Business, 24.04.2020 23:44 ashley2816
On March 1, 2018, Stratford Lighting issued 10% bonds, dated March 1, with a face amount of $870,000. The bonds sold for $855,000 and mature on February 28, 2038 (20 years). Interest is paid semiannually on August 31 and February 28. Stratford uses the straight-line method and its fiscal year ends December 31.
Required:.
1. Prepare the journal entry to record the issuance of the bonds by Stratford Lighting on March 1, 2018.
2. Prepare the journal entry to record interest on August 31, 2018.
3. Prepare the journal entry to accrue interest on December 31, 2018.
4. Prepare the journal entry to record interest on February 28, 2019.
Answers: 1
Business, 21.06.2019 23:30
Afinancial institution, the thriftem bank, is in the process of formulating its loan policy for the next quarter. a total of $12 million is allocated for that purpose. being a full-service facility, the bank is obligated to grant loans to different clientele. the following table provides the types of loans, the interest rate charged by the bank, and the possibility of bad debt as estimated from past experience.type of loaninterest rateprobability of bad debtpersonal.140.10car.130.07home.120.03farm.125.05commercial.100.02 bad debts are assumed unrecoverable and hence produce no interest revenue either. competition with other financial institutions in the area requires that the bank allocate at least 40% of the total funds to farm and commercial loans. to assist the housing industry in the region, home loans must equal at least 50% of the personal, car, and home loans. the bank also has a stated policy specifying that the overall ratio for bad debts on all loans may not exceed .04. formulate this problem as a linear program. define your variables clearly and write all the constraints explaining the significance of each.
Answers: 1
Business, 22.06.2019 00:50
Hanna intends to give her granddaughter, melodee, her antique hat pin. this heirloom has been kept under lock and key in the wall vault in the library of hanna's house in virginia. the hat pin is currently the only item in the vault. when hanna is visiting melodee in connecticut, hanna gives melodee the only key to the vault. melodee is grateful for the present and excitedly accepts. in this situation has there been a completed gift?
Answers: 3
Business, 22.06.2019 09:00
Afood worker has just rinsed a dish after cleaning it.what should he do next?
Answers: 2
On March 1, 2018, Stratford Lighting issued 10% bonds, dated March 1, with a face amount of $870,000...
Mathematics, 13.12.2021 20:30
Social Studies, 13.12.2021 20:30
Mathematics, 13.12.2021 20:30
SAT, 13.12.2021 20:30
SAT, 13.12.2021 20:30
Mathematics, 13.12.2021 20:30
Mathematics, 13.12.2021 20:30