Question
In: Accounting
Please show all work and explanations. Thank you On 1-1-2017 Avion, Inc. Sold Bonds with these...
Please show all work and explanations. Thank you
On 1-1-2017 Avion, Inc. Sold Bonds with these particulars:
Face amt. of Bonds 825,000
Matures on 1-1-2027, in 10 yrs.
Stated annual rate of int. 12.00%
Effective annual rate of interest 10.00%
Int. is paid every six months; 6-30, 12-31
Req. 1, Assume the effective Interest Method in accounting for
these Bonds, build a 10 year amortization table
Req. 2, Give General Journal entries to record the sale of the
bonds, and the 1st 4 interest payments
Solutions
ekkarill92 answered 1 year agoRelated Solutions
Please show all work and calculations, Thank you! On 1-1-2017 Avion, Inc. Sold Bonds with these...
Please show all work and calculations, Thank you!
On 1-1-2017 Avion, Inc. Sold Bonds with these particulars:
Face amt. of Bonds 630,000
Matures on 1-1-2027, in 10 yrs.
Stated annual rate of int. 7.25%
Effective annual rate of interest 6.00%
Int. is paid every six months; 6-30, 12-31
Req. 1, Assume the effective Interest Method in accounting for
these Bonds, build a 10-year amortization table
Req. 2, Give General Journal entries to record the sale of the
bonds, and the...
Please show all work and calculations, Thank you! On 1-1-2017 Avion, Inc. Sold Bonds with these...
Please show all work and calculations, Thank you!
On 1-1-2017 Avion, Inc. Sold Bonds with these particulars:
Face amt. of Bonds 630,000
Matures on 1-1-2027, in 10 yrs.
Stated annual rate of int. 7.25%
Effective annual rate of interest 6.00%
Int. is paid every six months; 6-30, 12-31
Req. 1, Assume the effective Interest Method in accounting for
these Bonds, build a 10-year amortization table
Req. 2, Give General Journal entries to record the sale of the
bonds, and the...
Please show all work and explanations. Thank you. Warren Plastic, LLC complete these transactions in year...
Please show all work and explanations. Thank you.
Warren Plastic, LLC complete these transactions in year 1 and
year 2. Give general journal entries for them.
date yr
2/17 1 Purchased equipment for 47,000, signed a 3 month note,
9.25%.
2/28 1 Recorded the month's sales of 205,000, one-third cash,
two-third's credit.
Sales tax rate is 5.1%
3/20 1 Sent Feb. sales tax to the state.
5/17 1 paid off the note dated 2-17-yr 1
5/31 1 Borrowed $185,000 on...
On 1-1-2015 Avion, Inc. Sold Bonds with these particulars: Face amt. of Bonds 475,000 Matures on...
On 1-1-2015 Avion, Inc. Sold Bonds with these
particulars:
Face amt. of Bonds 475,000
Matures on 1-1-2015, in 10 yrs.
Stated annual rate of int. 8.75%
Effective annual rate of interest 8.00%
Int. is paid every six months; 6-30, 12-31
Req. 1, Assume the effective Interest Method in accounting for
these Bonds, build a 10 year amortization table
Req. 2, Give General Journal entries to record the sale of the
bonds, and the 1st 4 interest payments
Please show calculations
On 1-1-2015 Avion, Inc. Sold Bonds with these particulars: Face amt. of Bonds 300,000 Matures on...
On 1-1-2015 Avion, Inc. Sold Bonds with these particulars:
Face amt. of Bonds 300,000
Matures on 1-1-2025, in 10 yrs.
Stated annual rate of int. 7.50%
Effective annual rate of interest 8.00%
Int. is paid every six months; 6-30, 12-31
Req. 1, Assume the effective Interest Method in accounting for
these Bonds, build a 10 year amortization table
Req. 2, Give General Journal entries to record the sale of the
bonds, and the 1st 4 interest payments
Please answer all parts, thank you, and please type your answer and show all work including...
Please answer all parts, thank you, and please type your answer
and show all work including excel formulas
Exercise 15-15
The following data were taken from the balance sheet accounts of
Shamrock Corporation on December 31, 2016.
Current assets
$554,000
Debt investments
596,000
Common stock (par value $10)
455,000
Paid-in capital in excess of par
148,000
Retained earnings
800,000
Prepare the required journal entries for the following unrelated
items. (Credit account titles are automatically
indented when amount is entered. Do...
PLEASE SHOW ALL WORK. THANK YOU Holly is considering a new project. The project will require...
PLEASE SHOW ALL WORK. THANK YOU
Holly is considering a new project. The project will require
$500,000 for new fixed assets, $208,000 for additional inventory,
and $36,000 for additional accounts receivable. Short-term debt is
expected to increase by $165,000. The project has a 6-year life.
The fixed assets will be depreciated straight-line to a zero book
value over the life of the project. At the end of the project, the
fixed assets can be sold for 20 percent of their...
Please show all work. Thank you! The amount of money requested on home loan applications at...
Please show all work. Thank you!
The amount of money requested on home loan applications at
America Bank follows normal distribution, with a mean of $180,000
and a standard deviation of $6,000. A loan application is received
this morning.
a) What is the probability the amount requested is $190,000 or
more?
b) What is the probability the amount requested is between
$178,000 and $190,000?
c) What is the probability the amount requested in below
$178,000?
d) How much is requested...
Please answer each question and show calculation/ provide explanations. Thank you so much. Question 1 You...
Please answer each question and show calculation/
provide explanations. Thank you so much.
Question 1
You have just been hired as the staff accountant for Maximum
Corporation. However, the accounting manager is unclear about your
ability to determine where certain increases and decreases should
be placed. Indicate in the columns below by placing a check-mark
(√ ) in the appropriate
column identified.
Office rent is
increased.
Service Revenue is increased.
Prepaid Expense is reduced.
Cash is decreased.
Plant and machinery...
Please show all your work/steps. Thank you. Calculate the mean, variance, and standard deviation of returns...
Please show all your work/steps. Thank you.
Calculate the mean, variance, and standard deviation of returns
for:
(a) CAT & PG individually, and
(b) an equally-weighted portfolio of the two stocks.
For the portfolio, 1st compute the monthly returns.
Then, compute the mean, variance, and standard deviation
calculations with Excel’s Data Analysis “Descriptive Statistics”
function, “Summary Statistics” (in the function dialogue box).
Compare the return and risk of the three assets.
Monthly
Stock Returns
Year
Month
S&P 500
CAT
PG...
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