User Account

All Pages

Prepare the journal entries for national corporation

Assignment Help Accounting Basics
Reference no: EM132817105

National Corporation issued a 10-year, 8%, P 800,000 bonds that yield 10% on January 1, 2022. Interests are payable semiannually on June 30 and December 31. National elected to present the bonds at fair values. The changes in yield rates are due general interest rates. The yield rates at the end of 2022 and 2023 are 12% and 6%, respectively.

Question 1: Prepare the Journal entries in 2022 and 2023.

Reference no: EM132817105

Questions Cloud

Definite the term ecological reserve : Definite the term ecological reserve in terms of ecological footprint
What are three different examples of counter current : What are three different examples of counter current exchange in organisms. Using one, explain how it functions.
Prepare the financial statements presentation each year : Prepare the financial statements presentation each year up to maturity in terms of Income Statement. Prepare the journal entries up to maturity.
Measure the right amount of water : Do you think this friend is going to be able to accurately measure the right amount of water to dissolve the packet into? Why or why not?
Prepare the journal entries for national corporation : Prepare the Journal entries in 2022 and 2023. National Corporation issued a 10-year, 8%, P 800,000 bonds that yield 10% on January 1, 2022.
Ancestor of chordates evolve in the isotonic setting : What are chordates? How did the ancestor of chordates evolve in the isotonic setting? Why?
Differences between facilitated diffusion-active transport : What are the differences between facilitated diffusion and active transport?
What is the carrying amount of loan receivable on december : What is the carrying amount of the loan receivable on December 31, 2021? Solid Bank loaned P5,000,000 to a borrower on January 1, 2018.
Describe the origin of the pain stimuli : -Describe the origin of the pain stimuli and the neural pathways involved in the pain that this man is experiencing.

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