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Question - Issuing Bonds at a Face Amount
On January 1, the first day of the fiscal year, a company issues a $250,000, 6%, 10-year bond that pays semiannual interest of $7,500 ($250,000 × 6% × ½ year), receiving cash of $250,000.
(a) Journalize the entry to record the issuance of the bonds.
(b) Journalize the entry to record the first interest payment on June 30.
(c) Journalize the entry to record the payment of the principal on the maturity date.
Lena Gold began a professional practice on June 1 and plans to prepare financial statements at the end of each month. During June, Gold (the owner).
Select one or more business from the list below. Discuss what might be the cash flow considerations, the strengths of the business, and how it might be likely to get into trouble with cash flow.
A forensic accountant should acquire a behind-the-scenes understanding of network traffic on the Internet. An understanding begins with Internet protocols. Explain Transmission Control Protocol (TCP) and Internet Protocol (IP).
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Explain some examples of input validation checks that you have noticed when filling out forms on websites you have visited.
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Blue Corp. acquired on January 1, 2017 a 5 year, 10%, P5,000,000 face value bonds for 4,639,400, How much is the gain or loss on sale on December
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ahnberg corporation had 800000 shares of common stock issued and outstanding at january 1. no common shares were issued
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Prepare the journal entry to record the issuance of the bonds on January 1, 2017 assuming the bonds were issued at face
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