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Journalize the entries to record the following selected bond investment transactions for Olson Technologies: For all journal entries: If an amount box does not require an entry, leave it blank.
a. Purchased for cash $90,000 of Hart Industries 7% bonds at 100 plus accrued interest of $1,050b. Received first semiannual interest.c. Sold $60,000 of the bonds at 102 plus accrued interest of $750.
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Mary, a U.S. citizen owned 25% of the stock of Floran Corporation, an electing S corporation. At the time of her death, the Floran stock may go to all the following without affecting the S election except
one of the many changes in the business environment in current years that has had significant impact on cost management
How much should the company increase its Debt Investments account for these bonds and what amount should be reported as a charge against income in the income statement if the company is in the first year of operations?
a new operating system for an existing machine is expected to cost 270000 and have a useful life of five years. the
adams co. uses the following standard to produce a single unit of its productvariable overhead 2 hrs. 3.1hr. 6.2
at the end of 2012 henderson co. has accounts receivable of 751830 and an allowance for doubtful accounts of 66970. on
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wendells donut shoppe is investigating the purchase of a new 33700 donut-making machine. the new machine would permit
On September 1, 2006, Sam's Shoe Co. issued $350,000 of 8% bonds. The bonds pay interest semiannually on January 1 and July 1 of each year. The bonds were sold at the face amount. How much cash did Sam's receive upon sal of the bonds?
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