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1. (Entries for Retirement and Issuance of Bonds) Robinson, Inc. had outstanding $5,000,000 of 11% bonds (interest payable July 31 and January 31) due in 10 years. On July 1, it issued $7,000,000 of 10%, 15-year bonds (interest payable July 1 and January 1) at 98. A portion of the proceeds was used to call the 11% bonds at 102 on August 1. Unamortized bond discount and issue cost applicable to the 11% bonds were $120,000 and $30,000, respectively. Prepare the journal entries necessary to record issue of the new bonds and the refunding of the bonds.
Many companies have chosen to outsource segments of their business to external providers in order to cut costs and improve quality and/or efficiencies.
Since the healthcare industry will continue to grow in the future due to the size of the global population and its age composition, General Electric Healthcare (GEH) is trying to capitalize on these trends. It is expanding its operations and devel..
The Bristol, Inc., is an elegant dining establishment that features French cuisine at dinner six nights per week and brunch on weekends. In an effort to boost traffic from shoppers during the Christmas season, the Bristol offered Saturday customer..
pepe incorporated acquired 60 of devin company on january 1 2010. on that date devin sold equipment to pepe for 45000.
prepare adjusting entries post to ledger accounts and prepare adjusted trial balance.masasi company inc.trial
in 2011 masset sold 3000 units at 300 each. variable expenses were 210 per unit and fixed expenses were 120000. the
during the current year tachnic inc. made cash sales of 289000 and credit sales of 472000. during the year accounts
diekow productions manufactured and sold 1000 products at 11000 each during the past year. at the beginning of the year
What framework of accountability do you support for nonprofits - what do you see as the benefits and limitations of accountability via performance measurement?
the following amortization and interest schedule reflects the issuance of 10-year bonds by capulet corporation on
TD Industries has a piece of equipment that has a cost of $400,000. The equipment has accumulated depreciation of $305,000.
assume that you have been offered cash discounts on merchandise that can be purchased from either of two suppliers.
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