subject
Business, 30.11.2019 04:31 shirleybuck

On the first day of its fiscal year, ebert company issued $35,000,000 of 10-year, 10% bonds to finance its operations. interest is payable semiannually. the bonds were issued at a market (effective) interest rate of 12%, resulting in ebert receiving cash of $30,985,360. the company uses the interest method. required: a. journalize the entries to record the following transactions. refer to the chart of accounts for exact wording of account titles.1. sale of the bonds.2. first semiannual interest payment, including amortization of discount. round to the nearest dollar.3. second semiannual interest payment, including amortization of discount. round to the nearest dollar. b. compute the amount of the bond interest expense for the first year. c. explain why the company was able to issue the bonds for only $30,985,360 rather than for the face amount of $35,000,000.

ansver
Answers: 1

Another question on Business

question
Business, 21.06.2019 21:30
Match the various steps in the creative process undertaken by the ad agency for developing the campaign for wpu, to the steps in young's model of the creative process.creative process in developing wpu's campaignyoung's modelafter intensive analysis of the data and several rounds of brainstorming, the agency executives decided to take a break from this project (the wpu campaign), and instead work on a different client's project before tackling the wpu project again.using a combination of animatics and storyboards, the ad agency conducted research with a representative sample of sixty target consumers to pretest the campaign theme and the creative execution.during a brainstorming session in the creative department, a copywriter's suggestion for a slogan for wpu was recognized as an excellent central idea that could drive the campaign for wpu.the account planning, account management and creative departments at the ad agency had a series of meetings and brainstorming sessions to discuss the creative brief and the results of all the primary and secondary research done with the target consumers.the account planning and the account management groups at the ad agency conducted primary research with a representative sample of the target segment and also studied secondary research data to gain insights required for the campaign development process.
Answers: 2
question
Business, 22.06.2019 06:00
Cash flow is often a problem for small businesses. how can an entrepreneur increase cash flow? a) locate lower-priced suppliers. b) forego sending in estimated tax payments to the irs c) shorten the terms on a bank loan to pay it off more quickly d) sell more low-margin items.
Answers: 1
question
Business, 22.06.2019 16:10
From what part of income should someone take savings?
Answers: 2
question
Business, 22.06.2019 17:30
What is one counter argument to the premise that the wealth gap is a serious problem which needs to be addressed?
Answers: 1
You know the right answer?
On the first day of its fiscal year, ebert company issued $35,000,000 of 10-year, 10% bonds to finan...
Questions
question
Mathematics, 16.07.2019 00:00
question
Mathematics, 16.07.2019 00:00
Questions on the website: 13722362