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: 398 Weeks Ago, 5 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 29 May 2018 My Price 7.00

ABC Company's bonds

I need help in making the journal entries for 3 transactions (#F, #I, #N) below from a case assigned by my prof. Can someone help me?

 

Begin : July 1, 2017

End : June 30, 2018

 

F.   On July 1, 2017, our company bought $150,000 (in cash) ABC Company 4% bonds at face (par) value. ABC Company's bonds pay interest semi-annually every January 1st and July 1st. We intend to hold ABC Company's bonds as Available-for-Sale Securities.

 

I.     On April 1, 2017, our company bought a building that cost $400,000. The expected life for the new building is 20 years with no salvage value. We used a straight line method to depreciate the building. We paid 35% in cash and issued a 4% 5-year note payable for the rest. The note requires annual interest payments.

 

N.  During June 2018, our company paid $10,000 to acquire our own shares and the shares are classified as Treasury Shares.

Answers

Maurice Tutor
(5)
Status NEW Posted 29 May 2018 08:05 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 -----------acq-----------uis-----------iti-----------on -----------of -----------my -----------pos-----------ted----------- so-----------lut-----------ion-----------.Pl-----------eas-----------e p-----------ing----------- me----------- on----------- ch-----------at -----------I a-----------m o-----------nli-----------ne -----------or -----------inb-----------ox -----------me -----------a m-----------ess-----------age----------- I -----------wil-----------l b-----------e

Not Rated(0)