FREE Trial
Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

please can you do the question 21. The final amswer is $507,500 On July 1,214, Risen Co. issued 500 of its 10%,$1,000 bonds at 99

please can you do the question 21. The final amswer is $507,500 image text in transcribed
On July 1,214, Risen Co. issued 500 of its 10%,$1,000 bonds at 99 plus accrued interest. The bonds are dated April 1, 2X14 and mature on April 1,2X24. Interest is payable semiannually on April 1 and October 1. What amount did Risen receive from the bond issuance

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

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

Step: 2

blur-text-image_2

Step: 3

blur-text-image_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

ACCA Financial Accounting Study Text 2020 21

ACCA Financial Accounting Study Text 2020 21

Authors: Emile Woolf International

1st Edition

1848439210, 978-1848439214

More Books

Students also viewed these Accounting questions

Question

★★★★★
Do not ignore activity coefficients in this problem. If the voltage for the following cell is 0.512 V, find Ksp for Cu(IO3)2. Neglect any ion pairing. Ni(s)|| NiSO4(0.0025 M) ' KIO3(0.10 M) |...

Answered: 1 week ago

Question

★★★★★
3. A movement along the demand curve occurs when a price change leads to a change in the quantity de manded. When economists talk of increasing or decreasing demand, they mean shifts of the demand...

Answered: 1 week ago

Question

★★★★★
=+c. Predict flood damage for a structure subjected to 6.5 ft of flooding.

Answered: 1 week ago

Question

★★★★★
Potter Company has installed a JIT purchasing and manufacturing system and is using back ush accounting for its cost flows. It currently uses a two-trigger approach with the purchase of materials as...

Answered: 1 week ago

Question

★★★★★
Assume Cronin Company paid $17 million to acquire Bella Industries. Assume further that Bella had the following summarized data at the time of the Cronin acquisition (amounts in millions): (Click the...

Answered: 1 week ago

Question

★★★★★
Use the legal principles relating to Agency to answer the following question Mrs Charles, a businesswoman was migrating and was not sure who she would ask to take care of her various business...

Answered: 1 week ago

Question

★★★★★
A . ( 1 5 p ) A pharmacy dispensing medicines is staffed by one pharmacist open 1 0 hours a day. On average It takes 1 5 0 seconds to serve a customer, and a customer arrives every 4 minutes....

Answered: 1 week ago

Question

★★★★★
Financial data for Joel de Paris, Incorporated, for last year follow: Joel de Paris, Incorporated Balance Sheet Assets Cash Accounts receivable Inventory Plant and equipment, net Investment in...

Answered: 1 week ago

Question

★★★★★
2. (34%) The frame is subjected to a vertical 13 kip force at E and a horizontal 10 kip force a B. Neglect the self-weight of the frame. Find the internal forces (axial, shear, and bending moment) at...

Answered: 1 week ago

Question

★★★★★
Lightning Electronics is a midsize manufacturer of lithium batteries. The company's payroll records for the November 1-14 pay period show that employees earned wages totaling $70,000 but that...

Answered: 1 week ago

Question

★★★★★
Bob and Marcus are buying a house. They have $22000 for a down payment. The house price is $176000. They have secured a 25 year loan with an annual interest rate of 4.3% compounded monthly, Use Excel...

Answered: 1 week ago

Question

★★★★★
2. List the advantages of listening well

Answered: 1 week ago

Question

★★★★★
3. Make a list of all the places where you have lived or traveled. (Remember, this does not just mean travel to foreign countries. Think about trips to other neighborhoods in your city or areas of...

Answered: 1 week ago

Question

★★★★★
5. Do a little virtual shopping in the toy department of an online retailer, and use the search options to see what kinds of toys the retailer suggests for girls versus boys. What do these...

Answered: 1 week ago

Previous Question Next Question