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Phoenix [80]
3 years ago
5

Sheridan Company issued $6,500,000 of 6%, 10-year bonds for $5,614,000. The straight line method of amortization is to be used.

The journal entry to be recorded at the end of each year to record the accrued interest and the amortization of discount will include a
Business
1 answer:
Mrac [35]3 years ago
5 0

Answer:

The solution of the given query is explained throughout the segment below.

Explanation:

The given values are:

Company issued amount,

= $6,500,000

Rate of interest,

= 6%

Time,

= 10 years

Now,

On bonds payable amortization, the discount will be:

= \frac{6,500,000 -5,614,000}{10}

= \frac{886,000}{10}

= 88,600 ($)

Interest expenses will be:

= (6,500,000\times 6 \ percent) + 88,600

= 390,000+88,600

= 478,600 ($)

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an increase in the price of both

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Incomplete question. Hence, In answered from a general economic perspective.

Answer:

<u>is having an IPO</u>

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The only way to establish a cause-and-effect relationship between two variables is to conduct a(n) ________. experiment
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3 years ago
A sporting goods manufacturer budgets production of 48,000 pairs of ski boots in the first quarter and 39,000 pairs in the secon
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Answer:

$831,600

Explanation:

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The budgeted materials purchases cost is $831,600.

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3 years ago
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