Question
I completed my excel for journal entry but now I have to answer this- you must submit an analysis of the assignment. Analyze the specific
I completed my excel for journal entry but now I have to answer this-you must submit an analysis of the assignment. Analyze the specific outcomes and write an analysis directed toward the team at AJ Corporation describing what the numbers mean and how they relate to the business. I am confused how to analyze it.
DATE Account Titles Debt Credit
1-Jan Bonds Receivable 300,000
Premium on bond Receivable 8,373.53
Cash 308373.53
30-Jun Cash 19500
Interest Revenue 18502.41
Premium on bond Receivable 997.59
31-Dec Cash 19500
Interest Revenue 18442.56
Premium on bond Receivable 1057.44
31-Dec Held at maturity
book value 306,319
31-Mar Interest receivable 9750
Premium on bond 561
Interest Revenue 9190
Balance in premium account 5758
Balance in bonds receivable 300,000
cash receivable for bond retirement 154,625
Cash receivable for accrued interest 4875 50% sold
Total cash receivable 159,500
31-Mar cash 159,500
interest receivable 4875
premium on bonds 2879
investment in bonds 150000
gain on sale 1746
30-Jun-20 Cash 9750
premium on bonds 708
interest revenue 9042
cash 150,000
investment in bonds 150,000
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