Claire Corporation is planning to issue bonds with a face value of $290,000 and a coupon rate of 10 percent. The bonds mature in two years and pay interest quarterly every March 31, June 30, September 30, and December 31. All of the bonds were sold on January 1 of this year. Claire uses the effective-interest amortization method and also uses a discount account. Assume an annual market rate of interest of 12 percent. a. Provide the journal entry to record the issuance of the bonds. b. Provide the journal entry to record the interest payment on March 31, June 30, September 30, and December 31 of this year. c. What bond payable amount will Claire report on this year's December 31 balance sheet?
Answers: 1
Business, 22.06.2019 10:10
Ursus, inc., is considering a project that would have a five-year life and would require a $1,650,000 investment in equipment. at the end of five years, the project would terminate and the equipment would have no salvage value. the project would provide net operating income each year as follows (ignore income taxes.):
Answers: 1
Business, 22.06.2019 11:00
Aprofessional does specialized work that's primarily: degree based. medical or legal. well paying. intellectual and creative
Answers: 2
Business, 22.06.2019 11:40
If kroger had whole foods’ number of days’ sales in inventory, how much additional cash flow would have been generated from the smaller inventory relative to its actual average inventory position? round interim calculations to one decimal place and your final answer to the nearest million.
Answers: 2
Business, 22.06.2019 14:50
The following information is needed to reconcile the cash balance for gourmet catering services. * a deposit of $5,600 is in transit. * outstanding checks total $1,000. * the book balance is $6,400 at february 28, 2019. * the bookkeeper recorded a $1,800 check as $17,200 in payment of the current month's rent. * the bank balance at february 28, 2019 was $17,410. * a deposit of $400 was credited by the bank for $4,000. * a customer's check for $3,300 was returned for nonsufficient funds. * the bank service charge is $90. what was the adjusted book balance?
Answers: 1
Claire Corporation is planning to issue bonds with a face value of $290,000 and a coupon rate of 10...
Mathematics, 18.03.2021 01:10
Mathematics, 18.03.2021 01:10
History, 18.03.2021 01:10
Mathematics, 18.03.2021 01:10
Mathematics, 18.03.2021 01:10
Geography, 18.03.2021 01:10
Mathematics, 18.03.2021 01:10
Social Studies, 18.03.2021 01:10
Mathematics, 18.03.2021 01:10
Advanced Placement (AP), 18.03.2021 01:10