Business, 29.11.2019 02:31 floihqrrigweo

The following bond investment transactions were completed during 2016 by starks company:

jan. 31 purchased 75, $1,000 government bonds at 100 plus 30 days’ accrued interest. the bonds pay 6% annual interest on july 1 and january 1.
july 1 received semiannual interest on bond investment.
aug. 29 sold 35, $1,000 bonds at 98 plus $350 accrued interest.
required:

a. journalize the entries for these transactions. refer to the chart of accounts for exact wording of account titles. assume a 360-day year.
b. provide the december 31, 2016, adjusting journal entry for semiannual interest earned on the bonds.

Answers: 1

Show answers

Another question on Business

Business, 21.06.2019 21:00

Consider a small island country whose only industry is weaving. the following table shows information about the small economy in two different years. complete the table by calculating physical capital per worker as well as labor productivity. hint: recall that productivity is defined as the amount of goods and services a worker can produce per hour. in this problem, measure productivity as the quantity of goods per hour of labor. year physical capital labor force physical capital per worker labor hours output labor productivity (looms) (workers) (looms) (hours) (garments) (garments per hour of labor) 2024 160 40 1,800 14,400 2025 180 60 3,900 23,400

Answers: 2

Answer

Business, 22.06.2019 04:30

Your take on decision making process

Answers: 1

Answer

Business, 22.06.2019 13:30

Jose recently died with a probate estate of $900,000. he was predeceased by his wife, guadalupe, and his daughter, lucy. he has two surviving children, pete and fred. jose was also survived by eight grandchildren, pete’s three children, naomi, daniel, nick; fred’s three children, heather, chris and steve; and lucy’s two children, david and rachel. jose’s will states the following “i leave everything to my three children. if any of my children shall predecease me then i leave their share to their heirs, per stirpes.” which of the following statements is correct? (a) under jose’s will rachel will receive $150,000. (b) under jose’s will chris will receive $150,000. (c) under jose’s will nick will receive $100,000. (d) under jose’s will pete will receive $200,000.

Answers: 1

Answer

Business, 22.06.2019 15:20

Sauer food company has decided to buy a new computer system with an expected life of three years. the cost is $440,000. the company can borrow $440,000 for three years at 14 percent annual interest or for one year at 12 percent annual interest. assume interest is paid in full at the end of each year. a. how much would sauer food company save in interest over the three-year life of the computer system if the one-year loan is utilized and the loan is rolled over (reborrowed) each year at the same 12 percent rate? compare this to the 14 percent three-year loan.

Answers: 3

Answer

You know the right answer?

The following bond investment transactions were completed during 2016 by starks company:

Questions