From the following, prepare the long-term liabilities section of a balance sheet: a. Bond sinking fund $400,000

Question:

From the following, prepare the long-term liabilities section of a balance sheet:

a. Bond sinking fund $400,000

b. Premium on 14% bonds 4,000

c. Discount on 15% bonds 10,000

d.14% Bonds Payable 460,000

e.15% Bonds Payable 210,000

Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For book-img-for-question

College Accounting A Practical Approach Chapters 1-25

ISBN: 9780133791006

13th Edition

Authors: Jeffrey Slater

See More Books

Question Posted: Apr 14, 2017 12:48 PM

See More Questions

The adjusted trial balance for Olde Farm Corporation at the end of the current year contained the following accounts. Interest Payable........... $ 9,000 Lease Liability..............89,500 Bonds...
The long-term liabilities section of the balance sheet of Trend Electronics appeared as follows: 1. Assuming interest is paid annually, what is the annual interest payment? 2. Will the interest...
The long-term liabilities section of Guyton Enterprises follows. The bonds outstanding on January 1, 20-1, have an annual coupon rate of 4% and had been issued several years ago at a price to yield...
Is an oil pipeline a simplex system, a half-duplex system, a full-duplex system, or none of the above? What about a river or a walkie-talkie-style communication?
Two pions at rest annihilate according to the reaction + + + . (a) Why must the energies of the two g rays be equal? (b) Find the energy of each ray. (c) Find the wavelength of each ray.
1.Identifyandexplainany(4)theories ofcorporategovernance(20marks) 2.Describeanyfivemainissuescovered bytheOECDprinciplesofCorporate (20 marks)...
What is the difference between the market value per share and the par value per share? AppendixLO1
Read the case study "Kinaxis Chooses Sales Reps with Personality" and answer the following questions: 1. What selection methods did Bob Dolan use for hiring salespeople? Did he go about using these...
1- A company purchased a truck on June 1st for 24.000 TL, paying 8.000 TL cash and signing a 12%, 2-month note for the remaining balance. The useful life of the truck is 4 years and the company uses...
Kennedy Prisby, age 33, is single and has no dependents. Her social security number is 111-22-3333. Her address is 101 North Fork Ave., Cedar City, UT 84720. She has no intention of donating to the...
On January 1 Russo Corporation sold $370,000 of 10-year sinking fund bonds. The corporation expects to earn 10% on the sinking fund balance and is required to deposit $23,615 at the end of each year...
On January 1, 201X, Lonny Corporation sold $400,000 of 10%, 10-year bonds at 97. Interest is to be paid on June 30 and December 31. The straightline method of amortizing the discount is used. Prepare...
Which of the following items shall be added to costing profit to arrive at financial profit? (a) Income tax paid (b) Interest on debentures (c) Under absorption of overheads (d) Rent receivable
Link two articles from a trade journal in your field and discuss them in a short paper...
Evaluate vendors for supplying differentiated or specialized widgets. Review the "Supplier Scorecard Data" document and answer the questions below. 1. Discuss which supplier you will select,...
3. By keeping the leading term in the relativistic correction, the kinetic energy operator T of a relativistic electron in one dimension can be written as p 3p4 + 2m 8m3c2 where c is the speed of...
CHOOSE CORRECT OPTION How might inadequate training impact Thandiwe's ability to address classroom challenges? a. Develops effective teaching strategies b. Enhances problem solving skills and creates...
A 3.5-kg cannon on wheels is loaded with a 0.0527-kg ball. The cannon and ball are initially moving forward with a speed of 1.27 m/s. The cannon is ignited and launches a 0.0527-kg ball forward with...
Draw the component structure and process chart for a visit to the hairdressers.
What will be the final value of DI after executing the following piece of code? Execute the instructions dependently one after another. CLD MOU CX,OFOH MOU AX.02874H MOU DI,01000H MOU ES, DI SUB...
Mary Rose Co. bought merchandise with a list price of $4,000. Mary's company was entitled to a 30% trade discount as well as a 3% cash discount. What was the actual cost of buying this merchandise...
From the purchases journal below, record in the accounts payable subsidiary ledger and post to the general ledger accounts as appropriate. PURCHASES JOURNAL Page 1 Dr. Purchases Cr. Accounts Payable...
From the following facts, calculate what Adam Dell must pay Black Co. for the purchase of a bedroom set. Sale terms are 2/10, n/30. a. Invoice price before tax, $5,000, dated April 5. b. Returned one...
Sociology
I am unsure how to answer question e as there are two variable changes. In each of the following, you are given two options with selected parameters. In each case, assume the risk-free rate is 6% and...
On January 1, Interworks paid a contractor to construct a new cell tower at a cost of $850,000. The tower had an estimated useful life of ten years and a salvage value of $100,000. Interworks...

From the following, prepare the long-term liabilities section of a balance sheet: a. Bond sinking fund $400,000

Question:

Step by Step Answer:

LongTerm Liabilities 14 Bonds Payabl...View the full answer

College Accounting A Practical Approach Chapters 1-25

Students also viewed these Cost Accounting questions