Business, 04.11.2021 09:00, demetriascott20

On June 1, 2019, Everly Bottle Company sold $3,000,000 in long-term bonds The bonds will mature in 5 years and have a stated interest rate of 8% and a yield rate of 10%. The bonds pay interest annually on May 31 of each year. The bonds
are to be accounted for under the effective-interest method.
Construct a bond amortization table for this problem to indicate the amount of interest expense and discount amortization
1 at each May 31. Include only the first four years. Make sure all columns and rows are properly labeled
2 Record the issuance of the bonds on June 1, 2019
Assuming that interest and discount amortization are recorded each May 31, prepare the adjusting entry to be made on
3 December 31, 2021. (Round to the nearest dollar.)

Answers: 2

Show answers

Other questions on the subject: Business

Business, 21.06.2019 18:20, nicollexo21

Alyeska services company, a division of a major oil company, provides various services to the operators of the north slope oil field in alaska. data concerning the most recent year appear below: sales $18,000,000 net operating income $6,300,000 average operating assets $35,200,000 1. compute the margin for alyeska services company. (round your answer to 2 decimal places.) 2. compute the turnover for alyeska services company. (round your answer to 2 decimal places.) 3. compute the return on investment (roi) for alyeska services company. (round your intermediate calculations and final answer to 2 decimal places.)

Answers: 1

continue

Business, 21.06.2019 23:00, gobbler80

Employees of dti, inc. worked 1,600 direct labor hours in january and 1,000 direct labor hours in february. dti expects to use 18,000 direct labor hours during the year, and expects to incur $22,500 of worker’s compensation insurance cost for the year. the cash payment for this cost will be paid in april. how much insurance premium should be allocated to products made in january and february?

Answers: 1

continue

Business, 22.06.2019 03:00, nyahdrake

You are the manager of the packaging department in a cookie factory. (obviously, the packaging employees cannot eat the cookies that are transferred in during the period.) after your employees insert cookies into colorful packages (step 1) for display on store shelves, the packages of cookies are then boxed using cardboard cartons (step 2) for shipment to stores. each unit of product is represented by a carton of packaged cookies. the packaging department began the period with 1,000 units of cookies. during the period, 5,000 units of cookies were transferred in from the baking department and 5,500 units of cookies were transferred out to the finished goods department. the number of units of cookies in the ending inventory of the packaging department equals:

Answers: 1

continue

Business, 22.06.2019 03:30, shawnplayzsavage

He aldermanalderman company has prepared a sales budget of 42 comma 00042,000 finished units for a 3-month period. the company has an inventory of 10 comma 00010,000 units of finished goods on hand at december 31 and has a target finished goods inventory of 11 comma 00011,000 units at the end of the succeeding quarter. it takes 44 gallons of direct materials to make one unit of finished product. the company has inventory of 64 comma 00064,000 gallons of direct materials at december 31 and has a target ending inventory of 53 comma 00053,000 gallons at the end of the succeeding quarter. how many gallons of direct materials should aldermanalderman company purchase during the 3 months ending march 31? select the labels and enter the amounts to calculate the direct materials (gallons) to be purchased.

Answers: 3

continue

Do you know the correct answer?

On June 1, 2019, Everly Bottle Company sold $3,000,000 in long-term bonds The bonds will mature in 5...