Date | Description | Debit | Credit | Assets | Liabilities | Equity |
Mar 1 | Cash | 32700000 | ↑ | |||
Bonds payable | 32700000 | ↑ | ||||
Sept 1 | Interest expense | 981000 | ↓ | |||
Cash | 981000 | ↓ | ||||
Date | Description | Debit | Credit | Assets | Liabilities | Equity |
Sept 1 | Bonds payable | 32700000 | ↓ | |||
Loss on redemption of bonds | 654000 | ↓ | ||||
Cash | 33354000 | ↓ |
Entries for issuing and calling bonds; loss Instructions Chart of Accounts Journal Instructions AwN- Hoover Corp., a wh...
Entries for issuing and calling bonds; gain Instructions Chart of Accounts Journal Instructions Mia Breen Corp. produces and sells wind-energy-driven engines. To finance its operations, Mia Breen issued $32,700,000 of 20-year, 6% callable bonds on May 1, Year 1, at their face amount, with interest payable on May 1 and November 1. The fiscal year of the company is the calendar year. Journalize the entries to record the following selected transactions. Refer to the Chart of Accounts for exact wording...
please help Entries for issuing and calling bonds; loss Instructions Chart of Accounts Journal Instructions Adele Corp., a wholesaler of music equipment, issued $32,700,000 of 20-year, 6% callable bonds on March 1, 20Y1, at their face amount, with interest payable on March 1 and September 1. The fiscal year of the company is the calendar year. Journalize the entries to record the following selected transactions. Refer to the Chart of Accounts for exact wording of account bites 2011 1 1...
Hoover Corp., a wholesaler of music equipment, issued $32,700,000 of 20-year, 6% callable bonds on March 1, 20Y2, at their face amount, with interest payable on March 1 and September 1. The fiscal year of the company is the calendar year. Journalize the entries to record the following selected transactions. Refer to the Chart of Accounts for exact wording of account titles. 20Y2 Mar. 1 Issued the bonds for cash at their face amount. Sept. 1 Paid the interest on...
Bond premium, entries for bonds payable transactions, interest method of amortizing bond premium Instructions Chart of Accounts ! Journal ! Final Question Instructions Campbell, Inc. produces and sells outdoor equipment. On July 1, 20Y1. Campbell issued $30,000,000 of 10-year, 10% bonds at a market (effective) interest rate of 9%, receiving cash of $31,951,110. Interest on the bonds is payable semiannually on December 31 and June 30. The fiscal year of the company is the calendar year. Required: 1. Journalize the...
10 Homework Show Me How Calculator Printem Entries toelastallment note transactions Chart of Accounts Journal Final Question On the of othecary Sher Company borrowed 6000 by giving a seven years installment note to Soros Hank The not requires annual payments of $15.995, with the first payment occur a year The first payment consists of rest of 53.840 and principal repayment of 12.155 on the last de om the entries to record the f a ctions Refer to the Chef Account...
CHART OF ACCOUNTS Thomson Co. General Ledger ASSETS 110 Cash 111 Petty Cash 121 Accounts Receivable 122 Allowance for Doubtful Accounts 126 Interest Receivable 127 Notes Receivable 131 Merchandise Inventory 141 Office Supplies 142 Store Supplies 151 Prepaid Insurance 191 Land 192 Store Equipment 193 Accumulated Depreciation-Store Equipment 194 Office Equipment 195 Accumulated Depreciation-Office Equipment LIABILITIES 210 Accounts Payable 221 Salaries Payable 231 Sales Tax Payable 232 Interest Payable 241 Notes Payable 251 Bonds Payable 252 Discount on Bonds Payable...
Adele Corp., a wholesaler of music equipment, issued $19,600,000 of 20-year, 7% callable bonds on March 1, 20Y1, at their face amount, with interest payable on March 1 and September 1. The fiscal year of the company is the calendar year. Journalize the entries to record the following selected transactions. Refer to the Chart of Accounts for exact wording of account titles. 20Y1 Mar. 1 Issued the bonds for cash at their face amount. Sept. 1 Paid the interest on...
Adele Corp., a wholesaler of music equipment, issued $11,200,000 of 20-year, 9% callable bonds on March 1, 20Y1, at their face amount, with interest payable on March 1 and September 1. The fiscal year of the company is the calendar year. Journalize the entries to record the following selected transactions. Refer to the Chart of Accounts for exact wording of account titles. 20Y1 Mar. 1 Issued the bonds for cash at their face amount. Sept. 1 Paid the interest on...
Mia Breen Corp. produces and sells wind-energy-driven engines. To finance its operations, Mia Breen issued $30,500,000 of 20-year, 10% callable bonds on May 1, Year 1, at their face amount, with interest payable on May 1 and November 1. The fiscal year of the company is the calendar year. Journalize the entries to record the following selected transactions. Refer to the Chart of Accounts for exact wording of account titles. Year 1 May 1 Issued the bonds for cash at...
An $800,000 bond issue on which there is an unamortized premium of $57,000 is redeemed for $785,000. Journalize the redemption of the bonds. Refer to the Chart of Accounts for exact wording of account titles. CHART OF ACCOUNTS General Ledger ASSETS 110 Cash 111 Petty Cash 121 Accounts Receivable 122 Allowance for Doubtful Accounts 126 Interest Receivable 127 Notes Receivable 131 Merchandise Inventory 141 Office Supplies 191 Land 194 Office Equipment 195 Accumulated Depreciation-Office Equipment LIABILITIES 210 Accounts Payable 221...