User Account

All Pages

Journalize first interest payment using straight line method

Assignment Help Accounting Basics
Reference no: EM131794095

Probem

Saverin inc issued a $62,500,000 bond on July 1 with a 9% rate, while market rates are 8%. Receiving cash of $66,747,178. Interest on the bonds is payable semiannually on Dec 31 and June 30. The fiscal year of the co is the calendar year. I was able to record the journal entries from the cash proceeds but now I need to journalize the first interest payment using the straight line method.

Reference no: EM131794095

Questions Cloud

Calculate the total number of hours for each type of staff : Calculate the total number of hours for EACH type of professional staff in 2002. Calculate the total compensation for EACH type of professional staff for 2002.
Identify any potential problems for terry or the corporation : On March 2, the two 50% shareholders of a calendar year corporation decide to elect S status. Identify any potential problems for Terry or the corporation
Special vacuum cleaners for conveniently cleaning : The Lincoln Company, Inc., produces special vacuum cleaners for conveniently cleaning the inside of cars.
What is the firm depreciation and amortization expense : The LGH Corp. announced that, for the period ending March 31, 2011, it had earned income after taxes worth $2, 768, 028.25 on revenues of $13, 144, 680.
Journalize first interest payment using straight line method : I was able to record the journal entries from the cash proceeds but now I need to journalize the first interest payment using the straight line method.
Explain the type of internal communication : Explain the type of internal communication and the purpose for the internal communication
What amount would the company report as its receivable : What amount would the company report as its receivable accounts on December 31
Discussion participation scoring guide : Discussion Participation Scoring Guide. Explain why it should be included as a revenue or expense in a business organization.
Discuss the importance of liquidity ratios : Discuss the importance of liquidity ratios in short-term financial decision making - List ten internal controls that an organization should have

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.

  Theory of interest - term structure of interest rates

Term Structure of Interest Rates

  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!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +1-415-670-9521

Phone: +1-415-670-9521

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

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