On December 31, 2018 Brown Company issued $600,000 of 15-year, 11% bonds payable for $558,706, yielding an effective interest rate of 12%. Interest is payable semiannually on June 30 and December 31. Prepare journal entries to reflect (a) the issuance of the bonds, (b) the semiannual interest payment and discount amortization (straight-line interest method) on June 30, 2019. Round amounts to the nearest dollar. Date Description Post Ref Debit Credit On December 31, 2018, White Company issued $400,000 of five-year, 12% bonds payable for $430,887, yielding an effective interest rate of 10%. Interest is payable semiannually on June 30 and December 31. Prepare journal entries to reflect (a) the issuance of the bonds, and (b) the semiannual interest payment and premium amortization (straight-line interest method) on June 30, 2019. Round amounts to the nearest dollar.
Answers: 3
Business, 22.06.2019 17:50
Which of the following is an element of inventory holding costs? a. material handling costs b. investment costs c. housing costs d. pilferage, scrap, and obsolescence e. all of the above are elements of inventory holding costs.
Answers: 1
Business, 22.06.2019 22:00
Suppose that with a budget of $110, deborah spends $66 on sushi and $44 on bagels when sushi costs $2 per piece and bagels cost $2 per bagel. but then, the price of bagels falls to $1 per bagel.
Answers: 3
Business, 23.06.2019 02:00
Which type of unemployment would increase if workers lost their jobs because their positions were replaced by an automated process? a) cyclical b) frictional c) international d) structural
Answers: 1
Business, 23.06.2019 04:00
The biweekly taxable wages for the employees of rite shop follow. compute the fica taxes for each employee and the employers fica taxes
Answers: 1
On December 31, 2018 Brown Company issued $600,000 of 15-year, 11% bonds payable for $558,706, yield...
Physics, 23.12.2019 03:31
Mathematics, 23.12.2019 03:31
Chemistry, 23.12.2019 03:31
Mathematics, 23.12.2019 03:31
History, 23.12.2019 03:31
Arts, 23.12.2019 03:31
Chemistry, 23.12.2019 03:31
History, 23.12.2019 03:31
Mathematics, 23.12.2019 03:31
History, 23.12.2019 03:31
Mathematics, 23.12.2019 03:31
Health, 23.12.2019 03:31