Prepare the general journal entry for the april

Assignment Help Accounting Basics
Reference no: EM131828627

Question - On April 1, 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 1, 2016 issue of the bonds. If no entry is required then write "No Entry Required."

Reference no: EM131828627

Questions Cloud

Prepare the entry on Mazie books related to the transactions : On July 4, Mazie's Restaurant accepts a Visa card for a $250 dinner bill. Visa charges a 4% service fee.
Design a program for a state university : Design a program for a state university. The university needs a website design that will enable students to order books online.
List the three or four most important factors you would use : Search several online computer vendors and identify the most popular disk drives for servers. What characteristics do they share?
What method are use to detect and correct transmission error : What methods are used to detect and correct transmission errors? Will 802.16 networks eventually replace 802.11 networks? Why or why not?
Prepare the general journal entry for the april : Use this information to prepare the General Journal entry (without explanation) for the April 1, 2016 issue of the bonds
Prepare balance sheet presentation of Eileen Corp receivable : Eileen Corp. had the following balances in receivable accounts at October 31, 2017 (in thousands): Allowance for Doubtful Accounts $52.
How do you see a decision support system aiding business : Which one of the three: Decision Support, Executive Support and Group decision-support systems do you believe is more useful for an organization and why?
State-transition-rate diagram of the process : a. Give the state-transition-rate diagram of the process. b. What is the probability that only one lightbulb is working?
How is data encoded and what is the raw transmission speed : Investigate the IEEE FireWire data communication standard. How is data encoded, and what is the raw transmission speed?

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