What is the total amount of cash that company received

Assignment Help Accounting Basics

Reference no: EM131814092

Question: On March 1, 2020 the B Company issued $800,000 of 10 year bonds payable dated January 1, 2020 at face value. The bonds have a stated rate of 12% and pay interest on January 1 and July 1 of each year.

A. What is the total amount of cash that B Company received upon sale of the bonds on March 1, 2020?

B. Prepare the March 1, 2020 journal entry to issue the bonds

C. Prepare the July 1, 2020 entry to record interest expense.

Reference no: EM131814092

Questions Cloud

How can the ais help protect company information from theft : How can the AIS help protect company information from theft, What are some of these losses. Please give examples.

What does the annual report say about the corporations view : What does the annual report say about the corporation's view of future business challenges and the market in which it operates?

What will the proceeds be from the bond issue : On March 1, 2017, Glaslyn Inc. (Glaslyn) issued a $10,000,000 bond with a 4 percent coupon rate and a maturity date of February 28, 2023.

Calculate the opportunity cost of accepting special order : What are some qualitative issues that should be considered when accepting special orders such as that proposed by Fitch Limited

What is the total amount of cash that company received : On March 1, 2020 the B Company issued $800,000 of 10 year bonds payable dated January 1, 2020 at face value. The bonds have a stated rate of 12%.

Total value of the purchase price as margin or equity : The speculator put up 4% of the total value of the purchase price as margin or equity.

Compute your realized rate of return : You originally paid $1,086 for the bond and the company just called the bond. Compute your realized rate of return.

Describe psychographic characteristics of sample students : Describe the demographic and psychographic characteristics of the sample students. Analyse how student motivation & emotion affect their purchasing decesion

Journalize Warwick entries to record the purchase : On March 1, Warwick's Co., a women's clothing store, purchased $74,600 of merchandise from a supplier on account, terms FOB destination, 2/10, n/30.

User Account

All Pages