subject
Business, 22.09.2020 14:01 XAINEE

Rockwood Company issued $100,000 of 10% bonds on November 1, 2016, at 103. Interest on the bonds is payable on November 1 and May 1 of each year, and the maturity date is November 1, 2026. Rockwood retired bonds with a face value of $20,000 on February 1, 2018, at 98 plus accrued interest. Rockwood uses straight-line amortization and reverses any calendar year-end adjusting entries. Required:

1. Prepare the journal entry to record the issuance of the bonds on November 1, 2016.

2. Prepare all the journal entries to record the interest expense during 2017.

3. Prepare the journal entries to record the retirement of $20,000 of the bonds on February 1, 2018.

ansver
Answers: 3

Another question on Business

question
Business, 21.06.2019 22:30
Match the vocabulary word to the correct definition. 1. human resources department 2. job description 3. ethics 4. labor relations 5. occupational safety & health administration a. a detailed list of the functions and requirements for a position b. the exchange between the employer and employee c. principles that define appropriate conduct d. the government agency responsible for monitoring safety in the workplace e. the division of a business responsible for hiring, managing,maintaining, and firing the workforce
Answers: 1
question
Business, 22.06.2019 06:20
At a small store, a customer enters the front door on average every 8 minutes. a prior study indicated that the time between customers entering the front door during weekdays follows an exponential distribution. what is the probability that the time between customers entering the store on a weekday will be less than or equal to 7? select one: a. 62 b. 43 c. 1/8 d. 7/8 e. 58
Answers: 1
question
Business, 22.06.2019 15:00
1. list five staple convenience goods that you or your household buys on a regular basis. (you do not need to use complete sentences. 2.5 points) 2. list three impulse convenience goods that you or someone you know has purchased. (you do not need to use complete sentences. 2.5 points) 3. describe a shopping good that you or someone you know purchased. what kind of research did you or that person do before buying the product? (1-5 sentences. 3.0 points) 4. choose an example of a company you could start, and decide which business structure would make the most sense for that type of company (sole proprietorship, partnership, llc, c corporation, s corporation, or nonprofit corporation). explain why this structure would be good for this type of company. give at least 3 reasons. (3-6 sentences. 6.0 points) 5. if you were starting a new business, describe at least three departments to the company that you would need right away. why are these departments so important? (1-5 sentences. 3.0 points) 6. describe a product that you think has saturated its market. what makes you think it has saturated its market? (1-5 sentences. 3.0 points)
Answers: 2
question
Business, 22.06.2019 19:10
Below are the steps in the measurement process of external transactions. arrange them from first (1) to last (6). event step post transactions to the general ledger. assess whether the transaction results in a debit or credit to account balances. use source documents to identify accounts affected by an external transaction. analyze the impact of the transaction on the accounting equation. prepare a trial balance. record the transaction in a journal using debits and credits.
Answers: 3
You know the right answer?
Rockwood Company issued $100,000 of 10% bonds on November 1, 2016, at 103. Interest on the bonds is...
Questions
question
Social Studies, 03.07.2020 09:01
question
Computers and Technology, 03.07.2020 09:01
Questions on the website: 13722367