The following amortization and interest schedule reflects the issuance of 10-year bonds by Capulet Corporation on January 1, 2014, and the subsequent interest payments and charges. The company’s year-end is December 31, and financial statements are prepared once yearly. Year Cash Interest Amount Unamortized Carrying Value

1/1/2011    $5,651   $94,349
       2011   $11,000   $11,322     5,329     94,671
       2012     11,000     11,361      4,968      95,032
       2013     11,000     11,404      4,564      95,436
       2014     11,000     11,452      4,112      95,888
       2015     11,000     11,507      3,605      96,395
       2016     11,000     11,567      3,038      96,962
       2017     11,000     11,635      2,403      97,597
       2018     11,000     11,712      1,691      98,309
       2019     11,000     11,797        894       99,106
       2020     11,000     11,894 100,000

Required:
a. Indicate whether the bonds were issued at a premium or a discount and how you can determine this fact from the schedule.
b. Indicate whether the amortization schedule is based on the straight-line method or the effective-interest method, and how you can determine which method is used.
c. Determine the stated interest rate and the effective-interest rate.
d. On the basis of the schedule above, prepare the journal entry to record the issuance of the bonds on January 1, 2014.
e. On the basis of the schedule above, prepare the journal entry or entries to reflect the bond transactions and accruals for 2014. (Interest is paid January 1.)
f. On the basis of the schedule above, prepare the journal entry or entries to reflect the bond transactions and accruals for 2021. Capulet Corporation does not use reversing entries.

Gino's restaurant is a popular restaurant in boston, massachusetts. the owner of the restaurant has been trying to better understand costs at the restaurant and has hired a student intern to conduct an activity-based costing study. the intern, in consultation with the owner, identified the following major activities: activity cost pool activity measure serving a party of diners number of parties served serving a diner number of diners served serving drinks number of drinks ordered some costs, such as the cost of cleaning the linens that cover the restaurant's tables, vary with the number of parties served. other costs, such as washing plates and glasses, depends on the number of diners served or the number of drinks served. data concerning these activities are shown below. serving a party serving a dinner serving drinks total total cost $47,600 $153,000 $59,800 $260,400 total activity 7,000 parties 30,000 diners 46,000 drinks prior to the activity-based costing study, the owner knew very little about the costs of the restaurant. she knew that the total cost for the month was $260,400 and that 30,000 diners had been served. therefore, the average cost per diner was $8.68.required: 1. compute the activity rates for each of the three activities 2. according to the activity-based costing system, what is the total cost of serving each of the following parties of diners? a. a party of four diners who ordered three drinks in total b. a party of two diners who do not order any drinks c. a lone diner who orders two drinks 3. convert the total costs you computed in part (1) above to costs per diner. in other words, what is the average cost per diner for serving each of the following parties: a. a party of four diners who order three drinks in total b. a party of two diner who do not order any drinks c. a lone diner who orders two drinks 4. why do the costs per diner for the three different parties differ from each other and from the overall average coast of $9.80 per diner?

The following information is available for ellen's fashions, inc. for the current month. book balance end of month $ 7 comma 000 outstanding checks 700 deposits in transit 4 comma 500 service charges 120 interest revenue 45 what is the adjusted book balance on the bank reconciliation?

Coop inc. owns 40% of chicken inc., both coop and chicken are corporations. chicken pays coop a dividend of $10,000 in the current year. chicken also reports financial accounting earnings of $20,000 for that year. assume coop follows the general rule of accounting for investment in chicken. what is the amount and nature of the book-tax difference to coop associated with the dividend distribution (ignoring the dividends received deduction)?