subject
Business, 02.06.2022 14:00 jonesm35

HW2: ABC Co. acquired the $100,000, 6% bonds on 2001/12/31. Market price of the bonds: $102,723 (including brokerage fee of $153). Effective interest rate is 5%. Bond interests are payable on 12/31. ABC attempts to collect the cash flows and sell. It prepares the following bond amortization schedule. ABC sold the bonds on 2004/9/30. Prepare related journal entries for each period. Periods Cash Interest Revenue Premium Amortization Carrying Value
2001/12/31 102,723
2002/12/31 6,000 5,136 864 101,859
2003/12/31 6,000 5,093 907 100,952
2004/12/31 6,000 5,048 952 100,000

The fair market value of the bonds are as follows:
Periods Fair Market Value
2002/12/31 104,200
2003/12/31 103,000
2004/9/30 105,500

ansver
Answers: 3

Another question on Business

question
Business, 22.06.2019 14:40
Increases in output and increases in the inflation rate have been linked to
Answers: 2
question
Business, 22.06.2019 20:00
Because this market is a monopolistically competitive market, you can tell that it is in long-run equilibrium by the fact thatmr=mc at the optimal quantity for each firm. furthermore, a monopolistically competitive firm's average total cost in long-run equilibrium isless than the minimum average total cost. true or false: this indicates that there is a markup on marginal cost in the market for engines. true false monopolistic competition may also be socially inefficient because there are too many or too few firms in the market. the presence of the externality implies that there is too little entry of new firms in the market.
Answers: 3
question
Business, 22.06.2019 22:00
Acompany's sales in year 1 were $300,000, year 2 were $351,000, and year 3 were $400,000. using year 2 as a base year, the sales percent for year 3 is
Answers: 2
question
Business, 23.06.2019 02:00
Acompany sells garden hoses and uses the perpetual inventory system to account for its merchandise. the beginning balance of the inventory and its transactions during september were as follows:
Answers: 2
You know the right answer?
HW2: ABC Co. acquired the $100,000, 6% bonds on 2001/12/31. Market price of the bonds: $102,723 (inc...
Questions
question
Mathematics, 13.04.2021 06:40
question
Mathematics, 13.04.2021 06:40
question
Mathematics, 13.04.2021 06:40
question
Mathematics, 13.04.2021 06:50
question
Mathematics, 13.04.2021 06:50
question
Mathematics, 13.04.2021 06:50
question
Mathematics, 13.04.2021 06:50
question
Mathematics, 13.04.2021 06:50