Maurice Tutor

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About Maurice Tutor

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Expertise:
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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
Last Sign in: 402 Weeks Ago, 6 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 > Accounting Posted 05 Aug 2017 My Price 13.00

Florence Corporation

Florence Corporation issued $300,000, 11%, 10-year bonds on January 1, 2015, for $750,150. This price resulted in an effective interest rate of 10% on the bonds. Interest is payable semiannually on July 1 and January 1. Florence uses the effective-interest method to amortized bond premium or discount.DIRECTIONS: Prepare the journal entries to record the following. (Round to the nearest dollar)
(a) The insurance of the bond.(b) The payment of interest and the discount amortization on July 1, 2015, assuming that interest was not accrued on June 30.(c) The accrual of interest and the discount amortization on December 31, 2015.

Answers

Maurice Tutor
(5)
Status NEW Posted 05 Aug 2017 11:08 PM My Price 13.00

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