Business, 19.12.2019 05:31 kevinmarroquin6
On january 1, 2018, statewide sales issued $32,000 in bonds for $18,700. these are six−year bonds with a stated rate of 12% and pay semiannual interest. statewide sales uses the straight−line method to amortize the bond discount. immediately after the issue of the bonds, the ledger balances appeared as follows: bonds payable
34,000
discount on bonds payable
15,300
after the second interest payment on december 31, 2017, what is the balance of discount on bonds payable? (round any intermediate calculations to two decimal places, and your final answer to the nearest dollar.)
a. debit of $14,025
b. debit of $16,575
c. credit of $15,300
d. debit of $12,750
Answers: 3
Business, 22.06.2019 14:40, ZoomZoom44
You are purchasing a bond that currently sold for $985.63. it has the time-to-maturity of 10 years and a coupon rate of 6%, paid semi-annually. the bond can be called for $1,020 in 3 years. what is the yield to maturity of this bond?
Answers: 2
Business, 23.06.2019 00:40, kate5582
Mesa company produces wooden rocking chairs. the company has two production departments, cutting and assembly. the wood is cut and sanded in cutting and then transferred to assembly to be assembled and painted. from assembly, the chairs are transferred to finished goods inventory and then are sold. mesa has compiled the following information for the month of february: cutting department assemblydepartmentdirect materials $ 73,000 $ 13,000direct labor 73,000 108,000applied manufacturing overhead 159,000 171,000cost of goods completed and transferred out 233,000 255,000required: 1, 2, 3, & 4. prepare journal entries for the transactions in the cutting and assembly departments of mesa company. (if no entry is required for a transaction/event, select "no journal entry required" in the first account field.)
Answers: 3
On january 1, 2018, statewide sales issued $32,000 in bonds for $18,700. these are six−year bonds wi...
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