Homework Answers
| Date | General Journal | Debit | Credit |
| Jan 01 | Cash | $83497 | |
| Discount on bonds payable (90000-83497) | 6503 | ||
| Bonds payable | 90000 | ||
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Knowledge Check 01 On January 1, Year 1, St. Clair Corporation issues 7%, 11-year bonds with...
Please provide the journal entries for this. Thanks Knowledge Check 01 On January 1, Year 1,...
Please provide the journal entries for this. Thanks
Knowledge Check 01 On January 1, Year 1, McClurg Corporation issues 5%, 11-year bonds with a face amount of $70,000 for $76,180. The market interest rate is 4%. Interest is paid semiannually on June 30 and December 31. Complete the necessary journal entry for the issuance of the bonds by selecting the account names from the drop-down menus and entering the associated dollar amounts. (If no entry is required for a particular...
Knowledge Check 01 On January 1, 2019, Providence, Inc., Issues $1,000,000 of 10 percent, 5-year bonds...
Knowledge Check 01 On January 1, 2019, Providence, Inc., Issues $1,000,000 of 10 percent, 5-year bonds at par value. Complete the necessary journal entry by selecting the account names from the drop-down menus and entering the dollar amounts in the debit or credit columns. View transaction list Journal entry worksheet On January 1, 2019, Providence, Inc., Issues $1,000,000 of 10 percent, 5-year bonds at par value. Note: Enter debits before credits Date General Journal Debit Credit Jan 01
On January 1, 2019, Providence, Inc., issues $1,000,000 of 10 percent, 5-year bonds at par value....
On January 1, 2019, Providence, Inc., issues $1,000,000 of 10 percent, 5-year bonds at par value. Complete the necessary journal entry by selecting the account names from the drop-down menus and entering the dollar amounts in the debitor credit columns View transaction list Journal entry worksheet On January 1, 2019, Providence, Inc., issues $1,000,000 of 10 percent, 5-year bonds at par value. Note: Enter debits before credits Date General Journal Debit Credit Jan 01
Required information kon/lend images Knowledge Check 01 On January 2, Dixie, Inc. pays a salvage company...
Required information kon/lend images Knowledge Check 01 On January 2, Dixie, Inc. pays a salvage company $1,000 to haul away a machine costing $28,000 with accumulated depreciation of $28,000 Complete the necessary journal entry by selecting the account names from the drop-down menus and entering the dollar amounts in the debit of credit columns View transaction list Journal entry worksheet 1 > On January 2, Dixie, Inc., pays a salvage company $1,000 to haul away a machine costing $28,000 with...
Knowledge Check 01 On January 1 Truesdale, Inc., purchased a piece of machinery for use in...
Knowledge Check 01 On January 1 Truesdale, Inc., purchased a piece of machinery for use in operations. The total acquisition cost was $33,000. The machine has an estimated useful life of 3 years and a salvage value of $3,000. Using the stralght-line method, the amount of depreciation that should be recorded during year 1, is approximately Knowledge Check 01 On January 2, Dixie, Inc., pays a salvage company $1,000 to haul away a machine costing $28,000 with accumulated depreciation of...
Hillside issues $1,800,000 of 7%, 15-year bonds dated January 1, 2015, that pay interest semiannually on...
Hillside issues $1,800,000 of 7%, 15-year bonds dated January 1, 2015, that pay interest semiannually on June 30 and December 31. The bonds are issued at a price of $1,555,401. Required: 1. Prepare the January 1, 2015, journal entry to record the bonds' issuance. View transaction list Journal entry worksheet Record the issue of bonds with a par value of $1,800,000 cash on January 1, 2015 at an issue price of $1,555,401. Note: Enter debits before credits. Date General Journal...
Check my work On January 1, Renewable Energy issues bonds that have a $30,000 par value,...
Check my work On January 1, Renewable Energy issues bonds that have a $30,000 par value, mature in six years, and pay 14% interest semiannually on June 30 and December 31 1. Prepare the journal entry for issuance assuming the bonds are issued at (0)99 and ( 1032 2. How much interest does the company pay (in cash) to its bondholders every six months if the bonds are sold at par? Complete this question by entering your answers in the...
Knowledge Check 01 On September 1, Vicario, Inc., borrows $100,000 from First National Bank at 6...
Knowledge Check 01 On September 1, Vicario, Inc., borrows $100,000 from First National Bank at 6 percent annual interest. This note is due in 90 days. Prepare the September 1 journal entry for Vicario by selecting the account names from the drop-down menus and entering the dollar amounts in the debit or credit columns. View transaction list Journal entry worksheet On September 1, Vicario, Inc., borrows $100,000 from First National Bank at 6 percent annual interest. This note is due...
Knowledge Check 01 On September 1, Vicario, Inc., borrows $100,000 from First National Bank at 6...
Knowledge Check 01 On September 1, Vicario, Inc., borrows $100,000 from First National Bank at 6 percent annual interest. This note is due in 90 days. Prepare the September 1 journal entry for Vicario by selecting the account names from the drop-down menus and entering the dollar amounts in the debit or credit columns. View transaction list Journal entry worksheet On September 1, Vicario, Inc., borrows $100,000 from First National Bank at 6 percent annual interest. This note is due...
Knowledge Check 01 On August 4. Armstrong Trucking, Inc. paid $4.500 to replace the engine in...
Knowledge Check 01 On August 4. Armstrong Trucking, Inc. paid $4.500 to replace the engine in one of its trucks Complete the necessary journal entry by selecting the account names from the drop-down menus and entering the dollar amounts in the debitor credit columns View transaction list Journal entry worksheet 1 On August 4, Armstrong Trucking, Inc., paid $4,500 to replace the engine in one of its trucks. Note: Enter debits before credits General Journal Debit Credit Date Aug 4...
Please provide the journal entries for this. Thanks
Knowledge Check 01 On January 1, Year 1, McClurg Corporation issues 5%, 11-year bonds with a face amount of $70,000 for $76,180. The market interest rate is 4%. Interest is paid semiannually on June 30 and December 31. Complete the necessary journal entry for the issuance of the bonds by selecting the account names from the drop-down menus and entering the associated dollar amounts. (If no entry is required for a particular...
Knowledge Check 01 On January 1, 2019, Providence, Inc., Issues $1,000,000 of 10 percent, 5-year bonds at par value. Complete the necessary journal entry by selecting the account names from the drop-down menus and entering the dollar amounts in the debit or credit columns. View transaction list Journal entry worksheet On January 1, 2019, Providence, Inc., Issues $1,000,000 of 10 percent, 5-year bonds at par value. Note: Enter debits before credits Date General Journal Debit Credit Jan 01
On January 1, 2019, Providence, Inc., issues $1,000,000 of 10 percent, 5-year bonds at par value. Complete the necessary journal entry by selecting the account names from the drop-down menus and entering the dollar amounts in the debitor credit columns View transaction list Journal entry worksheet On January 1, 2019, Providence, Inc., issues $1,000,000 of 10 percent, 5-year bonds at par value. Note: Enter debits before credits Date General Journal Debit Credit Jan 01
Required information kon/lend images Knowledge Check 01 On January 2, Dixie, Inc. pays a salvage company $1,000 to haul away a machine costing $28,000 with accumulated depreciation of $28,000 Complete the necessary journal entry by selecting the account names from the drop-down menus and entering the dollar amounts in the debit of credit columns View transaction list Journal entry worksheet 1 > On January 2, Dixie, Inc., pays a salvage company $1,000 to haul away a machine costing $28,000 with...
Knowledge Check 01 On January 1 Truesdale, Inc., purchased a piece of machinery for use in operations. The total acquisition cost was $33,000. The machine has an estimated useful life of 3 years and a salvage value of $3,000. Using the stralght-line method, the amount of depreciation that should be recorded during year 1, is approximately Knowledge Check 01 On January 2, Dixie, Inc., pays a salvage company $1,000 to haul away a machine costing $28,000 with accumulated depreciation of...
Hillside issues $1,800,000 of 7%, 15-year bonds dated January 1, 2015, that pay interest semiannually on June 30 and December 31. The bonds are issued at a price of $1,555,401. Required: 1. Prepare the January 1, 2015, journal entry to record the bonds' issuance. View transaction list Journal entry worksheet Record the issue of bonds with a par value of $1,800,000 cash on January 1, 2015 at an issue price of $1,555,401. Note: Enter debits before credits. Date General Journal...
Check my work On January 1, Renewable Energy issues bonds that have a $30,000 par value, mature in six years, and pay 14% interest semiannually on June 30 and December 31 1. Prepare the journal entry for issuance assuming the bonds are issued at (0)99 and ( 1032 2. How much interest does the company pay (in cash) to its bondholders every six months if the bonds are sold at par? Complete this question by entering your answers in the...
Knowledge Check 01 On September 1, Vicario, Inc., borrows $100,000 from First National Bank at 6 percent annual interest. This note is due in 90 days. Prepare the September 1 journal entry for Vicario by selecting the account names from the drop-down menus and entering the dollar amounts in the debit or credit columns. View transaction list Journal entry worksheet On September 1, Vicario, Inc., borrows $100,000 from First National Bank at 6 percent annual interest. This note is due...
Knowledge Check 01 On September 1, Vicario, Inc., borrows $100,000 from First National Bank at 6 percent annual interest. This note is due in 90 days. Prepare the September 1 journal entry for Vicario by selecting the account names from the drop-down menus and entering the dollar amounts in the debit or credit columns. View transaction list Journal entry worksheet On September 1, Vicario, Inc., borrows $100,000 from First National Bank at 6 percent annual interest. This note is due...
Knowledge Check 01 On August 4. Armstrong Trucking, Inc. paid $4.500 to replace the engine in one of its trucks Complete the necessary journal entry by selecting the account names from the drop-down menus and entering the dollar amounts in the debitor credit columns View transaction list Journal entry worksheet 1 On August 4, Armstrong Trucking, Inc., paid $4,500 to replace the engine in one of its trucks. Note: Enter debits before credits General Journal Debit Credit Date Aug 4...
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