Business
Business, 07.12.2019 00:31, mashejaj

Hillside issues $2,600,000 of 5%, 15-year bonds dated january 1, 2015, that pay interest semiannually on june 30 and december 31. the bonds are issued at a price of $3,182,390. required: .1. for each semiannual period, complete the table below to calculate the cash payment.2. for each semiannual period, complete the table below to calculate the straight-line premium amortization. (round "unamortized premium" to whole dollar and use the rounded value for part 4 & 5.)3. for each semiannual period, complete the table below to calculate the bond interest expense.4. complete the below table to calculate the total bond interest expense to be recognized over the bonds' life5. prepare the first two years of an amortization table using the straight-line method6. prepare the journal entries to record the first two interest payments.7. prepare the january 1, 2015, journal entry to record the bonds’ issuance.

answer
Answers: 3

Other questions on the subject: Business

image
Business, 21.06.2019 13:00, evelynnn511
Shereen has accidentally overdrawn her checking account this month. , she has a little money in savings and can cover costs for now, but she has to find a way to reduce her monthly spending. which strategy will not shereen reduce her monthly expenses?
Answers: 1
image
Business, 21.06.2019 15:50, shealene7
Which one of the following is never part of recording the requisition and issuance of raw materials in a job order cost system? debit finished goods inventory debit manufacturing overhead credit raw materials inventory debit work in process
Answers: 2
image
Business, 21.06.2019 20:30, PerfectMagZ
Abond is issued for less than its face value. which statement most likely would explain why? a. the bond's contract rate is higher than the market rate at the time of the issue. b. the bond's contract rate is the same as the market rate at the time of the issue. c. the bond's contract rate is lower than the market rate at the time of the issue. d. the bond isn't secured by specific assets of the corporation.
Answers: 1
image
Business, 21.06.2019 22:20, trea56
Steele bicycle manufacturing company currently produces the handlebars used in manufacturing its bicycles, which are high-quality racing bikes with limited sales. steele produces and sells only 10,000 bikes each year. due to the low volume of activity, steele is unable to obtain the economies of scale that larger producers achieve. for example, steele could buy the handlebars for $31 each: they cost $34 each to make. the following is a detailed breakdown of current production costs: after seeing these figures, steele's president remarked that it would be foolish for the company to continue to produce the handlebars at $34 each when it can buy them for $31 each. calculate the total relevant cost. do you agree with the president's conclusion?
Answers: 1
Do you know the correct answer?
Hillside issues $2,600,000 of 5%, 15-year bonds dated january 1, 2015, that pay interest semiannuall...

Questions in other subjects:

Konu
Mathematics, 30.08.2019 21:00