User Account

All Pages

What is the current amount of interest received

Assignment Help Financial Accounting
Reference no: EM132986522

Question - On April 1, 2010 Gempita Company issued and sold 14,000 bonds with a nominal value of Rp 20,000 per share, useful life of 10 years, 12% interest published every April 1 and October 1. The amortization method is straight line.

Price Exchange 120

Required -

-Journal of cash receipts on April 1, 2010

-What is the current amount of interest received by the company on April 1, 2010.

-Journalize the interest payments for October 1, 2010, April 1, 2011 and October 1, 2011.

-Adjusting Entries as of December 31, 2010 for: Premium Amortization of Bonds Payable & Interest payable.

-Adjusting Entries on January 1, 2011.

-Journal of the settlement of Bonds Payable at maturity.

Reference no: EM132986522

Questions Cloud

Determine the present book value of a laptop : A company laptop has 3 years asset life. Determine the present book value of a laptop bought in 2019 for 35,000 if the depreciation cost is php2,000.00
Determine the net present value of the project : The firm's marginal tax rate is 35 percent, and the discount rate is 8 percent. Determine the net present value (NPV) of the project
Reviewed house prices and crime ratings : The agent reviewed house prices and crime ratings for houses that Suzie would be interested in based on her selection criteria.
Explain the meaning of corporate governance : Explain the meaning of corporate governance and briefly discuss the primary objectives of implementing corporate governance mechanisms
What is the current amount of interest received : What is the current amount of interest received by the company on April 1, 2010. Journal of cash receipts on April 1, 2010
Find the estimated cash disbursements for inventories : Decrease in trade accounts payable P30,000. Find the estimated cash disbursements for inventories in January, 1983
Residency project-risk management-assessing the risk : Is the current level of risk acceptable (risk evaluation). What is needed to bring the risk to an acceptable level (risk treatment)?
Describe the benefits for presenting financial data : Question - Needing to list and describe the benefits and application of the methods for presenting and formatting financial data
The evolution of health information systems : Describe one type of accrediting agency in health care. What type of facility do they accredit? What is one requirement of accreditation?

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!

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