Sale and the first interest payment

Assignment Help Accounting Basics

Reference no: EM13145265

On January 1, 2010, Rainbow Sports issued $750,000 of 6% bonds that mature in five years.

Assume the bonds are sold at par, and that interest is paid semi-annually. Record below the sale and the first interest payment.

Reference no: EM13145265

Questions Cloud

Prepares financial statements quarterly : The following are selected transactions of Winsky Company. Winsky prepares financial statements quarterly. Prepare journal entries for the above transactions and events

What is retailers effective cost of trade credit : the retailer is an important customer supplier allows the firm to stretch its credit terms what is retailers effective cost of trade credit

Calculate the activation energy : Calculate the activation energy for the following reaction if the rate constant for the reaction increases from 84.2 M-1s-1 at 497 K to 1310 M-1s-1 at 794 K.

Proportion of adult men in united states are more tthan feet : What proportion of the adult men in United States are more than feet tall? (Hint: feet inches.) Round your answer to at least four decimal places.

Sale and the first interest payment : Assume the bonds are sold at par, and that interest is paid semi-annually. Record below the sale and the first interest payment.

What is the outside temperature in k : A helium-filled balloon has a volume of 2.75 L at 17 C. The volume of the balloon decreases to 2.36 L after it is placed outside on a cold day. What is the outside temperature in K?

Economic domain of culture to be base or core of culture : The second key part of the anthropological perspective is holism, the idea that all the parts of a culture are integrated. However, anthropology considers the economic domain of culture to be the “base” or “core” of the culture.

What are the tax consequences of choosing the lower down pay : What are the tax consequences of choosing the lower down payment and larger note option, assuming he has no other installment receivables?

Efficient project management : Organizational support and openness to such research should help paving the way forward to a successful execution in terms of interviews and survey. Organization support concurrence to run scurvies, interviews and questionnaires.

User Account

All Pages