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Nimfa-mama [501]
3 years ago
5

Woodwick Company issues 9%, five-year bonds, on December 31, 2014, with a par value of $96,000 and semi-annual interest payments

.Semi-annual Period-End Unmortized Premium Carrying value 0) 12/31/2816 $8,031 $104,0311) 6/3e/2817 7,228 183,2282) 12/31/2817 6,425 182,425 Use the above straight-line bond amortization table and prepare journal entries for the following A) The issuance of bonds on December 31, 2016.B) The first interest payment on June 30, 2017.C) The second interest payment on December 31, 2017.
Business
1 answer:
ad-work [718]3 years ago
4 0

Answer:

A) The issuance of bonds on December 31, 2016.

Dr Cash 104,031

    Cr Bonds payable 96,000

    Cr Premium on bonds payable 8,031

B) The first interest payment on June 30, 2017.

Dr Interest expense 3,517

Dr Premium on bonds payable 803

    Cr Cash 4,320

C) The second interest payment on December 31, 2017.

Dr Interest expense 3,517

Dr Premium on bonds payable 803

    Cr Cash 4,320

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Answer:

Instructions are below.

Explanation:

Giving the following information:

Schell has a total of $39,060 in overhead.

Direct labor hours:

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To calculate the estimated manufacturing overhead rate we need to use the following formula:

Estimated manufacturing overhead rate= total estimated overhead costs for the period/ total amount of allocation base

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Allocated MOH= Estimated manufacturing overhead rate* Actual amount of allocation base

Standard= 65.1*400= $26,040

Deluxe= 65.1*200= $13,020

2) Machine hour as allocation rate:

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Now, we can allocate to each product line:

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The money demand function for an economy is given by (M/P)d = (0.6Y)/(i1/2). If output is 1,000 units, the nominal interest rate
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Answer:

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<h3>What are financial intermediaries?</h3>

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