solve for david's optimal choices of gasoline and bread as a function of the price of gasoline, p_g, the price of bread, p_b, and his income m. with recent decrease in the price of gasoline (maybe due to external shock such as shale gas production) does david increase his consumption of gasoline? for david, how does partial differential g/partial differential p_g depend on his income m? that is, how does david's change in gasoline consumption due to an increase in the price of gasoline depend on his income level? to answer these questions, find the cross-partial derivative, |partial differential^2 g/partial differential m partial differential p_g.

Answers: 1

Answer

Business, 22.06.2019 22:00

The following table gives the map coordinates and the shipping loads for a set of cities that we wish to connect through a central hub.,(7,(4,(7,(6,(2,( 2,) for the location of the proposed new central hub, the coordinates should be near: x==) if the shipments from city a double, for the location of the proposed new central hub, the coordinates should be near: x==.926.865.017.21

Answers: 1

Answer

You know the right answer?

Cupola Fan Corporation issued 10%, $510,000, 10-year bonds for $489,000 on June 30, 2021. Debt issue...

Questions