Journalize teh bonds which are issued at face value
The Goody Co. issued $300,000 of 10% bonds on January 1, 2008. the bonds are due Jan. 1, 2013, with interest payable each July 1. The bonds are issued at face value. How do I figure the amounts of this problem in order to journalize it?
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The City of Happy Valley records the following property tax transactions. Prepare the journal entries.
Prepare the general journal entries for Korman Company for:(a) the 2010 adjusting entry.(b) the sale of the Thomas Corp. stock.(c) the purchase of the Werth Stores' stock.(d) the 2011 adjusting entry
Your investment advisor wants you to purchase an annuity that will pay you $25,000 per year for 10 years. If you require a 7% return, what is the most you should pay for this investment?
Black Kitty Company recorded certain revenues of $10,000 and $20,000 on its books in 2007 and 2008, respectively. However, these revenues were not subject to income taxation until 2009. Company records reveal pretax financial accounting income and
Determine the budgeted manufacturing overhead rate for each department.
Assume that net income for the year was $150,000 (record the closing entry) and the board of directors appropriated $70,000 of retained earnings for plant expansion.
If the variable factory overhead rate was $8 per direct labor-hour, and if 30,000 standard labor-hours were allowed for the output of the year, then the total budgeted fixed factory overhead for the year must have been:
Prepare the general journal entries necessary to record these transactions.
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