Answer:
A January 1, 2020
Dr Cash $54,600
Cr Bonds payable $52,000
Cr Premium on bonds payable $2,600
B. December 21 2022
Dr Bonds payable $52,000
Dr Premium on bonds payable $1,820
Cr Common stock $26,000
Cr Paid in capital in excess of Par $27,820
Explanation:
Preparation of the entry for Stonewall Corporation
A January 1, 2020
Dr Cash $54,600
($52,000+$2,600)
Cr Bonds payable $52,000
Cr Premium on bonds payable $2,600
(5%*$52,000)
(To record issue of bonds for premium)
B. December 21 2022
Dr Bonds payable $52,000
Dr Premium on bonds payable $1,820
(100%-30%*$2,600)
Cr Common stock $26,000
(52*10*50)
Cr Paid in capital in excess of Par $27,820
($52,000+$1,820-$26,000)
(To record conversion of bonds into Common Stock)
Answer:
Explanation:
(a) The computation of the cost of goods sold is shown below:
= Beginning inventory + Purchase of new merchandise - ending inventory
= $4,000 + $22,000 - $4,500
= $21,500
(b) In the income statement, the total revenues and the total expenses are recorded.
If the total revenues are more than the total expenditure then the company earns net income
And, If the total revenues are less than the total expenditure then the company have a net loss
This net income or net loss would reflect in the statement of the retained earning account.
The preparation of the income statement is presented in the spreadsheet. Kindly find the attachment below:
Answer:
(d) $1.55≤VP(0)<$1.76
Explanation:
VP(0) =VC(0) +Ke-rT-FP0
T(S) =VC(0) +Ke-rT-S(0) +De-rt1+De-rt2
Using the formulae
= 3.20 + 35e-0.06/2-36.50 + 0.50e-0.06/4+ 0.50e-0.06/2
=1.64.
The priceVP(0) of a 6-month, $35.00 strike put option is 1.64
Answer:
The answer is below
Explanation:
They are various Time Management Tools in which an individual can use to manage his or her time effectively. Thus, human resources managers can use any of the listed time management tools in order to make effective use of their time when it comes to coping with demands, constraints, and choices confronting them:
1. To Do List
2. Calendar
3. Address Book
4. Notebook
Answer:
1.prove the equality of the debit and credit amounts after posting.
Explanation:
There are two columns in the trial balance, called debit columns and columns of credit. The total columns of debit and credit should always equaled. The debit columns report assets and expenditures side while profits, stockholder equity, and the liability side are reported in the credit column.
Its main purpose to equate and the prove the both side of the columns after posting of transactions
