What is the correct entry for recording the june

Assignment Help Financial Accounting
Reference no: EM132203509

On January 1, $500,000 of 8%, 10-year bonds were sold for $530,000. The bonds require semiannual interest payments on June 30 and December 31. What is the correct entry for recording the June 30 interest payment on the bonds?

Reference no: EM132203509

Questions Cloud

What is monthly payment : You will borrow $25,000 to buy a car. If your interest rate is 5% on a 4-year loan, what is your monthly payment?
Difference between net assets and net liabilities : The difference between net assets and net liabilities; a term generally used by not-for-profit organizations
Job analysis is the heart of human resources : Job Analysis is the heart of Human Resources. What would you say are it’s most important elements?
What is the formula : What would have been the income (loss) before income taxes? What is the formula?
What is the correct entry for recording the june : What is the correct entry for recording the June 30 interest payment on the bonds?
Compute the cost per equivalent : Compute the cost per equivalent unit for materials and conversion for the Mixing Department in December.
Prepare the december 31 year-end adjusting entry : Prepare the december 31 year-end adjusting entry for uncollectibles
Operation challenge of hong kong as global port city : What is the operation challenge of Hong Kong as a Global port city?
Dividend yield or capital gains : Normally, return from stock can come from either dividend yield or capital gains. However, investors are nonetheless willing to buy shares

Reviews

Write a Review

Financial Accounting Questions & Answers

  Financial statement analysis and preparation

Financial Statement Analysis and Preparation

  Shareholder of a company

Describe the ways that a person can become a shareholder of a company. Why Wal-Mart would split its stock?

  Financial and accounting principles

An understanding of financial and accounting principles can be a valuable tool for managers. While not all managers will find themselves calculating financial ratios or preparing annual financial data.

  Prepare a statement of cash flow using the direct method

Prepare a Statement of Cash Flow using the Direct Method and Prepare the Operations section of the Statement of Cash Flow using the Indirect Method.

  Financial accounting assignment

This assignment has one case study and two question apart from case study. Questions related to document Liquidation question and Company financial statements question - Torquay Limited

  Prepare general journal entries for goela

Prepare general journal entries for Goela Ltd

  Principles of financial accounting

Prepare the journal entry to record the acquisition of the assets.

  Prepare general journal entries to record the transactions

Prepare general journal entries to record the transactions, assuming use of the periodic inventory system

  Global reporting initiative

Compare the view espoused by the economist Milton Friedman about the social responsibilities of business with the views express by Stigler.

  Explain the iasb conceptual frameworks

Explain the IASB Conceptual Framework's perspective of users and their decisions.

  Determine the company''s financial statements

T he focus of the report is to determine the extent to which you are comfortable relying on the financial statements as presented by management .

  Computation of free cash flow

Computation of Free Cash Flow

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!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd