Premium Amortization on Bond Investment and Partial Sale of the Investment Using the Effective Interest Method OnJanuary 1. 2013. Hyde Corporation purchased bonds with a face value of $300,000 for 530837353. The bonds are dueJune 30. 2016, carry a 13% stated interest rate. and were purchased to yield 12%. Interest is payable semiannually on June30 and December 31. On March 31. 2014. in contemplation of a major acquisition. the company sold one-half the bondsfor 5159.500 including accrued interest: the remainder were held until maturity. Required:Prepare the journal entries to record the purchase of the bonds. each interest payment. the partial sale of the investmenton March 31, 2014. and the retirement of the bond issue on June 30, 2016.

Allen's office department manufactures computer desks in its​ moosejaw, saskatchewan, plant. the company uses activity based costing to allocate all manufacturing conversion costs​ (direct labour and manufacturing​ overhead). its activities and related data​ follow: ​(click the icon to view the activity areas and related​ data.) requirements 1. compute the​ per-unit manufacturing product cost of standard desks and unpainted desks. 2. premanufacturing​ activities, such as product​ design, were assigned to the standard desks at $ 5 each and to the unpainted desks at $ 2 each. similar analyses were conducted of postmanufacturing​ activities, such as​ distribution, marketing, and customer service. the postmanufacturing costs were $ 31 per standard and $ 26 per unpainted desk. compute the full product costs per desk. 3. which product costs are reported in the external financial​ statements? which costs are used for management decision​ making? explain the difference. 4. what price should allen's managers set for standard desks to earn a $ 52 profit per​ desk?