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On June 1, 2016 Alpha Corporation issued $300,000 of 9%, 5-year bonds. The bonds which were...
Question 1 (6 points) On April 1, 2016, Alpha Company issued $500,000 of 12%, 10-year bonds....
Question 1 (6 points) On April 1, 2016, Alpha Company issued $500,000 of 12%, 10-year bonds. The bonds, which were issued at 103, pay interest on October 1 and April 1. Use this information to prepare the General Journal entry (without explanation) to record the April 1, 2016 bond issue. If no entry is required then write "No Entry Required." D DC - Format V BI U - Question 2 (6 points) Saved On June 1, 2016 Alpha Corporation issued...
On April 1, 2016, Alpha Company issued $500,000 of 12%, 10-year bonds. The bonds, which were...
On April 1, 2016, Alpha Company issued $500,000 of 12%, 10-year bonds. The bonds, which were issued at 103, pay interest on Octobér 1 and April 1. Use this information to prepare the General Journal entry (without explanation) to record the April 1, 2016 bond issue. If no entry is required then write "No Entry Required." General Journal: Date Accounts Debit Credit
Question 3 (6 points) On June 30, 2016, Alpha Corporation issued $200,000 of 10% ten-year bonds...
Question 3 (6 points) On June 30, 2016, Alpha Corporation issued $200,000 of 10% ten-year bonds at 103 on its semiannual interest date. Alpha uses the straight-line method for amortization. Use this information to determine the carrying value of this bond issue after adjusting entries have been made on June 30, 2019? Round your answer to the nearest whole dollar. Question 4 (6 points) On August 1, 2016, Alpha Company entered into a capital lease, and correctly recorded the leased...
Question 7 (6 points) On January 2, 2016, Alpha Corporation issued 2,500 shares of $5 par...
Question 7 (6 points) On January 2, 2016, Alpha Corporation issued 2,500 shares of $5 par value common stock. The issue price was $15 per share. On January 15, Alpha Corporation issued 1,000 shares of its $100 par 5% cumulative preferred stock for $105 per share. Use this information to prepare the General Journal entry (without explanation) for the January 2 and January 15 entries. B Format General Journal: Debit Credit Date Accounts </> Question 8 (6 points) On January...
On January 2, 2016, Alpha Corporation issued 2,500 shares of $4 par value common stock. The...
On January 2, 2016, Alpha Corporation issued 2,500 shares of $4 par value common stock. The issue price was S15 per share. On January 15, Alpha Corporation issued 1,000 shares of its S100 par 5% cumulative preferred stock for S107 per share. Use this information to prepare the General Journal entry (without explanation) for the January 2 and January 15 entries. Format General Journal: Debit Credit Date Accounts
Alpha Company purchased a Si ,000, 5 years, 5% bond on July 1, 2015 for S950....
Alpha Company purchased a Si ,000, 5 years, 5% bond on July 1, 2015 for S950. Interest is paid annually on June 30. The straight line method of amortization is used for both premiums & discounts. Use this information to prepare the adjusting General Journal entry (without explanation) for the December 31, 2017. If no entry is required then write "No Entry Required." D of I U Format General Journal: Debit Date Accounts 民月 Ea
Chowan Corporation issued $154,000 of 7% bonds dated January 1, 2016, for $148,815.79 on January 1,...
Chowan Corporation issued $154,000 of 7% bonds dated January 1, 2016, for $148,815.79 on January 1, 2016. The bonds are due December 31, 2019, were issued to yield 8%, and pay interest semiannually on June 30 and December 31. Chowan uses the effective interest method of amortization. Required: Prepare the journal entries to record the issue of the bonds on January 1, 2016, and the interest payments on June 30, 2016, December 31, 2016, and June 30, 2017. In addition,...
Chowan Corporation issued $136,000 of 7% bonds dated January 1, 2016, for $131,421.73 on January 1,...
Chowan Corporation issued $136,000 of 7% bonds dated January 1, 2016, for $131,421.73 on January 1, 2016. The bonds are due December 31, 2019, were issued to yield 8%, and pay interest semiannually on June 30 and December 31. Chowan uses the effective interest method of amortization. 1. Required: Prepare the journal entries to record the issue of the bonds on January 1, 2016, and the interest payments on June 30, 2016, December 31, 2016, and June 30, 2017. In...
On June 1, 2019 Adelphi Corporation issued $300,000 of 6%, 5-year bonds. The bonds which were...
On June 1, 2019 Adelphi Corporation issued $300,000 of 6%, 5-year bonds. The bonds which were issued at 101, pay interest on January 1 and June 1. Use this information to calculate the amount of bond discount or premium that is amortized with each interest payment. If this is discount amortization enter as a positive number. If this is premium amortization enter as a negative number.
On January 2,2016, Alpha Corporation issued 2,500 shares of $5 par value common stock. The issue...
On January 2,2016, Alpha Corporation issued 2,500 shares of $5 par value common stock. The issue price was $15 per share. On January 15, Alpha Corporation issued 1,000 shares of its $100 par 5% cumulative preferred stock for $105 per share. Use this information to prepare the General Journal entry (without explanation) for the January 2 and January 15 entries. Format General Journal: Debit Credit Date Accounts
Question 1 (6 points) On April 1, 2016, Alpha Company issued $500,000 of 12%, 10-year bonds. The bonds, which were issued at 103, pay interest on October 1 and April 1. Use this information to prepare the General Journal entry (without explanation) to record the April 1, 2016 bond issue. If no entry is required then write "No Entry Required." D DC - Format V BI U - Question 2 (6 points) Saved On June 1, 2016 Alpha Corporation issued...
On April 1, 2016, Alpha Company issued $500,000 of 12%, 10-year bonds. The bonds, which were issued at 103, pay interest on Octobér 1 and April 1. Use this information to prepare the General Journal entry (without explanation) to record the April 1, 2016 bond issue. If no entry is required then write "No Entry Required." General Journal: Date Accounts Debit Credit
Question 3 (6 points) On June 30, 2016, Alpha Corporation issued $200,000 of 10% ten-year bonds at 103 on its semiannual interest date. Alpha uses the straight-line method for amortization. Use this information to determine the carrying value of this bond issue after adjusting entries have been made on June 30, 2019? Round your answer to the nearest whole dollar. Question 4 (6 points) On August 1, 2016, Alpha Company entered into a capital lease, and correctly recorded the leased...
Question 7 (6 points) On January 2, 2016, Alpha Corporation issued 2,500 shares of $5 par value common stock. The issue price was $15 per share. On January 15, Alpha Corporation issued 1,000 shares of its $100 par 5% cumulative preferred stock for $105 per share. Use this information to prepare the General Journal entry (without explanation) for the January 2 and January 15 entries. B Format General Journal: Debit Credit Date Accounts </> Question 8 (6 points) On January...
On January 2, 2016, Alpha Corporation issued 2,500 shares of $4 par value common stock. The issue price was S15 per share. On January 15, Alpha Corporation issued 1,000 shares of its S100 par 5% cumulative preferred stock for S107 per share. Use this information to prepare the General Journal entry (without explanation) for the January 2 and January 15 entries. Format General Journal: Debit Credit Date Accounts
Alpha Company purchased a Si ,000, 5 years, 5% bond on July 1, 2015 for S950. Interest is paid annually on June 30. The straight line method of amortization is used for both premiums & discounts. Use this information to prepare the adjusting General Journal entry (without explanation) for the December 31, 2017. If no entry is required then write "No Entry Required." D of I U Format General Journal: Debit Date Accounts 民月 Ea
On January 2,2016, Alpha Corporation issued 2,500 shares of $5 par value common stock. The issue price was $15 per share. On January 15, Alpha Corporation issued 1,000 shares of its $100 par 5% cumulative preferred stock for $105 per share. Use this information to prepare the General Journal entry (without explanation) for the January 2 and January 15 entries. Format General Journal: Debit Credit Date Accounts
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