User Account

All Pages

Prepare the journal entry for the june

Assignment Help Accounting Basics
Reference no: EM133169990

Question - On January 1, 2019 Emerald City Jewelry Corp. issued $50,000, 7%, 10-year bonds with interest payable semiannually on June 30 and December 31. The market rate on the issue date was 8%, which priced the bonds at $46,602.42. Prepare the journal entry for the June 30, 2020 interest payment, and show all your workings. (Round calculations to 2 decimals.)

Reference no: EM133169990

Questions Cloud

Compute depreciation expense : Total service hours for the equipment are estimated to be 6,000 while actual hours for 2020 were 540. Compute depreciation expense in 2020
What is legitimacy theory : What is legitimacy theory? How does legitimacy theory and stakeholder theory explain corporate climate change-related reporting
Prepare general journal entries to record transactions : Prepare the general journal entries required to record the transactions that occurred during 2022. Assume depreciation has been recorded up to 31 December 2021
Discuss three major religious values : Discuss three major religious values (such as Islam, Christianity and Judaism ) impact relate to the differences in accounting systems and reporting
Prepare the journal entry for the june : The market rate on the issue date was 8%, which priced the bonds at $46,602.42. Prepare the journal entry for the June 30, 2020 interest payment
Prepare the journal entries for hungry joe : Prepare the journal entries for Hungry Joe's for June 14, Hungry Joe's June 30 year end, and the repayment of the loan
Write a parser for a programming language : Write a parser for a programming language that accepts the following EBNF using the method in textbook Chapters
Determine the amount that should be entered on profit line : These partially completed Income Statement columns from a 10-column work sheet. determine the amount that should be entered on profit line
How would these tax consequences differ : How would these tax consequences differ from the information included in Latkin's GAAP based financial statements

Reviews

Write a Review

Accounting Basics Questions & Answers

  Compute earnings per share

On April 1, 2020, 458,000 shares of common stock were sold for $10 per share. Compute earnings per share for 2020

  What is the amount of gain realized

Lexus Corporation purchased 15,000 shares of its P1 par ordinary shares at P10 and subsequently sold 10,500 shares at P20. What is the amount of gain realized

  What is the maximum write-off for these purchases

On December 14, 2014, she purchased $160,000 of used computer equipment. If Anna elects § 179, what is the maximum write-off for these purchases for 2014

  Calculate cholla fixed overhead spending variance

Actual results for the month of October reveal that Cholla produced 29,000 units and Calculate Cholla's fixed overhead spending variance

  When determining the selling price of a bond should the

when determining the selling price of a bond should the market rate be used or should the contract rate? for the

  Describe the role of the accounting equation in the

what is the role of the accounting equation in the analysis of business

  One of the principal costs for governmental entities are

1. one of the principal costs for governmental entities are employee pensions and medical benefits. what are the

  Garber plumbers offers a 20 trade discount when providing

garber plumbers offers a 20 trade discount when providing 2000 or more of plumbing services to its customers. in march

  Calculate the amount of overhead that should be applied

This job uses 50 direct labor hours during the period. Calculate the amount of overhead that should be applied to job 201 during the period

  Find what is the carrying amount of the note receivable

The present value of an ordinary annuity of 1 is 5.65 for ten periods and 5.33 for nine,What is the carrying amount of the note receivable on December 31, 2019?

  Determine the cost of the inventory

Based on an independent appraisal, the fair value of inventory is determined to be equal to its book value, Determine the cost of the inventory

  Determine bobby net profit for the particular month

(Using debits and credits) Bobby Hooks, licensed master plumber, had the following transactions and events during his first month of business.

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