Business, 19.03.2021 23:00 rebtav

Spring Company issues $725,000 of 4%, four-year bonds dated January 1, 2015, that pay interest semiannually on June 30 and December 31. The market rate is 6% at the issue date. Bonds are sold a 94% Break Company issues $900,000 of 10%, four-year bonds dated January 1, 2015, that pay interest semiannually on June 30 and December 31. The market rate is 6% at the issue date. Bonds are sold a 114%

Required for EACH company

Prepare the January 1, 2015, journal entry to record the bonds' issuance.
Determine the total bond interest expense to be recognized over the bonds' life.
Prepare a straight-line amortization table for the bonds' first two years.
Prepare the journal entries to record the first two interest payments.

Spring Company issues $725,000 of 4%, four-year bonds dated January 1, 2015, that pay interest semi

Answers: 2

Show answers

Another question on Business

Business, 21.06.2019 13:30

Employees who are paid to complete a task, such as build a house, are paid on a(n) basis

Answers: 1

Answer

Business, 21.06.2019 14:50

The maximum amount of money that a consumer can charge on a credit card is called the

Answers: 2

Answer

Business, 21.06.2019 19:50

Suppose your rich uncle gave you $50,000, which you plan to use for graduate school. you will make the investment now, you expect to earn an annual return of 6%, and you will make 4 equal annual withdrawals, beginning 1 year from today. under these conditions, how large would each withdrawal be so there would be no funds remaining in the account after the 4th?

Answers: 1

Answer

Business, 22.06.2019 02:20

The following information is available for juno company for the month ending june 30, 2019. * balance as per the bank statement is $ 11 comma 000. * balance as per books is $ 10 comma 400. * check #506 for $ 1 comma 200 and check #510 for $ 900 were not shown on the june 30, bank statement. * a deposit in transit of $ 3 comma 346 had not been received by the bank when the bank statement was generated. * a bank debit memo indicated an nsf check for $ 70 written by jane smith to juno company on june 13. * a bank credit memo indicated a note collected by the bank of $ 1 comma 900 and interest revenue of $ 51 on june 20. * the bank statement indicated service charges of $ 35. what is the adjusted book balance?

Answers: 3

Answer

You know the right answer?

Spring Company issues $725,000 of 4%, four-year bonds dated January 1, 2015, that pay interest semia...

Questions