On 1st may 2013 green corporation issues 1000000 of 12

Assignment Help Financial Accounting

Reference no: EM13370625

On 1st May, 2013, Green Corporation issues $1,000,000 of 12% bonds, dated 1st January, 2013, for $975,000 plus accrued interest. The bonds mature on 31st December, 2027, and pay interest semiannually on June 30 and December 31. Green's fiscal year ends on 31st December each year.

1. Evaluate the amount of accrued interest that was included in the proceeds received from the bond sale. Show calculations
2. Prepare journal entry for issuance of the bonds.

Reference no: EM13370625

Questions Cloud

Bubbas crawfish processing corporation uses a traditional : bubbas crawfish processing corporation uses a traditional overhead allocation based on direct labor hours. for the

Hinrich entertainment distributes a dvd which sell for 12 : hinrich entertainment distributes a dvd which sell for 12 per unit. hinrich pays 7 per unit to buy product. selling

In month of may lopat company inc wrote checks in the : in month of may lopat company inc. wrote checks in the amount of 37000. in june checks in amount of 50632 were written.

Rosenberg manufacturing corp is considering marketing their : rosenberg manufacturing corp. is considering marketing their new hearing aid in city of big smoke. this device is

On 1st may 2013 green corporation issues 1000000 of 12 : on 1st may 2013 green corporation issues 1000000 of 12 bonds dated 1st january 2013 for 975000 plus accrued interest.

Costello corporation manufactures a particular product the : costello corporation manufactures a particular product. the standard cost per unit of product is shown below.direct

Lewis companys standard labor cost of producing one unit of : lewis companys standard labor cost of producing one unit of product dd is 3.60 hours at rate of 12.00 per hour. during

Kimm company has gathered the subsequent information about : kimm company has gathered the subsequent information about its product.direct materials each unit of product contains

Your roommate asks for your help on the subsequent : your roommate asks for your help on the subsequent questions about cvp analysis formulas.a. how will the mathematical

User Account

All Pages