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INTEREST PAYMENTS AND INTEREST EXPENSE FOR BONDS (STRAIGHT LINE)
On December 31, 2007, Philips Corporation issued bonds with a total face amount of $800,000 and a stated rate of 9 percent.
Required:
1. Calculate the interest expense for 2008 if the bonds were sold at par.
2. Calculate the interest expense for 2008 if the bonds were sold at a premium and the straight-line premium amortization for 2008 is $2,300.
3. Calculate the interest expense for 2008 if the bonds were sold at a discount and the straight-line discount amortization for 2008 is $1,700.
nbspfrom the data prepare journal ledger trial balance financial statements.for the past several years dawn lytle has
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Months of January and February, Axe Corporation purchased goods from three sup- sequence of events was as follows: Purchased goods for $1,200 from Green with terms 2/10, n/30. Purchased goods from Munoz for $900 with terms 2/10, n/30. Paid Green in f..
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Making the journal entries to record merchandising operation's activities create the journal entries necessary to record the following eight transactions.
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Shamrock Company had net income of $30,000. On Jan 1, there were 8,000 shares of common stock outstanding. On April 1, the company issued an additional 2,000 shares of common stock. There were no other stock transactions. The company has earnings per..
Find what is total product costs incurred to make 10,000 units and evaluate total amount of period costs incurred to sell 10,000 units?
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