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Canadian Sea Rides Ltd. issues $8,000,000 of four-year, 4% bonds dated January 1,2015. Interest is payable on January 1 and July 1 each year. The proceeds realized from the issue were the $8,529,082 sales price less the $50,000 fee charged by Sea's lawyers. Sea's year-end is December 31. Required:
Problem 1: Prepare entries for a. The issuance of the bonds.b. Payment of interest and related amortization on July 1, 2015.c. Accrual of interest and related amortization on December 31, 2015.
Mar. 1. purchased merchandise on account from kelvin Co. $20,000. Oct. 30. paid Harold Co. amount due on note of august 1. Journalize preceding transactions
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Record the December 31 adjusting entry for the partial-year depreciation expense for the carpet, assuming that Willow Creek uses the straight-line method
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To break even, the team would need to sell _ tickets per game, on average. The Ice City Blades are a minor league ice hockey franchise.
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How many units of merchandise should be included in Adam's ending inventory?
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