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Diano4ka-milaya [45]
3 years ago
13

Trump Company issued $200,000 of bonds payable at face value on March 1, 2016. The bonds were authorized on January 1, 2016, wit

h a stated rate of 3% and a maturity date of December 31, 2025. Interest payments are to be made annually, starting December 31, 2016. Because the authorization date preceded the issue date, the bonds were issued "plus accrued interest."
Prepare the following journal entries. Note, there are two different ways to handle the accrued interest, but be consistent between Part A and Part B.
A. The issue of the bonds at March 1, 2016, plus accrued interes
B. The payment of the first interest payment on December 31, 2016.
Business
1 answer:
svetlana [45]3 years ago
7 0

Answer:

I beeleev yowr ansr iz tin

Explanation:

i have a bog grain

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On October 1, year 1, Kirby Corp. purchased equipment for $100,000. The equipment has a useful life of 5 years with no residual
NNADVOKAT [17]

Answer:

5000 partial depreciation

Explanation:

straight line formula is = <u>cost  - scrape value</u>

                                          useful life in years

since there is no residual value (scrape value) therefore, we divide <u>100,000 </u>

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the answer we get 20000 per year depreciation. but the equipment is bought on 1st oct, and if assume that the year ends on Dec, 31 so  it is measure for 3 month depreciation which is 5000.                                                                                                                                                                                                                                                                                            

4 0
3 years ago
What is the difference between a traditional savings account and an online savings account
Rudiy27
In traditional savings account, you can withdraw money whenever you need it without a financial penalty. In online savings account, link to traditional or online checking accounts and you enter your banks routing number and account number on the application. You can also transfer money between linked accounts with online savings. (hope this helps:)
6 0
3 years ago
You are analyzing an investment property. You forecast the effective gross income to be $396,000. The operating expenses for thi
3241004551 [841]

Answer:

<em> $220,000</em>

Explanation:

Given:

Effective Gross Income(EGF) : $396,000

Operating Expenses(OE) : $176,000 ( Including $4,400 reserve for replacements)

To Find Net Operating Income(NOI):

NOI = EGF - OE

NOI = $396,000 - $176,000

NOI = $220,000

So the Net Operating Income is $220,000

7 0
3 years ago
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