Journal entry for a endowment

Assignment Help Accounting Basics
Reference no: EM13142798

What is the journal entry for a endowment that was invested in $95,000 of par value City of Jackson 6 percent bonds at 103 plus accrued interest of $823.

Reference no: EM13142798

Questions Cloud

Think about a behavior : Think about a behavior that has been learned (e.g., your dog learning to sit, your mouth salivating at the sight of the Domino's car pulling up in front of your house, etc.).
Partnership interest at the end of specific year : At the end of the year, Roger's share of partnership liabilities increased by $20,000. Roger's basis in the partnership interest at the end of the year is:
What do you see as the basic values : What do you see as the basic values that underlie this approach to solving the access to care problem? Do these values align with specific political perspectives?
One aspect of raising healthy children is understanding : One aspect of raising healthy children is understanding how to best provide correction when they make poor choices or behave in unacceptable ways. Over the years, there has been much debate over the most effective form of punishment for children
Journal entry for a endowment : What is the journal entry for a endowment that was invested in $95,000 of par value City of Jackson 6 percent bonds at 103 plus accrued interest of $823.
Different people read the same story : Explain how and why multiple interpretations can occur when different people read the same story. 100 - 150 words
Prepare the reversing entry : At October 31, Nathan Company made an accrued expense adjusting entry of $1,400 for salaries. Prepare the reversing entry on November 1, and indicate the balances in Salaries Payable and Salaries Expense after posting the reversing entry.
Amount of social security taxes : Ben and Jack both earned $60,000 this year. Ben (age 30) is married with two children, and Jack (age 68) is single with no dependents. Which of the following is true regarding the amount of Social Security taxes they will pay?
Depreciation for each of the five years : A machine costing $50,000 with a 5-year life and $5,000 residual value was purchased January 2, 2007. Compute depreciation for each of the five years, using the declining-balance method at twice the straight-line rate.

Reviews

Write a Review

Accounting Basics Questions & Answers

  How much control does fed have over this longer real rate

Hubbard argues that the Fed can control the Fed funds rate, but the interest rate that is important for the economy is a longer-term real rate of interest.   How much control does the Fed have over this longer real rate?

  Coures:- fundamental accounting principles

Coures:- Fundamental Accounting Principles: - Explain the goals and uses of special journals.

  Accounting problems

Accounting problems,  Draw a detailed timeline incorporating the dividends, calculate    the exact Payback Period  b)   the discounted Payback Period. the IRR,  the NPV, the Profitability Index.

  Write a report on internal controls

Write a report on Internal Controls

  Prepare the bank reconciliation for company

Prepare the bank reconciliation for company.

  Cost-benefit analysis

Create a cost-benefit analysis to evaluate the project

  Theory of interest

Theory of Interest: NPV, IRR, Nominal and Real, Amortization, Sinking Fund, TWRR, DWRR

  Liquidity and profitability

Distinguish between liquidity and profitability.

  What is the expected risk premium on the portfolio

Your Corp, Inc. has a corporate tax rate of 35%. Please calculate their after tax cost of debt expressed as a percentage. Your Corp, Inc. has several outstanding bond issues all of which require semiannual interest payments.

  Simple interest and compound interest

Simple Interest, Compound interest, discount rate, force of interest, AV, PV

  Capm and venture capital

CAPM and Venture Capital

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd