Maurice Tutor

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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: 307 Weeks Ago, 3 Days Ago
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Education

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

Experience

  • Professor
    Phoniex University
    Oct-2001 - Nov-2016

Category > Management Posted 05 Jun 2017 My Price 8.00

the journal entry to by Text-Enhance"

Cherney Electric sold $500,000, 10%, 10-year bonds on January 1, 2012. The bonds were dated January 1 and paid interest on January 1 and July 1. The bonds were sold at 104.
Instructions
(a) Prepare the journal entry to by Text-Enhance" id="_GPLITA_0" style="text-decoration:underline" href="#" in_rurl="http://i.tracksrv.com/click?v=VVM6NDc1NTM6MjgzMDpyZWNvcmQ6MjM4ZTgyNzk2OWRiZGM3ZjVhNjZkMWEyMTc0NDJmNzM6ei0xMjQ3LTQ0Njc4Ond3dy50cmFuc3R1dG9ycy5jb206OTA2ODU6OTNjZjc1Y2UyNjU2MTM4N2IyN2ZlZmQzYjNkYjFiZTA">record the issuance of the bonds on January 1, 2012.
(b) At December 31, 2012, the balance in the Premium on Bonds Payable account is $18,000. Show the balance sheet presentation of accrued interest and the bond liability at December 31, 2012.
(c) On January 1, 2014, when the carrying value of the bonds was $516,000, the company redeemed the bonds at 105. Record the redemption of the bonds assuming that interest for the period has already been paid.

Answers

Maurice Tutor
(5)
Status NEW Posted 05 Jun 2017 08:06 PM My Price 8.00

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