User Account

All Pages

Prepare the wage entry to record the transaction

Assignment Help Accounting Basics
Reference no: EM132648384

The Beta company issued bonds with a par value of $ 50 million and a nominal interest rate of 6.50%. The bonds pay interest every six months on January 1 and July 1. They were issued on July 1, 2019 and on that date had a duration of 20 years. On the issuance date, the market interest rate (yield) was 5.25%.

Question a. Prepare the journal entry to record the issuance of the bonds on July 1, 2019.

Question b. Prepare the wage entry for July 1, 2020.

Question c. If, with eight years (16 semesters) remaining for the bonds to mature, the company withdraws them in the amount of $ 56 million, prepare the wage entry to record the transaction.

Reference no: EM132648384

Questions Cloud

How much of the partnership profit should be assigned : The Partnership agreement of jones, king, How much of the $48,000 partnership profit for 2018 should be assigned to each partner?
How much will the annual payment on the new note be : New three-year note for the amount he owes on the first note and the interest rate is 7.5%, how much will the annual payment on the new note be.
Completed the transactions during the month : During the month, Jones Architects completed the transactions. Ken Jones, an architect, organized Jones Architects on April 1, 20Y2.
Discuss the role of state-based action coalitions : Discuss the role of state-based action coalitions. Explain how these coalitions help advance the goals specified in the IOM report, "Future of Nursing: Leading"
Prepare the wage entry to record the transaction : If, with eight years, remaining for bonds to mature, the company withdraws them in the amount of $ 56 million, prepare the wage entry to record the transaction.
Why is your ability to analyze a theory important : Why is your ability to analyze a theory, especially a middle range theory important to your practice as a master's prepared nurse? Explain why the origins.
What should be the initial retail price be giver markup : Calculate the retail price. The invoice indicates the cost is 8.75. What should be the initial retail price be giver her markup target?
What were the ramifications for the patient and staff : What were the ramifications for the patient and/or staff? Reflect on the incident and think about some causes and possible interventions that could have prevent
Determine what journal entry is recorded : If Sergio invests $90,000 in cash in the business for a 25 percent interest, what journal entry is recorded? Assume that the bonus method is used.

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