Business, 04.11.2021 09:00 demetriascott20

On June 1, 2019, Everly Bottle Company sold $3,000,000 in long-term bonds The bonds will mature in 5 years and have a stated interest rate of 8% and a yield rate of 10%. The bonds pay interest annually on May 31 of each year. The bonds
are to be accounted for under the effective-interest method.
Construct a bond amortization table for this problem to indicate the amount of interest expense and discount amortization
1 at each May 31. Include only the first four years. Make sure all columns and rows are properly labeled
2 Record the issuance of the bonds on June 1, 2019
Assuming that interest and discount amortization are recorded each May 31, prepare the adjusting entry to be made on
3 December 31, 2021. (Round to the nearest dollar.)

Answers: 2

Show answers

Another question on Business

Business, 21.06.2019 13:30

There are about 6.8 billion people in the world, and about 11.4 billion usable hectares. currently, the population of the united states has an ecological footprint of about 9.0 hectares per person. if all people in the world were to live at the level of consumption found in the united states, the population of the world would have to in order to support them.

Answers: 1

Answer

Business, 22.06.2019 07:30

Fill in the missing words to correctly complete each sentence about analyzing a job posting. when reviewing a job posting, it’s important to check theto determine whether it’s worth your time to apply. if the post has been up for a while or it’s already closed, move on to the next position. if it’s still available, take note of when it closes so you’ll know when you mayfrom the company in regard to an interview.

Answers: 1

Answer

Business, 22.06.2019 11:30

Florence invested in a factory requiring. federally-mandated reductions in carbon emissions. how will this impact florence as the factory's owner? a. her factory will be worth less once the upgrades are complete. b. her factory will likely be bought by the epa. c. florence will have to invest a large amount of capital to update the factory for little financial gain. d. florence will have to invest a large amount of capital to update the factory for a large financial gain.

Answers: 1

Answer

Business, 22.06.2019 17:30

Palmer frosted flakes company offers its customers a pottery cereal bowl if they send in 3 boxtops from palmer frosted flakes boxes and $1. the company estimates that 60% of the boxtops will be redeemed. in 2012, the company sold 675,000 boxes of frosted flakes and customers redeemed 330,000 boxtops receiving 110,000 bowls. if the bowls cost palmer company $3 each, how much liability for outstanding premiums should be recorded at the end of 2012?

Answers: 2

Answer

You know the right answer?

On June 1, 2019, Everly Bottle Company sold $3,000,000 in long-term bonds The bonds will mature in 5...

Questions