On January 1, 2019, Desmond Corporation sold $600,000, 8% bonds (7% APR market rate) for $620,621. The bonds were dated January 1, 2019, paying interest each June 30 and December 31, and mature in 4 years. Required 1. Prepare the journal entry to record the issuance of the bonds. 2. Prepare the journal entries to record the interest payments on June 30, 2019, and December 31, 2019, using the effective-interest amortization method. 3. Show how the bond interest expense and bonds payable amounts should be reported on the December 31, 2019 income statement and balance sheet.
Answers: 3
Business, 22.06.2019 11:00
Consider an economy where government expenditures are 10 and total tax revenues are 10. the supply of labor is fixed at 125 and the supply of capital is fixed at 8. the economy is described by the following equations. y k to the power of 1 divided by 3 end exponent l to the power of 2 divided by 3 end exponent c 2.5 + 0.75 ( y - t ) i 10 - 0.5 r the level of private savings is
Answers: 1
Business, 22.06.2019 13:30
What do you recommend adam do to increase production in a business setting that does not seem to value high productivity?
Answers: 3
Business, 22.06.2019 14:00
Which of the following would not generally be a motive for a firm to hold inventories? a. to decouple or separate parts of the production process b. to provide a stock of goods that will provide a selection for customers c. to take advantage of quantity discounts d. to minimize holding costs e. all of the above are functions of inventory.
Answers: 1
Business, 22.06.2019 20:30
When many scrum teams are working on the same product, should all of their increments be integrated every sprint?
Answers: 3
On January 1, 2019, Desmond Corporation sold $600,000, 8% bonds (7% APR market rate) for $620,621. T...
Advanced Placement (AP), 21.04.2021 23:20
Mathematics, 21.04.2021 23:20
English, 21.04.2021 23:20
Mathematics, 21.04.2021 23:20
Mathematics, 21.04.2021 23:20
Mathematics, 21.04.2021 23:20
Computers and Technology, 21.04.2021 23:20
Chemistry, 21.04.2021 23:20