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On january 1, 2013, a company issued and sold an 900,000, 6%, five-year bond payable and received proceeds of 950,000. Interest payable each june 30 and december 31. The company uses the straight line method to amortize the premium. Prepare the journal entry to record the bond payable and journal entry to record the first interest payment.
Dunn's accounting year ends on December 31, and the 2011 financial statements were issued on March 2, 2012. What amount of loss should Dunn accrue at December 3
How would I solve the fallowing question without using Microsoft Xl. a breakdown on the equation would be much appreciated
Please prepare a schedule in Excel to correct the net income for 2009 and 2010. Please start the schedule with the reported income for 2009 and 2010 and then work to a corrected figure.
On January 1, 2014, Cron Corporation issued $850,000 in bonds that mature in ten years. The bonds have a stated interest rate of 14 percent and pay interest on June 30 and December 31 each year. When the bonds were sold, the market rate of interest w..
Launch the POM-QM for Windows software and from the main menu select Module, and then Materials Resource Planning.
Balances have been taken from the ledger of Mr. Vasanth as on Mar 31, 2010. You are required to prepare the Trial Balance as on 31.3.2010.
Create a startup Budget for a nonprofit small ESL school for students 2nd to 6th grades in Hoboken ,NJ (PLEASE NOTE THAT ALL NUMBERS HAVE TO BE FROM REAL LIFE ) Please consider the following:
Brando Corporation issued 300,000 shares of $4 par-value common stock at the time of its incorporation. The stock was issued for cash at a price of $15 per share. During the first year of operations, the company sustained a net loss of $100,000. How ..
Scottsdale Co. has actual sales for July and August and forecast sales for September, October, November, and December as follows: Actual: July $ 97,600 August 105,300 Forecast: Calculate the estimated cash receipts for September, October, and Novembe..
When the Fed conducts open-market operations, it primarily uses
Leonard Bailey is one of several partners in a medium sized (50 employees) CPA firm. Wilma Lawrence is the controller of ABC Manufacturing, one of Leonard’s clients. She has been with the company for 28 years and is very protective of what she consid..
Determine how Kmart and Sears approached the change in ownership interest under current GAAP and how that approach would differ under proposed GAAP. Provide specific examples to support your response.
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