Prepare the general journal entry for issue of the bonds

Reference no: EM131933965

Question: On April 30, 2016, Alpha Company issued $100,000 of 12%, 10-year bonds. The bonds were issued at par plus accrued interest and are dated January 1, 2016. Interest is paid on July 1 and January 1. Use this information to prepare the General Journal entry (without explanation) for the April 30, 2016 issue of the bonds. If no entry is required then write "No Entry Required."

Reference no: EM131933965

Questions Cloud

Effective purchasing power and loan repayment : what will be the effective purchasing power of the $6,750,000? how much should the lender be repaid?

Which is the preferred option based on your analysis : What is the after-tax incremental return from purchasing the restaurant rather than leasing it? Which is the preferred option based on your analysis?

Coefficient and standard deviation as measure of risk : What is the difference between beta coefficient and standard deviation as measure of risk ?

What is the value of his account in five years : Scott deposits $5,000 at the end of each year into an account for five years. Assuming 6% interest annually, what is the value of his account in five years?

Prepare the general journal entry for issue of the bonds : On April 30, 2016, Alpha Company issued $100,000 of 12%, 10-year bonds. The bonds were issued at par plus accrued interest and are dated January 1, 2016.

Should phillips record this as capital lease : There is no bargain purchase option or transfer of titlThere ise in the lease contract. The discount rate is 9%. Should Phillips record this as a capital lease?

Assumed under the expected monetary value approach : Explain which attitude towards risk is assumed under the expected monetary value approach?

Find how much money do you have to save in the first year : You value education and you want your kids to receive the best possible education. Butsending kids to private schools and Ivy League colleges is not cheap.

Calculate the required return on micrsoft company stock : Calculate the required return on Micrsoft Company stock using the Capital Asset Pricing Model (CAPM) Security Market Line. Please show your work.

User Account

All Pages