Question

A3.000, three month, 11% to the nearest do ) payable was issued on December 1, 2018 Whats most of cou r s on December 2017 Do
0 0
Add a comment Improve this question Transcribed image text
Answer #1

Answer : C) $321

Accrued Interest for One month

= 35,000 *11%*1/12 = $321 (Answer)

Add a comment
Know the answer?
Add Answer to:
A3.000, three month, 11% to the nearest do ) payable was issued on December 1, 2018...
Your Answer:

Post as a guest

Your Name:

What's your source?

Earn Coins

Coins can be redeemed for fabulous gifts.

Not the answer you're looking for? Ask your own homework help question. Our experts will answer your question WITHIN MINUTES for Free.
Similar Homework Help Questions
  • Matt Winne​, Inc. issued $ 1000000 of 11​%, five​-year bonds payable on January​ 1, 2018. The...

    Matt Winne​, Inc. issued $ 1000000 of 11​%, five​-year bonds payable on January​ 1, 2018. The market interest rate at the date of issuance was 8​%, and the bonds pay interest semiannually. Requirements: . How much cash did the company receive upon issuance of the bonds​ payable? (Round to the nearest​ dollar.) 2. Prepare an amortization table for the bond using the​ effective-interest method, through the first two interest payments.​ (Round to the nearest​ dollar.) 3. Journalize the issuance of...

  • Bonds Payable Journal Entries; Effective Interest Amortization On December 31, 2017, Blair Company issued $600,000 of...

    Bonds Payable Journal Entries; Effective Interest Amortization On December 31, 2017, Blair Company issued $600,000 of 20‑year, 11 percent bonds payable for $554,861, yielding an effective interest rate of 12 percent. Interest is payable semiannually on June 30 and December 31. Prepare journal entries to reflect (a) the issuance of the bonds, (b) the semiannual interest payment and discount amortization (effective interest method) on June 30, 2018, and (c) the semiannual interest payment and discount amortization on December 31, 2018....

  • The balance in the Bonds Payable is a credit of $78,000. The balance in the Premium...

    The balance in the Bonds Payable is a credit of $78,000. The balance in the Premium on Bonds Payable is a credit of $1,200. What is the bond carrying amount? O A. $1,200 OB. $79,200 OC. $76,800 OD. $78,000 Global Commerce Corporation purchased trading debt investments for $114,000 on December 31, 2018. There is a decrease of $5,800 in the fair value of the trading debt investments by the end of the year 2019. Which of the following is the...

  • Ari Goldstein issued $300,000 of 11​%, five​-year bonds payable on January​ 1, 2018. The market interest...

    Ari Goldstein issued $300,000 of 11​%, five​-year bonds payable on January​ 1, 2018. The market interest rate at the date of issuance was 10​%, and the bonds pay interest semiannually. Requirement 1. How much cash did the company receive upon issuance of the bonds​ payable? (Round to the nearest​ dollar.) ​(Use the factor tables provided with factors rounded to three decimal places. Round all currency amounts to the nearest​ dollar.) Upon issuance of the bonds payable, the company received $...

  • On December 31, 2017, Indigo Company had $1,206,000 of short-term debt in the form of notes payable due February 2, 2018. On January 21, 2018, the company issued 23,700 shares of its common stock for...

    On December 31, 2017, Indigo Company had $1,206,000 of short-term debt in the form of notes payable due February 2, 2018. On January 21, 2018, the company issued 23,700 shares of its common stock for $33 per share, receiving $782,100 proceeds after brokerage fees and other costs of issuance. On February 2, 2018, the proceeds from the stock sale, supplemented by an additional $423,900 cash, are used to liquidate the $1,206,000 debt. The December 31, 2017, balance sheet is issued...

  • aldson's Delivery Company began p on December 31, 2010 o ny Donald 1. 2018 The 's...

    aldson's Delivery Company began p on December 31, 2010 o ny Donald 1. 2018 The 's Delivery Service Company Talance December 31, 2010 Cr De $15.50 8.000 2.400 1.400 25,000 32.000 23,000 Account Title Cash Accounts Receivable Prepaid Rent Office Supplies Land Building Equipment Accounts Payable Uneared Revenue Notes Payable Donaldson, Capital Donaldson, Withdrawals Service Revenue Salaries Expense Rent Expense Truck Expense Office Expense 10.400 2.500 20.000 57.000 6,400 83.900 28.000 18.000 12.400 1,700 $173,800 Total $173,800 What is the...

  • On September 1, 2018, Cesario Co. lent $2,400 to Ron Wood on a 6-month 6% promissory...

    On September 1, 2018, Cesario Co. lent $2,400 to Ron Wood on a 6-month 6% promissory note. The amount of interest to be accrued on December 31 will be: (Do not round intermediary calculations and round the final answer to the nearest dollar.) O A. $144 O B. $72. O C. $48 OD. $864

  • od 150 for a from March 1 ment for the year ending December 317 December the...

    od 150 for a from March 1 ment for the year ending December 317 December the companys A company u the first Dep sed 110 units for $30 each on January 31 purchased 150 units for $25 each on February 28. r o wentaryong method what is the amount of Cost of Goods Sold on the income ry system) o OA 52.300 14300 C32.750 OD 17.050 postindustrial ap for 1.000 a 70 for the right-in. The company sold the whole...

  • Jamestown Industries issued a $10,000, 90-day, noninterest-bearing note payable to the bank on December 1, 2016....

    Jamestown Industries issued a $10,000, 90-day, noninterest-bearing note payable to the bank on December 1, 2016. At the date of discount, the bank's discount rate was 18 percent. The company would prepare which of the following journal entries on December 31, 2018: a) Interest Expense      150           Interest Payable        150 b)Interest Expense                          150           Discount on Notes Payable    150 c)Interest Payable     150          Note Payable              150 d)Interest Expense      150          Cash                                   150

  • QUESTION 11 On December 1, 2018, Jones Company issued at 105, nine hundred of its 10%,...

    QUESTION 11 On December 1, 2018, Jones Company issued at 105, nine hundred of its 10%, $1,000 bonds. Attached to each bond was one detachable stock warrant entitling the holder to purchase 20 shares of Jones' common stock. On December 1, 2018, the market value of the bonds, without the stock warrants, was 90, and the market value of each stock purchase warrant was $10. The allocation of the value of the warrants would be: O $175,000 $189,000 $200,000 O...

ADVERTISEMENT
Free Homework Help App
Download From Google Play
Scan Your Homework
to Get Instant Free Answers
Need Online Homework Help?
Ask a Question
Get Answers For Free
Most questions answered within 3 hours.
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT