Preparing the journal entry
Archer industries sold a 20 year, 14%, $50,000 bond on January 1, 2009. The bond was sold at 104. interest is paid each January 1. Prepare the journal entry.
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Compute the acquisition cost of the equipment and prepare the journal entry to record the purchase.
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Alternatively, Ram could issue a 20 year bond that is convertible into common equity, may be called, and has a sinking fund. What percentage is the coupon rate that ram would have to pay on the convertible, callable bond?" 6%, greater or less than
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How many bottles of Shiny Coat and Flea-B-Gone must the Doggy Palace sell in a year to break even? (total of each)
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Carlton Company sells office equipment on September 30, 2010, for $21,000 cash. The office equipment originally cost $72,000 and as of January 1, 2010, had accumulated depreciation of $42,000. Depreciation for the first 9 months of 2010 is $6,000.
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