Answered step by step

Verified Expert Solution

Link Copied!

Question

1 Approved Answer

Posted on Jan 01, 2021

on january 2 2014 SBC company used 20 000 000 of five year 12 bonds with interest at an effective interest of 10 Interest paid

on january 2 2014 SBC company used 20 000 000 of five year 12 bonds with interest at an effective interest of 10 Interest paid semiannually on june 30 and december 31 journalize the folowing entries to record the following

Step by Step Solution

There are 3 Steps involved in it

Step: 1

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

Step: 3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Intermediate Accounting IFRS

Authors: Donald E. Kieso, Jerry J. Weygandt, Terry D. Warfield

3rd edition

1119372933, 978-1119372936

More Books

Students also viewed these Accounting questions

Question

★★★★★

You receive a call from a friend, who knows that you are taking the General Physics 2 course, to place an order. Their friend tells him that he has read in an automotive magazine that, in a car, the...

Answered: 1 week ago

Question

★★★★★

Stefan company management concluded in January 2020 that they believe the company has sufficient funds to undertake some short-term investment in bonds and stocks, all investments are considered to...

Answered: 1 week ago

Question

★★★★★

On January 2, 2014, Lionel Company issued $40,000 of notes payable, of which $10,000 is due on January 2 for each of the next four years. The proper balance sheet presentation on December 31, 2014,...

Answered: 1 week ago

Question

★★★★★

A company conducts a Security model workshop to review configuration options. The company uses Microsoft Entra ID to control access and permissions within multiple corporate applications. When users...

Answered: 1 week ago

Question

★★★★★

Twenty-four coworkers want to see whether various routes differ in the time it takes to get to work. Starting from points equidistant from work, eight coworkers take public transportation, eight...

Answered: 1 week ago

Question

★★★★★

Does advertising influence or reflect a societys values?

Answered: 1 week ago

Question

★★★★★

The lifetime, X (in days), of a sea microorganism has density function f (x) = cx2e4x, x 0, for a suitable constant c. (i) Obtain the value of c. (ii) Find the distribution function of X and hence...

Answered: 1 week ago

Question

★★★★★

CVP, Not for profit Monroe Classical Music Society is a not-for-profit organization that brings guest artists to the communitys greater metropolitan area. The Music Society just bought a small...

Answered: 1 week ago

Question

★★★★★

I'm not sure how they got $8000. I got $4000 because 200000 * 0.12 * 2/12 On November 1, 20X1, a company signed a $200,000, 12%, six-month note payable with the amount borrowed plus accrued interest...

Answered: 1 week ago

Question

★★★★★

Wayland Custom Woodworking is a firm that manufactures custom cabinets and woodwork for business and residential customers. Students will have the opportunity to establish payroll records and to...

Answered: 1 week ago

Question

★★★★★

Consider that the characteristic equation of a third order discrete-time control system is given as F(2)= 2 -1.252 - 1.37: -0.25 = 0 please apply Jury's Test to evaluate its stability.

Answered: 1 week ago

Question

★★★★★

Case 1: Evaluate and define "Dr. Lorna Breen Health Care Provider Protection Act" Is there a Biblical foundation for this law? Describe. Provide at least 2 examples of this law enacted. Provide 3...

Answered: 1 week ago

Question

★★★★★

Most retail environments have done away with any backroom, and currently most follow Wal-Marts innovation of 50 years ago to increase the size of the store by getting rid of the "backroom" thus,...

Answered: 1 week ago

Question

★★★★★

In detail, please describe the infrastruction existing to increase the security of the airfield.

Answered: 1 week ago

Question

★★★★★

4. Barton Company can acquire a $720,000 machine now that will benefit the firm over the next 5 years. FV of 1 (i = 9%, n = 5): 1.539 FV of a series of $1 cash flows (i = 9%, n = 5): 5.985 PV of $1...

Answered: 1 week ago

Question

★★★★★

You work for a hospitality business that specialises in running quality outdoor functions and events. You promote yourself as an environmentally friendly service provider. What should you look for...

Answered: 1 week ago

Question

★★★★★

Help Save & Exit Sur Dacosta Corporation had only one job in process on May 1. The job had been charged with $2,650 of direct materials. $6.990 of direct labor, and $10,174 of manufacturing overhead...

Answered: 1 week ago

Question

★★★★★

For the data in Exercise 17-19, use the FIFO method to summarize total costs to account for, and assign these costs to units completed and transferred out, and to units in ending work in process....

Answered: 1 week ago

Question

★★★★★

On July 31, 2019, Bismarck Company engaged Duval Tooling Company to construct a special-purpose piece of factory machinery. Construction began immediately and was completed on November 1, 2019. To...

Answered: 1 week ago

Question

★★★★★

On January 1, 2019, Norma Smith and Grant Wood formed a computer sales and service company in Manchester, U.K., by investing 90,000 cash. The new company, Lakeland Sales and Service, has the...

Answered: 1 week ago

Question

★★★★★

Shonen Knife Corporation has elected to use the fair value option for one of its notes payable. The note was issued at an effective rate of 11% and has a carrying value of $16,000. At year-end,...

Answered: 1 week ago

Question

★★★★★

Why do individuals or firms usually provide the goods and services people want?

Answered: 1 week ago

Question

★★★★★

Why do people confuse correlation with causation?

Answered: 1 week ago

Question

★★★★★

Your boss decides to pair workers in teams and offer bonuses to the most productive team. Why might your boss offer team bonuses instead of individual bonuses?

Answered: 1 week ago

Previous Question Next Question