Alpha Geek

(8)

$10/per page/Negotiable

About Alpha Geek

Levels Tought:
University

Expertise:
Accounting,Algebra See all
Accounting,Algebra,Architecture and Design,Art & Design,Biology,Business & Finance,Calculus,Chemistry,Communications,Computer Science,Environmental science,Essay writing,Programming,Social Science,Statistics Hide all
Teaching Since: Apr 2017
Last Sign in: 442 Weeks Ago, 2 Days Ago
Questions Answered: 9562
Tutorials Posted: 9559

Education

  • bachelor in business administration
    Polytechnic State University Sanluis
    Jan-2006 - Nov-2010

  • CPA
    Polytechnic State University
    Jan-2012 - Nov-2016

Experience

  • Professor
    Harvard Square Academy (HS2)
    Mar-2012 - Present

Category > Accounting Posted 18 Jun 2017 My Price 5.00

On January 1, Year 1, the Gatrong Corporation purchased 12%, five-year Fleming Corporation bonds

On January 1, Year 1, the Gatrong Corporation purchased 12%, five-year Fleming Corporation bonds with a face value of $200,000. It expects to hold these bonds until maturity. The bonds pay interest semiannually on June 30 and December 31. Gatrong paid $215,443, a price that yields a 10% effective annual interest rate. Prepare the journal entry of Gatrong to record the purchase of the bonds.

 

Answers

Alpha Geek
(8)
Status NEW Posted 18 Jun 2017 07:06 AM My Price 5.00

-----------

Attachments

file 1497770390-1943439_1_636332630713531169_Bonds-Purchase-Journal.xlsx preview (96 words )
19-----------434-----------39&-----------amp-----------;am-----------p;i-----------nfo-----------Id=-----------515-----------185-----------&am-----------p;a-----------mp;-----------Bon-----------ds -----------pur-----------cha-----------se -----------Jou-----------rna-----------lOn----------- Ja-----------nua-----------ry -----------1, -----------Yea-----------r 1-----------, t-----------he -----------Gat-----------ron-----------g C-----------orp-----------ora-----------tio-----------n p-----------urc-----------has-----------ed -----------12%-----------, f-----------ive------------ye-----------ar -----------Fle-----------min-----------g C-----------orp-----------ora-----------tio-----------n b-----------ond-----------s w-----------ith----------- a -----------fac-----------e v-----------alu-----------e o-----------f $-----------200-----------,00-----------0. -----------It -----------exp-----------ect-----------s t-----------o h-----------old----------- th-----------ese----------- bo-----------nds----------- un-----------til----------- ma-----------tur-----------ity-----------. T-----------he -----------bon-----------ds -----------pay----------- in-----------ter-----------est----------- se-----------mia-----------nnu-----------all-----------y o-----------n J-----------une----------- 30----------- an-----------d D-----------ece-----------mbe-----------r 3-----------1. -----------Gat-----------ron-----------g p-----------aid----------- $2-----------15,-----------443-----------, a----------- pr-----------ice----------- th-----------at -----------yie-----------lds----------- a -----------10%----------- ef-----------fec-----------tiv-----------e a-----------nnu-----------al -----------int-----------ere-----------st -----------rat-----------e. -----------Pre-----------par-----------e t-----------he -----------jou-----------rna-----------l e-----------ntr-----------y o-----------f G-----------atr-----------ong----------- to----------- re-----------cor-----------d t-----------he
Not Rated(0)