Reference no: EM13133456
Heathrow issues $200,000 of 6%, 15-year bonds dated January 1, 2011, that pay interest semiannually on June 30 and December 31st. The bonds are issued at a price of $1,728,224.
Required:
1. Prepare the January 1, 2011, journal entry to record the bonds’ issuance.
2. For each semiannual period, compute (a) the cash payment, (b) the straight-line discount amortization, and (c) the bond interest expense.
3. Determine the total bond interest expense to be recognized over the bonds’ life.
4. Prepare the first two years of an amortization table using the straight-line method.
5. Prepare the journal entries to record the first two interest payments.
Calculate the total amount of a cash dividend
: Calculate the total amount of a cash dividend of $1.00 per share. What accounts for the difference between issued shares and outstanding shares?
|
Vectors-resultant displacement
: A person walks 18m East and then 32m in a direction of 65 degrees N of E. What is the resultant displacement?
|
Are three events pairwise-independent events
: B is independent of C or not? Focus on probabilities assigned in the subsets, 0.05 is repeated in C, but 0.10 is repeated in B, so P(A∩C)=?
|
Discuss the validity and implications
: When questioned by the auditors, the CFO of ABC, Inc. mentioned "An asset is just an expense waiting to happen." Discuss the validity and implications of this statement.
|
Determine the total bond interest expense to be recognized
: Determine the total bond interest expense to be recognized over the bonds’ life. Prepare the first two years of an amortization table using the straight-line method.
|
Analysis of vectors
: A river 35 m wide flows south at a speed if 15 m/s. What must be the velocity and heading of the boat if it is to move directly from the west bank to the east bank in 5 seconds?
|
What was the actual fixed overhead incurred for may
: Stoker Corporation applies fixed overhead at the rate of $0.65 per unit. For May, budgeted fixed overhead was $524,745. The production volume variance amounted to $5,070 unfavorable, and the price variance was $11,100 unfavorable.
|
Find percentage of such males that weigh a given value
: Find the percentage of such males that weigh between 190 and 210 lb. (Note: Make sure you choose the flag value closest to 190 and 210.) Give the proportion as a decimal rounded to thousandths.
|
How much of the dividend was distributed to preferred share
: In 2007, Bell declared and paid dividends of $12,000. How much of the 2007 dividend was distributed to preferred shareholders?
|