Prepare the adjusting jpurnal entry needed on sep

Assignment Help Financial Accounting
Reference no: EM132583918

Sunland cpmpany issued $448000 of 9% 10 year bonds on jan 1 2021 at face value.Interest is payable anually on Jan 1 2022.

Question 1) record the journal entry to record thr issurance of the bonds for Jan 1 2021

Question 2) Record the accural of interesst on dec 31 2021

Question 3) Record the payment of interest on Jan 1 2022

Question 4) Assuming sunland has a sep 30 year end prepare the adjusting jpurnal entry needed on sep 30 2021 and prepare journal entry to record the interest payment on jan 1 20222 assuming the reversing entries not used

Reference no: EM132583918

Questions Cloud

Find basic earnings per share is for neimer ltd : Each $1,000 bond is convertible into 50 common shares. The net income for 2020 was $1,000,000 and income tax rate was 30%. Basic earnings per share for 2020 is
Create positive organizational culture : Should organizations do all they can to establish a positive culture, because it works, or is building positive culture manipulative?
Why most people behave in a socially appropriate manner : Choose one famous personality theorist you read about in this week's readings and discuss how he or she would explain why most people behave in a socially.
Find guidelines on how to label stock : Where can you find guidelines on how to label stock?
Prepare the adjusting jpurnal entry needed on sep : Prepare the adjusting jpurnal entry needed on sep 30 2021 and prepare journal entry to record the interest payment on jan 1 20222 assuming the reversing
Compare and contrast the leadership styles : Compare and contrast the leadership styles of 2 current leaders in the business industry. How do they increase motivation within their organization?
Compare the rating approach to work performance assessment : Poorly designed appraisal systems often have negative consequences. Compare and contrast the rating approach to work performance assessment.
Reducing the marketing budget : You work for a major clothing retailer that is on track to miss its financial targets this year and your CEO wants to cut costs by reducing the marketing budget
Describe the specific mechanisms of enzyme function : Enzymes are protein materials that control chemical processes. Describe the specific mechanisms of enzyme function.

Reviews

Write a Review

Financial Accounting Questions & Answers

  Financial statement analysis and preparation

Financial Statement Analysis and Preparation

  Shareholder of a company

Describe the ways that a person can become a shareholder of a company. Why Wal-Mart would split its stock?

  Financial and accounting principles

An understanding of financial and accounting principles can be a valuable tool for managers. While not all managers will find themselves calculating financial ratios or preparing annual financial data.

  Prepare a statement of cash flow using the direct method

Prepare a Statement of Cash Flow using the Direct Method and Prepare the Operations section of the Statement of Cash Flow using the Indirect Method.

  Financial accounting assignment

This assignment has one case study and two question apart from case study. Questions related to document Liquidation question and Company financial statements question - Torquay Limited

  Prepare general journal entries for goela

Prepare general journal entries for Goela Ltd

  Principles of financial accounting

Prepare the journal entry to record the acquisition of the assets.

  Prepare general journal entries to record the transactions

Prepare general journal entries to record the transactions, assuming use of the periodic inventory system

  Global reporting initiative

Compare the view espoused by the economist Milton Friedman about the social responsibilities of business with the views express by Stigler.

  Explain the iasb conceptual frameworks

Explain the IASB Conceptual Framework's perspective of users and their decisions.

  Determine the company''s financial statements

T he focus of the report is to determine the extent to which you are comfortable relying on the financial statements as presented by management .

  Computation of free cash flow

Computation of Free Cash Flow

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