Maurice Tutor

(5)

$15/per page/Negotiable

About Maurice Tutor

Levels Tought:
Elementary,Middle School,High School,College,University,PHD

Expertise:
Algebra,Applied Sciences See all
Algebra,Applied Sciences,Biology,Calculus,Chemistry,Economics,English,Essay writing,Geography,Geology,Health & Medical,Physics,Science Hide all
Teaching Since: May 2017
Last Sign in: 401 Weeks Ago, 3 Days Ago
Questions Answered: 66690
Tutorials Posted: 66688

Education

  • MCS,PHD
    Argosy University/ Phoniex University/
    Nov-2005 - Oct-2011

Experience

  • Professor
    Phoniex University
    Oct-2001 - Nov-2016

Category > Accounting Posted 20 Aug 2017 My Price 7.00

Lerner Corporation

Ex 12-7 Entries for issuing bonds and amortizing premium by straight-line method ObJ. 2, 3 Lerner Corporation wholesales repair products to equipment manufacturers. On  April  1, 2016, Lerner Corporation issued $12,000,000 of five-year, 8%  bonds  at  a  market  (effec- tive) interest rate of  6%,  receiving  cash  of  $13,023,576.  Interest  is  payable  semiannually on  April  1  and  October  1.  Journalize  the  entries  to  record  the following:

a.     Issuance of bonds on April 1, 2016.

b.     First interest payment on October 1, 2016, and amortization of bond premium for six months, using the straight-line method. (Round to the nearest dollar.)

c.     Explain why the company was able to issue the bonds for $13,023,576 rather than for the face amount of $12,000,000.

Answers

Maurice Tutor
(5)
Status NEW Posted 20 Aug 2017 07:08 PM My Price 7.00

Hel-----------lo -----------Sir-----------/Ma-----------dam-----------Tha-----------nk -----------You----------- fo-----------r u-----------sin-----------g o-----------ur -----------web-----------sit-----------e a-----------nd -----------and----------- ac-----------qui-----------sit-----------ion----------- of----------- my----------- po-----------ste-----------d s-----------olu-----------tio-----------n.P-----------lea-----------se -----------pin-----------g m-----------e o-----------n c-----------hat----------- I -----------am -----------onl-----------ine----------- or----------- in-----------box----------- me----------- a -----------mes-----------sag-----------e I----------- wi-----------ll

Not Rated(0)
Relevent Questions