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2 years ago

I'm new here. What do I do? I dont even know anyone

Business

2 answers:

riadik2000 [5.3K]2 years ago

4 0

Answer:

if you have question on anything you can search it, if you found nothing simply post the question and someone may help you anytime.

Explanation:

Natali5045456 [20]2 years ago

4 0

Answer:

hi what you bascilly do is ask like homework questions but somekids dont they give free points nd like ask who wants to be there friend lol so yea

Explanation:

lol you dont have to know anyone

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The finance balance sheet is

Scorpion4ik [409]

Answer:

A) the same as the accounting balance sheet, but it is based on market values.

Explanation:

The finance balance sheet is same as the accounting balance sheet but it is based on market value.

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3 years ago

Diversification is important in investing because…

Airida [17]

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3 years ago

How are collective goods different from private goods? collective goods and private goods both offer broadly distributed benefit

Free_Kalibri [48]

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3 years ago

Economics is ______.

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3 years ago

Read 2 more answers

On January 1, 2017, Hi and Lois Company purchased 12% bonds having a maturity value of $300,000, for $322,744.44. The bonds prov

Feliz [49]

Answer:

a. January 1, 2017, bonds are purchased at a premium

Dr Investment in bonds 300,000

Dr Premium on bonds receivable 22,744.44

Cr Cash 322,744.44

Date Cash Interest Amortization Bond Carrying

received revenue of premium premium value

1/1/18 $36,000 $32,274.44 $3,725.56 $19,018.88 $280,981.12

1/1/19 $36,000 $31,904.89 $4,095.11 $14,923.77 $285,076.23

1/1/20 $36,000 $31,492.38 $4,507.62 $10,416.15 $289,583.85

1/1/21 $36,000 $31,041.61 $4,958.39 $5,457.76 $294,542.24

1/1/22 $36,000 $30,542.24 $5,457.76 $0 $300,000

amortization of bond premium = ($322,744.44 x 10%) - $36,000 = -$3,725.56

amortization of bond premium = ($319,018.88 x 10%) - $36,000 = -$4,095.11

amortization of bond premium = ($314,923.77 x 10%) - $36,000 = -$4,507.62

amortization of bond premium = ($310,416.15 x 10%) - $36,000 = -$4,958.39

amortization of bond premium = $10,416.15 - $4,958.39 = -$5,457.76

December 31, 2017

Dr Interest receivable 36,000

Cr Interest revenue 32,274.44

Cr Premium on bonds receivable 3,725.56

December 31, 2017

Dr Interest receivable 36,000

Cr Interest revenue 31,904.89

Cr Premium on bonds receivable 4,095.11

8 0

2 years ago