Prepare General Journal entry to record the April bond issue

Assignment Help Accounting Basics
Reference no: EM132636556

Question - On April 1, 2019, Alaska Trading Company issued $900,000 of 6%, 10-year bonds. The bonds, which were issued at 98, pay interest on October 1 and April 1. Use this information to prepare the General Journal entry (without explanation) to record the April 1, 2019 bond issue. If no entry is required then write "No Entry Required."

Reference no: EM132636556

Questions Cloud

What is the distance between the earth and mars : What is the distance between the earth and mars?
Why is the big bang theory the most accepted theory : Why is the big bang theory the most accepted theory about the origin of the universe?
How do make statement of cash flows : Preparing Statement of Cash Flows. Increase in accounts receivable. Increase in accounts payable. Increase in inventories. Interest Expense
Find inclusions of the sandstone in the shale : What if you find inclusions of the sandstone in the shale?
Prepare General Journal entry to record the April bond issue : Use this information to prepare the General Journal entry (without explanation) to record the April 1, 2019 bond issue
Temperature peak in the gulf of mexico : Which storm corresponds to a temperature peak in the Gulf of Mexico?
Find fraction of the groundwater : The president of the Bottled Water Association claims that only a fraction of the groundwater is actually withdrawn by them. If this is true, what exactly is th
Prepare end of year balance sheet with the proper title : Prepare end of year balance sheet with the proper title. Prepare an income statement with the proper title. Calculate net working capital
Observation and inference about the weather : If the Pineapple Express is moving at a rate of 250 km/hr, has picked up lots of moisture and will move onshore in British Columbia and collide with cold front

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.

  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!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd