User Account

All Pages

Make the adjusting general journal entry for the six-months

Assignment Help Accounting Basics
Reference no: EM132626613

Question - Alpha Company purchased a $1,000, 5 years, 6% bond on July 1, 2019 for $940. Interest is paid semi-annually on June 30 and Dec ember 31. The straight line method of amortization is used for both premiums & discounts. Use this information to make the adjusting General Journal entry for the six-months ended December 31, 2019. If no entry is required then write "No Entry Required."

Reference no: EM132626613

Questions Cloud

Compute the cost of the ending inventory : Weatherall Company made three purchases of merchandise in the following sequence: (1) 200 units at $7, Compute the cost of the ending inventory
Define cultural conflicts between the family and program : Chapter 10 begins, "in today's United States, there is no typical family; rather, there is a vast diversity of family structures in which children develop.
What is child and development psychology : What is Child and Development Psychology? What are the specific theories?
What value should the land be recorded in clairemont repair : What value should the land be recorded in Clairemont Repair Service's records? On February 3, Clairemont Repair Service extended an offer of $169,000 for land
Make the adjusting general journal entry for the six-months : The straight line method of amortization is used for both premiums & discounts. Use this information to make the adjusting General Journal entry for six-months
Identifying the accounts in the trial balance : Identify the two methods of recording inventory transactions and how you can differentiate between the two by identifying the accounts in the trial balance.
Describe the test of control for cash receipts : Describe the test of control for cash receipts and sales. In your response state the assertion that is measured and provide an example of the test of control.
Find what type of adjustment will building management : Find What type of adjustment will building management make to their trial balance worksheet for the $3,000 they paid their landscaper up front for work
Compute the cost of the ending inventory : Question - Compute the cost of the ending inventory under the average-cost method, assuming there are 370 units on hand

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