CourseLover

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  • MCS,MBA(IT), Pursuing PHD
    Devry University
    Sep-2004 - Aug-2010

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  • Assistant Financial Analyst
    NatSteel Holdings Pte Ltd
    Aug-2007 - Jul-2017

Category > Business & Finance Posted 09 Dec 2017 My Price 10.00

ACCT 607 Name_____________________ Applied Case #5

Any assistance is appreciated to help by Sunday at 12PM 

Page 1 of 4 ACCT 607 Name_____________________ Applied Case #5 (Chapters 10 and 11) Answer the following six questions based on the provided excerpts from a selection of greater Washington area public companies’ 10-Ks for recent year-ends. Part I: Marriott International Inc.’s (NASDAQ: MAR; Bethesda, MD) The Long-Term Debt footnote from Marriott’s 2014 10-K (p. 79) includes the following information: In the 2013 third quarter, we issued $350 million aggregate principal amount of 3.4 percent Series M Notes due 2020 (the “Series M Notes”). We received net proceeds of approximately $345 million from the offering, after deducting the underwriting discount and estimated expenses. We pay interest on the Series M Notes on April 15 and October 15 of each year, commencing on April 15, 2014. These Series M Notes are described as: Series M Notes, interest rate of 3.4%, face amount of $350, maturing October 15, 2020 (effective interest rate of 3.6%) 1. What journal entry would have been recorded in the third quarter of 2013 to record the issuance of the Series M Notes? 2. Record the interest payment and interest expense on April 15 and October 15, 2014. April 15: October 15:
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Status NEW Posted 09 Dec 2017 06:12 AM My Price 10.00

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