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Assume that on April 1, Jerome, Inc., paid $100,000 to buy Potter's 8 percent, two year...
Assume that on July 1, Jerome, Inc., paid $100,000 to buy Potter's 8 percent, two-year bonds...
Assume that on July 1, Jerome, Inc., paid $100,000 to buy Potter's 8 percent, two-year bonds with a $100,000 par value. The bonds pay interest semiannually on December 31 and June 30. Jerome intends to hold the bonds until they mature. Complete the necessary December 31 entry to record receipt of interest by selecting the account names from the pull-down menus and entering dollar amounts in the debit and credit columns.
Assume that on July 1, Jerome, Inc., paid $100,000 to buy Potter's 8 percent, two-year bonds...
Assume that on July 1, Jerome, Inc., paid $100,000 to buy Potter's 8 percent, two-year bonds with a $100,000 par value. The bonds pay interest semiannually on December 31 and June 30. Jerome intends to hold the bonds until they mature. Complete the necessary December 31 entry to record Note: Enter debits before credits. General Journal Debit Credit Date Dec. 31 Cash explanation
ULDUM Equity secundes... 1 Saved Required information Journal entry worksheet Jerome, Inc., paid $8,850 to make...
ULDUM Equity secundes... 1 Saved Required information Journal entry worksheet Jerome, Inc., paid $8,850 to make a debt investment in trading securities of Tedesco, Inc. On December 30, (within the same fiscal year), Jerome sold some of these debt securities that had a cost of $6,500 for $7,000 cash. Complete the necessary adjusting entry by selecting the account names from the pull-down menus and entering dollar amounts in the debit and credit Note: Enter debits before credits. Date General Journal...
please help with the above questions, thank you! Journal entry worksheet On September 15, Jerome, Inc.,...
please help with the above questions, thank you!
Journal entry worksheet On September 15, Jerome, Inc., paid $8,900 to make a long-term investment in available-for-sale securities by purchasing notes of Topper, Inc. Complete the necessary journal entry by selecting the account names from the pull- down menus and entering dollar amounts in the debit and credit columns. Note: Enter debits before credits Date General Journal Debit Credit Sep 15 explanation View general journal Record entry Clear entry Assume that Jerome's...
On July 1, Jerome received $200 in dividends from Melina Corporation on which it owns less...
On July 1, Jerome received $200 in dividends from Melina Corporation on which it owns less than 20% of the voting stock. Complete the necessary journal entry selecting the account names from the pull-down menus and entering dollar amounts in the debit and credit columns.
Required information On November 1 Jerome sold some of its investment in Melina Corporation which had...
Required information On November 1 Jerome sold some of its investment in Melina Corporation which had a cost of $750 for $1.000 cash. Complete the necessary journal entry selecting the account names from the pull-down menus and entering dollar amounts in the debit and credit columns View transaction list Journal entry worksheet On November 1, Jerome sold some of its investment in Melina Corporation which hada con of $750 for $1.000 cash Complete the necessary journal entry selecting the account...
Jerome, Inc, owned a single short-term available for sale security with a cost of $40,000 and...
Jerome, Inc, owned a single short-term available for sale security with a cost of $40,000 and a fair value of $40,500 at December 31 of the previous year. At that time, an adjusting entry was recorded for the fair value adjustment with a debit to Fair Value Adjustment- Available for sale for $500 and a credit to Unrealized Gain Equity for $500. Jerome sold that security for $39.900 on January 4 of the current year. Complete the necessary journal entry...
Jerome, Inc., owned a single short term available for sale security with a cost of $40,000...
Jerome, Inc., owned a single short term available for sale security with a cost of $40,000 and a fair value of $40,500 at December 31 of the previous year. At that time, an adjusting entry was recorded for the fair volue adjustment with a debit to Fair Value Adjustment Available for sale for $500 and a credit to Unrealized Gain-Equity for $500. Jerome sold that security for $39,900 on January 4 of the current year. Complete the necessary journal entry...
Swanson Corporation issued $7,400,000 of 20-year, 8 percent bonds on April 1, 2013, at 102. Interest...
Swanson Corporation issued $7,400,000 of 20-year, 8 percent bonds on April 1, 2013, at 102. Interest is due on March 31 and September 30 of each year, and all of the bonds in the issue mature on March 31, 2033. Swanson's financial year ends on December 31. Prepare the following journal entries: a. Prepare the journal entry at April 1, 2013, to record the issuance of the bonds. (Omit the "S" sign in your response.) Date General Journal Debit Credit...
Swanson Corporation issued $7,100,000 of 20-year, 8 percent bonds on April 1, 2013, at 102. Interest...
Swanson Corporation issued $7,100,000 of 20-year, 8 percent bonds on April 1, 2013, at 102. Interest is due on March 31 and September 30 of each year, and all of the bonds in the issue mature on March 31, 2033. Swanson's financial year ends on December 31. Prepare the following journal entries: a. Prepare the journal entry at April 1, 2013, to record the issuance of the bonds. (Omit the "$" sign in your response.) General Journal Debit Credit Date...
Assume that on July 1, Jerome, Inc., paid $100,000 to buy Potter's 8 percent, two-year bonds with a $100,000 par value. The bonds pay interest semiannually on December 31 and June 30. Jerome intends to hold the bonds until they mature. Complete the necessary December 31 entry to record Note: Enter debits before credits. General Journal Debit Credit Date Dec. 31 Cash explanation
ULDUM Equity secundes... 1 Saved Required information Journal entry worksheet Jerome, Inc., paid $8,850 to make a debt investment in trading securities of Tedesco, Inc. On December 30, (within the same fiscal year), Jerome sold some of these debt securities that had a cost of $6,500 for $7,000 cash. Complete the necessary adjusting entry by selecting the account names from the pull-down menus and entering dollar amounts in the debit and credit Note: Enter debits before credits. Date General Journal...
please help with the above questions, thank you!
Journal entry worksheet On September 15, Jerome, Inc., paid $8,900 to make a long-term investment in available-for-sale securities by purchasing notes of Topper, Inc. Complete the necessary journal entry by selecting the account names from the pull- down menus and entering dollar amounts in the debit and credit columns. Note: Enter debits before credits Date General Journal Debit Credit Sep 15 explanation View general journal Record entry Clear entry Assume that Jerome's...
Required information On November 1 Jerome sold some of its investment in Melina Corporation which had a cost of $750 for $1.000 cash. Complete the necessary journal entry selecting the account names from the pull-down menus and entering dollar amounts in the debit and credit columns View transaction list Journal entry worksheet On November 1, Jerome sold some of its investment in Melina Corporation which hada con of $750 for $1.000 cash Complete the necessary journal entry selecting the account...
Jerome, Inc, owned a single short-term available for sale security with a cost of $40,000 and a fair value of $40,500 at December 31 of the previous year. At that time, an adjusting entry was recorded for the fair value adjustment with a debit to Fair Value Adjustment- Available for sale for $500 and a credit to Unrealized Gain Equity for $500. Jerome sold that security for $39.900 on January 4 of the current year. Complete the necessary journal entry...
Jerome, Inc., owned a single short term available for sale security with a cost of $40,000 and a fair value of $40,500 at December 31 of the previous year. At that time, an adjusting entry was recorded for the fair volue adjustment with a debit to Fair Value Adjustment Available for sale for $500 and a credit to Unrealized Gain-Equity for $500. Jerome sold that security for $39,900 on January 4 of the current year. Complete the necessary journal entry...
Swanson Corporation issued $7,400,000 of 20-year, 8 percent bonds on April 1, 2013, at 102. Interest is due on March 31 and September 30 of each year, and all of the bonds in the issue mature on March 31, 2033. Swanson's financial year ends on December 31. Prepare the following journal entries: a. Prepare the journal entry at April 1, 2013, to record the issuance of the bonds. (Omit the "S" sign in your response.) Date General Journal Debit Credit...
Swanson Corporation issued $7,100,000 of 20-year, 8 percent bonds on April 1, 2013, at 102. Interest is due on March 31 and September 30 of each year, and all of the bonds in the issue mature on March 31, 2033. Swanson's financial year ends on December 31. Prepare the following journal entries: a. Prepare the journal entry at April 1, 2013, to record the issuance of the bonds. (Omit the "$" sign in your response.) General Journal Debit Credit Date...
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