Mathematics, 02.09.2021 04:10 johannah51
Entries for Issuing Bonds and Amortizing Premium by Straight-Line Method
Smiley Corporation wholesales repair products to equipment manufacturers. On April 1, Year 1, Smiley issued $20,000,000 of five-year, 9% bonds at a market (effective) interest rate of 8%, receiving cash of $20,811,010. Interest is payable semiannually on April 1 and October 1.
a. Journalize the entry to record the issuance of bonds on April 1, Year 1. For a compound transaction, if an amount box does not require an entry, leave it blank.
Cash 20,811,010 0
Premium on Bonds Payable 0 811,010
Bonds Payable 0 20,000,000
b. Journalize the entry to record the first interest payment on October 1, Year 1, and amortization of bond premium for six months, using the straight-line method. (Round to the nearest dollar.) For a compound transaction, if an amount box does not require an entry, leave it blank.
Interest Expense
Premium on Bonds Payable
Cash
Answers: 3
Mathematics, 21.06.2019 21:30, ajm1132005
Questions 9-10. use the table of educational expenditures to answer the questions. k-12 education expenditures population indiana $9.97 billion 6.6 million illinois $28.54 billion 12.9 million kentucky $6.58 billion 4.4 million michigan $16.85 billion 9.9 million ohio $20.23 billion 11.6million 9. if the amount of k-12 education expenses in indiana were proportional to those in ohio, what would have been the expected value of k-12 expenditures in indiana? (give the answer in billions rounded to the nearest hundredth) 10. use the value of k-12 education expenditures in michigan as a proportion of the population in michigan to estimate what the value of k-12 education expenses would be in illinois. a) find the expected value of k-12 expenditures in illinois if illinois were proportional to michigan. (give the answer in billions rounded to the nearest hundredth) b) how does this compare to the actual value for k-12 expenditures in illinois? (lower, higher, same? )
Answers: 1
Mathematics, 21.06.2019 23:30, xelynncaldera
In the diagram, ab is tangent to c, ab = 4 inches, and ad = 2 inches. find the radius of the circle.
Answers: 1
Entries for Issuing Bonds and Amortizing Premium by Straight-Line Method
Smiley Corporation wholes...
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