Mills corporation acquired as a long-term investment $200 million of 7% bonds, dated july 1, on july 1, 2018. company management is holding the bonds in its trading portfolio. the market interest rate (yield) was 5% for bonds of similar risk and maturity. mills paid $240 million for the bonds. the company will receive interest semiannually on june 30 and december 31. as a result of changing market conditions, the fair value of the bonds at december 31, 2018, was $210 million. required: 1. & 2. prepare the journal entry to record mills’ investment in the bonds on july 1, 2018 and interest on december 31, 2018, at the effective (market) rate. 3. at what amount will mills report its investment in the december 31, 2018, balance sheet? 4. suppose moody’s bond rating agency upgraded the risk rating of the bonds, and mills decided to sell the investment on january 2, 2019, for $250 million. prepare the journal entries to record the sale

The owners of spokes bicycle shop worry that cash flow this winter may be insufficient to meet the current operating expenses. while they anticipate a surplus of cash inflow as warm weather approaches, they need funds now to meet the company's immediate obligations. the owners can best resolve cash flow concerns by obtaining financing.

Awell-written business plan can improve your chances of getting funding and give you more free time. improved logistics. greater negotiating power.

Exercise 15-7 crawford corporation incurred the following transactions. 1. purchased raw materials on account $53,000. 2. raw materials of $45,200 were requisitioned to the factory. an analysis of the materials requisition slips indicated that $9,400 was classified as indirect materials. 3. factory labor costs incurred were $65,400, of which $50,200 pertained to factory wages payable and $15,200 pertained to employer payroll taxes payable. 4. time tickets indicated that $55,000 was direct labor and $10,400 was indirect labor. 5. manufacturing overhead costs incurred on account were $81,700. 6. depreciation on the company’s office building was $8,100. 7. manufacturing overhead was applied at the rate of 160% of direct labor cost. 8. goods costing $89,400 were completed and transferred to finished goods. 9. finished goods costing $76,000 to manufacture were sold on account for $105,100. journalize the transactions. (credit account titles are automatically indented when amount is entered. do not indent manually.) no. account titles and explanation debit credit (1) (2) (3) (4) (5) (6) (7) (8) (9) (to record the sale) (to record the cost of the sale) click if you would like to show work for this question: open show work