Benson industries, inc. issued $2,000,000 of 8% debentures on may 1, 2001 and received cash totaling $1,774,526. the bonds pay interest semiannually on may 1 and nov. 1. the maturity date on these bonds is nov. 1, 2009. the firm uses the effective interest method of amortizing discounts and premiums. the bonds were sold to yield an effective interest rate of 10%. show all calculations. 1) prepare all journal entries for 2001 2) prepare a partial balance sheet showing the presentation of the bonds and the interest payable at dec. 31, 2001

Suppose someone wants to sell a piece of land for cash. the selling of a piece of land represents turning econ

Comprehensive illustrative problem: mira's store on february 1 20a4 mica delaman opened astore that sells school supplies her main customer are the students and teachers of happy students school that is situated in front of her store. mira wanted to know the financial position of mira's store. mira knew you were studying accounting. so she asked for . 1. to start her business mira's opened a checking account in the name of mira's store . the statement of account from the bank shows that the checking account has a balance of 31,535 of december 31,20a4

The following information is needed to reconcile the cash balance for gourmet catering services. * a deposit of $5,600 is in transit. * outstanding checks total $1,000. * the book balance is $6,400 at february 28, 2019. * the bookkeeper recorded a $1,800 check as $17,200 in payment of the current month's rent. * the bank balance at february 28, 2019 was $17,410. * a deposit of $400 was credited by the bank for $4,000. * a customer's check for $3,300 was returned for nonsufficient funds. * the bank service charge is $90. what was the adjusted book balance?