On January 1, 2019, Commercial Equipment Sales issued $ 36 comma 000 in bonds for $ 20 comma 700. These are sixminusyear bonds with a stated interest rate of 15%, and pay semiannual interest on June 30 and December 31. Commercial Equipment Sales uses the straightminusline method to amortize the Bond Discount. What amount is debited to Interest Expense on June 30, 2019?

Achecklists should be based on past

The gomez company, a merchandising firm, has budgeted its activity for december according to the following information: • sales at $500,000, all for cash. • merchandise inventory on november 30 was $250,000. • the cash balance at december 1 was $20,000. • selling and administrative expenses are budgeted at $50,000 for december and are paid for in cash. • budgeted depreciation for december is $30,000. • the planned merchandise inventory on december 31 is $260,000. • the cost of goods sold represents 75% of the selling price. • all purchases are paid for in cash. the budgeted cash disbursements for december are:

On the first day of the fiscal year, a company issues an $7,500,000, 8%, five-year bond that pays semiannual interest of $300,000 ($7,500,000 × 8% × ½), receiving cash of $7,740,000. journalize the first interest payment and the amortization of the related bond premium. round to the nearest dollar. if an amount box does not require an entry, leave it blank.