Maurice Tutor

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Algebra,Applied Sciences,Biology,Calculus,Chemistry,Economics,English,Essay writing,Geography,Geology,Health & Medical,Physics,Science Hide all
Teaching Since: May 2017
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  • MCS,PHD
    Argosy University/ Phoniex University/
    Nov-2005 - Oct-2011

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  • Professor
    Phoniex University
    Oct-2001 - Nov-2016

Category > Accounting Posted 06 May 2018 My Price 5.00

Buchheit Enterprises

On January 1, 2015, Buchheit Enterprises reported $123,500 in a liability called Bonds Payable, Net. This liability related to a $130,000 bond with a stated interest rate of 5 percent that was issued when the market interest rate was 7 percent. Assuming that interest is paid December 31 each year, prepare the journal entry to record interest paid on December 31, 2015, using the simplified effective-interest method. (If no entry is required for a transaction/event, select No Journal Entry Required in the first account field.) view transaction list view general journal Journal Entry Worksheet Record the interest payment on December 31, 2015. Date General Journal Debit Credit December 31, 2015

can someone help me with this

On January 1, 2015, Buchheit Enterprises reported $123, 500 in a liability called "Bonds Payable, Net." This liability related to a $130,000 bond with a stated interest rate of 5 percent that was issued when the market interest rate was 7 percent. Assuming that interest is paid December 31 each year, prepare the journal entry to record interest paid on December 31, 2015, using the simplified effective-interest method. (If no entry is required for a transaction/event, select "No Journal Entry Required" in the first account field.)

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Maurice Tutor
(5)
Status NEW Posted 06 May 2018 06:05 PM My Price 5.00

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