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

Question

1 Approved Answer

please show how to get the pv either in sceduel or finacial calculator On Jan 1 2019 LCM2 issued a 7 year $700,000 Bond paying

image text in transcribed please show how to get the pv either in sceduel or finacial calculator
On Jan 1 2019 LCM2 issued a 7 year $700,000 Bond paying 8% interest semi-annually. The market rate for bonds of similar risk and maturity was 11%. LCM uses the straight-line method amortization. ; 2= 5.5 Journalize the LCM2 Issue PV = 700,- ord 281 x 7001 - 41922- 28000 per year Jan 1 Bond Issue Tool - 7x2 = 14 ye 1-2 = 5. Journalize the interest payment made by LCM2 June 30 2019 Jun 30 Interest Payment Dr

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

Step: 3

blur-text-image

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

Accounting A Systems Approach

Accounting A Systems Approach

Authors: Alison Warman, Jeff Davies

1st Edition

1861520379, 978-1861520371

More Books

Students also viewed these Accounting questions

Question

★★★★★
A uniform rod AB can rotate in a vertical plane about a horizontal axis at C located at a distance c above the mass center G of the rod. For small oscillations determine the value of c for which the...

Answered: 1 week ago

Question

★★★★★
A curious graduate student wanted to determine the degree of association between successful campaign fund raising and political success in elections. The following crosstabulation displays the data...

Answered: 1 week ago

Question

★★★★★
1. Rachel had been practicing her multiplication tables for weeks before her yearly standardized test. She knew all of her facts completely. This type of knowledge that Rachel now has attained does...

Answered: 1 week ago

Question

★★★★★
A firms bonds have a maturity of 10 years with a $1,000 face value, have an 8% semiannual coupon, are callable in 5 years at $1,050, and currently sell at a price of $1,100. What are their nominal...

Answered: 1 week ago

Question

★★★★★
3-2 The City of Riner General Fund has the following net resources at year-end: $150 unexpended proceeds of a state grant required by law to be used for health education. $15 of prepaid insurance....

Answered: 1 week ago

Question

★★★★★
5 A sled is moving down a steep hill in a straight line. At times, the acceleration of 1 the sled is a ms-2 where a = - (20t -t), 0

Answered: 1 week ago

Question

★★★★★
You have been hired as a Restaurant Manager for a new restaurant in downtown Toronto. The owner, Mr. McDavid, has come to you with a request to incorporate sustainability within the business, both...

Answered: 1 week ago

Question

★★★★★
1. Discuss the seven factors that should be addressed when making the business case for a new Information System. There are seven factors that should be addressed when making the business case for a...

Answered: 1 week ago

Question

★★★★★
What condition could cause a properly installed and maintained hood system to fail to control a fire? Use of blow of caps on nozzles Installation of a pre-engineered system A buildup of grease in the...

Answered: 1 week ago

Question

★★★★★
Create a question that explores proving operational Interoperability to be a daunting task, particularly due to privacy and technical issues

Answered: 1 week ago

Question

★★★★★
Question: Writre a personal reflection Think about how you will use the 3 elements of persuasion (logic, emotion, credibility) to engage your reader. The coronavirus pandemic deeply impacted schools...

Answered: 1 week ago

Question

★★★★★
Suppose you have been asked to perform a task analysis for the job of dispatcher in a city police department. Which method(s) of task analysis do you think would be most appropriate for analyzing...

Answered: 1 week ago

Question

★★★★★
What are the three essential features of an effective HRD or training program objective? Why is each one so important? Discuss training or classroom experiences that you have had where objectives...

Answered: 1 week ago

Question

★★★★★
What is the relationship between organizational needs analysis and strategic planning? How can tying HRD programs to an organizations strategic plan make it easier to justify requests for resources...

Answered: 1 week ago

Previous Question Next Question