Business, 21.12.2019 21:31 hayleymckee

Accounting problem

on jan. 1, 2017, healthcompany, inc. has issued $600,000, of 10% bonds, due in 5 years. the bonds pay interest semi-annually on july 1 and january 1. the bonds effective yield 8%. healthcompany uses the effective-interest method (use present value tables to ). prepare healthcompany's journal entries for a thru c.
a. the january 1 issuance
b. the july 1 interest payment
c. the december 31 adjusting journal entry
d. prepare a full bond amortization schedule

on jan. 1, 2017, healthcompany, inc. issued $600,000 of 10% bonds, due in 5 years. the bonds pay interest semi-annually on july 1 and january 1. the bonds effective yield 12%. healthcompany uses the effective-interest method (see pv tables next page). prepare healthcompany’s journal entries for a thru c.
a. the january 1 issuance
b. the july 1 interest payment
c. the december 31 adjusting journal entry
d. prepare a full bond amortization schedule

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Accounting problem

on jan. 1, 2017, healthcompany, inc. has issued $600,000, of 10% bond...

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