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, 4 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 25 Jun 2018 My Price 5.00

Cullumber Corporation

On January 1, 2017, Cullumber Corporation issued $760,00 of 9% bonds, due in 10 years. The bonds were issued for $712,644, and pay interest each July 1 and January 1.

 

Prepare the company's journal entries for (a) the January 1 issuance, (b) the July 1 interest payment,  and (c) the December 31 adjusting entry.  Assume an effective- interest rate of 10%.

 

Can someone explain to me the IFRS regulation in regards to this type of problem?  I am not understanding the difference between IFRS and GAAP, therefore, I don't even know where to start with this problem. Thank you.

Answers

Maurice Tutor
(5)
Status NEW Posted 25 Jun 2018 10:06 PM My Price 5.00

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)