On june 30 2010 mackes company issued 504000000 face value

Reference no: EM13602773

On June 30, 2010, Mackes Company issued $5,040,000.00 face value of 13%, 20-year bonds at $5,419,156.68, a yield of 12%. Mackes uses the effective interest method to amortize bond premium or discount. The bonds pay semiannual interest on June 30 and December 31. (Round intermediate calculations and answers to 2 decimal places, e.g. 26,520.21. Use the rounded amounts in successive calculations. List multiple debit/credit entries from largest to smallest amount, e.g. 10, 5, 2.)Prepare the journal entries to record the following transactions.

Reference no: EM13602773

Questions Cloud

Lily yuan and kayla dunn are partners who share in the : lily yuan and kayla dunn are partners who share in the income equally and have capital balances of 180000 and 62500

Western company has an annual reporting period that runs : western company has an annual reporting period that runs from july 1st through june 30th. based on this information

The jack company is preparing its cash budget for the month : the jack company is preparing its cash budget for the month of june. the following information is available concerning

At october 1 2010 padilla industries had an accounts : at october 1 2010 padilla industries had an accounts payable balance of 30000. during the month the company made

On june 30 2010 mackes company issued 504000000 face value : on june 30 2010 mackes company issued 5040000.00 face value of 13 20-year bonds at 5419156.68 a yield of 12. mackes

You know that both internal and external users have not : you know that both internal and external users have not only the short-term success but also the long-term success of

Jarvis inc reported net income of 34000 for the year ended : jarvis inc. reported net income of 34000 for the year ended december 31 2011. included in net income was a gain on

Prepare two contribution format income statements one : stratford company distributes a lightweight lawn chair that sells for 80 per unit. variable expenses are 40.00 per unit

Cindis candies paid employee wages on and through friday : cindis candies paid employee wages on and through friday january 26 and the next payroll will be paid in february.

User Account

All Pages