User Account

All Pages

Record alpha company general journal entry

Assignment Help Accounting Basics
Reference no: EM131718941

Question - Alpha Company purchased $1,000, 5 years, 5% bond on July 1, 2015 for $950. Interest is paid annually on June 30. The straight line method of amortization is used for both premiums & discounts. Use this information to record Alpha Company's General Journal Entry (without explanation) for June 30, 2016. If no entry is required then write "No Entry Required".

This is a journal entry. I got debit interest exp for $60, credit cash for $50, and credit discount on bond for $10 but I don't think that right. Can you show me how to get the solution?

Reference no: EM131718941

Questions Cloud

Draft sales email to the student government association : Draft a sales email to the Student Government Association on the benefits of MGMT 305-Business Communications to other students here at University.
Analyze the problematic decision that the agency made : Analyze the problematic decision that the agency made during the disaster or crisis with respect to preparedness, response, recovery, and / or mitigation.
Record the general journal entries for april and may : Use this information to record the general journal entries (without explanation) for April 15th and May 15th
What is this readership survey : Lopez interviewed the employees of an organization. What is this readership survey?
Record alpha company general journal entry : Use this information to record Alpha Company's General Journal Entry (without explanation) for June 30, 2016
Other industries also lead to conflicts and project problem : Do long project durations in other industries also lead to conflicts and project problems?
Comparing vegetarians and nonvegetarians for causes of death : Refer to Exercise, comparing vegetarians and nonvegetarians for two causes of death. Were base rates given for the two causes of death?
Which of the given areas would you fund research in why : Wakerman recommends expansion of research in primary health centers located in rural communities. Which of these areas would you fund research in? Why?
Reflect on the past experiences : Reflect on the past experiences, which required you to make an important decision. What were the skills that you utilized to solve the problem?

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