McCoy's Building Supplies built a new headquarters to support its surging sales growth. McCoy issued a 10 year bond at 100 with a stated rate of 5% and a face value of 100,000 on January 1, 2016. Payments are due semi-annually. On January 1, 2017, Emmett McCoy wanted to see the financial statements for 2016. Based upon the information provided answer the following question: How much were the cash interest payments in 2016

Describe how to write a main idea expressed as a bottom-line statement

Below are the steps in the measurement process of external transactions. arrange them from first (1) to last (6). event step post transactions to the general ledger. assess whether the transaction results in a debit or credit to account balances. use source documents to identify accounts affected by an external transaction. analyze the impact of the transaction on the accounting equation. prepare a trial balance. record the transaction in a journal using debits and credits.

The following cost and inventory data are taken from the accounting records of mason company for the year just completed: costs incurred: direct labor cost $ 90,000 purchases of raw materials $ 134,000 manufacturing overhead $ 205,000 advertising expense $ 45,000 sales salaries $ 101,000 depreciation, office equipment $ 225,000 beginning of the year end of the year inventories: raw materials $ 8,100 $ 10,300 work in process $ 5,900 $ 21,000 finished goods $ 77,000 $ 25,800 required: 1. prepare a schedule of cost of goods manufactured. 2. prepare the cost of goods sold section of mason company’s income statement for the year.