subject
Business, 30.11.2019 06:31 genyjoannerubiera

Sehr company issued $500,000, 6%, 30-year bonds on january 1, 2022, at 103. interest is payable annually on january 1. sehr uses straight-line amortization for bond premium or discount.
required :
prepare the journal entries to record the following events.
(a) the issuance of the bonds.
(b) the accrual of interest and the premium amortization on december 31, 2022.
(c) the payment of interest on january 1, 2023.
(d) the redemption of the bonds at maturity, assuming interest for the last interest period has been paid and recorded.

ansver
Answers: 1

Another question on Business

question
Business, 22.06.2019 03:10
Beswick company your team is allocated a project involving a major client, the beswick company. although the organization has many clients, this client, and project, is the largest source of revenue and affects the work of several other teams in the organization. the project requires continuous involvement with the client, so any problems with the client are immediately felt by others in the organization. jamie, a member of your team, is the only person in the company with whom this client is willing to deal. it can be said that jamie has:
Answers: 2
question
Business, 22.06.2019 06:10
Information on gerken power co., is shown below. assume the company’s tax rate is 40 percent. debt: 9,400 8.4 percent coupon bonds outstanding, $1,000 par value, 21 years to maturity, selling for 100.5 percent of par; the bonds make semiannual payments. common stock: 219,000 shares outstanding, selling for $83.90 per share; beta is 1.24. preferred stock: 12,900 shares of 5.95 percent preferred stock outstanding, currently selling for $97.10 per share. market: 7.2 percent market risk premium and 5 percent risk-free rate. required: calculate the company's wacc. (do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.) wacc %
Answers: 2
question
Business, 22.06.2019 10:30
Issued to the joint planning and execution community (jpec) initiates the development of coas; it also requests that the supported ccdr submit a commander's estimate of the situation with a recommended coa to resolve the situation (joint force command and staff participation in the joint operation planning and execution system, page 10)
Answers: 2
question
Business, 22.06.2019 18:50
Dominic is the founder of an innovative "impromptu catering" business that provides elegant, healthy party food and decorations on less than 24 hours' notice. the company has grown by over 150 percent in the past year. dominic credits some of the company's success to studying the strategies of prominent social entrepreneurs, such as wikipedia's jimmy wales. what can dominic do to exemplify the social entrepreneurship model?
Answers: 2
You know the right answer?
Sehr company issued $500,000, 6%, 30-year bonds on january 1, 2022, at 103. interest is payable annu...
Questions
question
Mathematics, 08.11.2019 19:31
question
History, 08.11.2019 19:31
question
Mathematics, 08.11.2019 19:31
Questions on the website: 13722363