User Account

All Pages

What is the journal entry for the bond issuance on march

Assignment Help Financial Accounting
Reference no: EM132804384

On March 1, 2020, Ostriw Inc. issued $56,000 of bonds at 105, paying 8% cash interest semiannually on June 30 and December 31. The bonds are scheduled to mature December 31, 2023. On September 1, 2020, $9,000 of the bonds were retired when the bonds were selling at 89. Assume the straight-line interest method is used to amortize bond discounts and premiums.

Problem 1: What is the journal entry for the bond issuance on March 1, 2020?

Reference no: EM132804384

Questions Cloud

What sense might a financial manager be seen : What sense might a financial manager be seen as "more ethical" if he or she follows this directive and issues a press release indicating
What was the most difficult or challenging part of course : What was the most difficult or challenging part of the course? Why was it difficult? What can the LIB100 crew do to make the course better or more effective.
Calculate units completed and transferred out : Beginning work in process inventory and 2,850 units in the ending work in process inventory. Calculate units completed and transferred out during March.
Discuss the value of utilizing multiple intelligences : Discuss the value of utilizing multiple intelligences when planning your instruction. Describe why you want to consider the areas of multiple intelligences.
What is the journal entry for the bond issuance on march : What is the journal entry for the bond issuance on March 1, 2020? On March 1, 2020, Ostriw Inc. issued $56,000 of bonds at 105, paying 8% cash interest
What ki operating income will : The outside supplier, 30% of KI's fixed production costs can be eliminated. If KI purchases K101 from the outside supplier, then KI's operating income will
How are questioning strategies used as a guide : In 250-500 words, provide a reflection that explains how using questioning strategies builds on prior instructional sessions, encourages student content.
How much do expect to be in retirement account : 45 years from your expected retirement date. Given this information, how much do you expect to be in your retirement account when you retire?
Justify the need for four categories of measurement : Based on the information learned, create and justify the need for four categories of measurement, such as customer satisfaction or financial performance.

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