User Account

All Pages

Prepare entries of record the interest receipt

Assignment Help Accounting Basics
Reference no: EM133159313

Question - Windsor devices Inc, purchased $500,000 of 8% bonds on January 1, 19XX for $437,689. The bonds have a 10 year life, pay semi-annual interest each June 30 and December 31, and were priced to generate a 10% effective interest rate.

Required -

a: Prepare Windsor's journal entry to record the bond purchase on January 1.

b: Prepare entries of record the interest receipt and discount amortization on June 30 and December 31. Windsor uses effective interest method of amortization.

c: Compute total interest revenue for 19XX.

d: Present the proper disclosure of the bond investment on Windsor's December 31, 19XX, balance sheet.

Reference no: EM133159313

Questions Cloud

Mention a list of hris solution provider : Mention a list of HRIS solution providers (vendors and consultants) associated with these organizations.
How do customers evaluate body language of employees : Discuss body language and actions that can impact people's perceptions of service by non-verbal attributes.
What are the functions of cba : I) What are the functions of CBA? II)Discuss the difference between discharge & dismissal of workers.
Outstanding history of sales number : Samsung Electronics Company is a global leader in semiconductor, telecommunication, digital media and digital convergence technologies with 2012 consolidated sa
Prepare entries of record the interest receipt : Prepare entries of record the interest receipt and discount amortization on June 30 and December 31. Windsor uses effective interest method of amortization
Advantages and disadvantages of unionized staff members : What are the advantages and disadvantages of unionized staff members vs non-union staff members?
Position of management trainee post-hire : Explain in detail how using the Behaviorally Anchored Rating Scale (BARS) is able to complement and evaluate the use of game-based assessment in selecting a can
Advantages and disadvantages of automation in hotels : Discuss the advantages and disadvantages of automation in hotels. Use examples of real-world automation.
Nervous system in real life and in your future career : How will you apply the concepts you have learned about the nervous system in real life and in your future career?

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