Business, 21.09.2020 06:01 hallkayleel0lozgxtq
On January 1, 2017, Novak Company sold 11% bonds having a maturity value of $450,000 for $467,058, which provides the bondholders with a 10% yield. The bonds are dated January 1, 2017, and mature January 1, 2022, with interest payable December 31 of each year. Novak Company allocates interest and unamortized discount or premium on the effective-interest basis.
a. Prepare the Journal entry at the date of the bond issuance.
b. Prepare a schedule of interest expense and bond amortization for 2017-2019.
c. Prepare the Journal entry to record the interest payment and the amortization for 2017.
d. Prepare the Journal entry to record the interest payment and the amortization for 2019.
Answers: 2
Business, 22.06.2019 19:20
The following information is from the 2019 records of albert book shop: accounts receivable, december 31, 2019 $ 42 comma 000 (debit) allowance for bad debts, december 31, 2019 prior to adjustment 2 comma 000 (debit) net credit sales for 2019 179 comma 000 accounts written off as uncollectible during 2017 15 comma 000 cash sales during 2019 28 comma 500 bad debts expense is estimated by the method. management estimates that $ 5 comma 300 of accounts receivable will be uncollectible. calculate the amount of bad debts expense for 2019.
Answers: 2
Business, 23.06.2019 13:20
Use the drop-down menus to complete each sentence. according to the theories of friedrich august von hayek, the economy may be too complicated to think in terms . hayek believed was dangerous and could lead to severe inflation. milton friedman supported changes policy to influence economic growth.answers : aggregates; expansionary policy; monetary
Answers: 3
Business, 23.06.2019 20:50
Adepression can occur in the expansion phase of a business cycle. true or false
Answers: 2
On January 1, 2017, Novak Company sold 11% bonds having a maturity value of $450,000 for $467,058, w...
History, 29.06.2019 22:50
History, 29.06.2019 22:50
English, 29.06.2019 22:50
History, 29.06.2019 22:50
Mathematics, 29.06.2019 22:50
Mathematics, 29.06.2019 22:50
Mathematics, 29.06.2019 22:50
Health, 29.06.2019 22:50
History, 29.06.2019 22:50