subject
Business, 27.03.2021 04:40 rosieanneanney

Cupola Fan Corporation issued 12%, $550,000, 10-year bonds for $525,000 on June 30, 2021. Debt issue costs were $3,000. 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 $530,000. The corporation uses the straight-line method both to determine interest expense and to amortize debt issue costs. Required:Prepare the journal entry to record the issuance of the bonds, the payment of interest and amortization of debt issue costs on December 31, 2018 & 2019, and the call of the bonds.

ansver
Answers: 3

Another question on Business

question
Business, 22.06.2019 01:30
Emil motycka is considered an entrepreneur because
Answers: 2
question
Business, 22.06.2019 03:00
If you were running a company, what are at least two things you could do to improve its productivity.
Answers: 1
question
Business, 22.06.2019 08:30
Which actions can you improve your credit score? (multiple can be selected)having a good credit score should be your prime objective as credit companies analyze your creditworthiness before giving you a loan. there are certain guidelines you can follow to ensure you have a good credit score. always pay your mortgage interest on time. if you are a student, make student loan inquiries before taking any loan. if you have multiple credit cards, manage them judiciously. maintain a healthy balance in your bank account.1. always pay your mortgage interest on time.2. if you are a student, make student loan inquiries before taking any loan.3. if you have multiple credit cards, manage them judiciously.4. maintain a healthy balance in your bank account.
Answers: 1
question
Business, 22.06.2019 09:00
How does the plaintiff, mrs. wood, try to implicate the gun manufacturer ( who testifies, what do they say, what evidence is introduced)?
Answers: 2
You know the right answer?
Cupola Fan Corporation issued 12%, $550,000, 10-year bonds for $525,000 on June 30, 2021. Debt issue...
Questions
question
Mathematics, 20.04.2021 04:20
question
Mathematics, 20.04.2021 04:20
question
Mathematics, 20.04.2021 04:20