Journalize the issuance of the bonds

Assignment Help Accounting Basics
Reference no: EM132608066

Question - On January 1, 2020, Ultra Vision Corp. issued $1,390,000 of 20-year 8.5% bonds that pay interest semiannually on June 30 and December 31. Assume the bonds were sold at (1) 96, and (2) 104. Journalize the issuance of the bonds at 96 and 104.

Reference no: EM132608066

Questions Cloud

Find what is mackenzie effective annual rate cost : Credit terms are 4/10, net 45 and Mackenzie pays on day 40. Using a 365 day year, what is Mackenzie's Effective Annual Rate (EAR) cost of trade credit?
Incremental analysis is used to help companies : Incremental analysis is used to help companies make decisions involving a choice among alternative courses of action.
Prepare profit statement to show the actual results : If absorption costing is used, the predetermined fixed production, Using marginal costing, prepare profit statement to show the actual results for the period.
What are e-cigarettes : What are e-cigarettes? What are the risks of e-cigarettes for kids, teens, and young adults? Do you think e-cigarettes ate safer than cigarettes,
Journalize the issuance of the bonds : On January 1, 2020, Ultra Vision Corp. issued $1,390,000 of 20-year 8.5% bonds. Journalize the issuance of the bonds
Find what is the current value of ebeling the stock : 0.03, next year, and 0.07 for every year after that. If Ebeling has a required rate of return of 0.12, what is the current value of Ebeling's the stock?
Formal and informal communication in the workplace : What cues in the workplace can help you decipher how formal your communication should be in a given context?
Prepare bank reconciliation statement reconciling kay rogan : Prepare bank reconciliation statement reconciling Kay Rogan's corrected cash book with her bank statement at 30th November 2018.
Find the unadjusted balance of the Investment in BGC : The home office failed to take up a P12,000 credit memo from the branch. Find the unadjusted balance of the Investment in BGC

Reviews

Write a Review

Accounting Basics Questions & Answers

  What is the forecast for may based on a weighted moving

what is the forecast for may based on a weighted moving average applied to the following past-demand data and using the

  How much depreciation expenses that would be recorded

How much depreciation expenses that would be recorded for the years 2007 through 2011 using each of the following methods

  What would the companys manufacturing overhead be comprised

1. does the company use job order or process costing?2.what are the direct materials for the company? list3.what would

  What are the various internal control procedures

What are the various internal control procedures with respect to cash receipts and payments? What is internal control and how can it protect a company's assets

  On february 12 6000 shares of lucas company are acquired at

on february 12 6000 shares of lucas company are acquired at aprice of 22 per share plus a 240 brokerage fee. on april22

  How costs are allocated to mission centers

If your nonprofit organization uses the direct distribution method to allocate your indirect costs to mission centers, how costs allocated to mission centers

  Prepare volkswagen journal entry to record its depreciation

Volkswagen Group reports the following information for property, plant and equipment as of December 31, 2008, along with additions, disposals, depreciation.

  Compute the goodwill associated with the purchase

The Marino Company had the following balance sheet on January 1, 2010:

  Journalize the entries by abbott corporation to record

Journalize the entries by Abbott Corporation to record

  Todd inc is in the process of developing a transfer price

todd inc. is in the process of developing a transfer price for a part produced by dept. a and used by other departments

  What is the appropriate accounting

XYZ Company has some leases on buildings that are structured so they do not have to be reported on the balance sheet as assets and liabilities

  How would you improve internal controls of companies

The auditor identified a material misstatement in the financial statements that was not detected by management of the company.

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