The JEM Corporation's fiscal year ends on December 31". On July 1, 2016, JEM authorized $1,000,000 of six-percent, eight-year, callable debentures, scheduled to pay interest annually on cach June 30th. On November 30, 2017, JEM issued half of the bonds, at a premium of $27,650, in return for both cash and a building that had a fair value of $250,000. All interest accrued to the issuance date was also paid in cash by the lender.
On March 1, JEM paid all interest due to date and then (1) called one-half of the bonds, paying each investor $1.200 for each bond held, and (ii) converted the remaining bonds into 2,000 shares of JEM's $100 par value preferred stock.

Although you may wish to understand all the journal entries made from the authorization date to redemption of The JEM Corporation's bonds, provide only the journal entries related to the bonds on July 1, 2016, November 30, 2017, and March 1, 2019.

Variable rate cd’s = $90 treasury bills = $150 discount loans = $20 treasury notes = $100 fixed rate cds = $160 money market deposit accts. = $140 savings deposits = $90 fed funds borrowing = $40 variable rate mortgage loans $140 demand deposits = $40 primary reserves = $50 fixed rate loans = $210 fed funds lending = $50 equity capital = $120 a. develop a balance sheet from the above data. be sure to divide your balance sheet into rate-sensitive assets and liabilities as we did in class and in the examples. b. perform a standard gap analysis and a duration analysis using the above data if you have a 1.15% decrease in interest rates and an average duration of assets of 5.4 years and an average duration of liabilities of 3.8 years. c. indicate if this bank will remain solvent after the valuation changes. if so, indicate the new level of equity capital after the valuation changes. if not, indicate the amount of the shortage in equity capital.

Lucy is catering an important luncheon and wants to make sure her bisque has the perfect consistency. for her bisque to turn out right, it should have the consistency of a. cold heavy cream. b. warm milk. c. foie gras. d. thick oatmeal.

When a market is in equilibrium, the buyers are those with the willingness to pay and the sellers are those with the costs.