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Orlov [11]
3 years ago
7

On January​ 31, 2021​, Pristar ​Logistics, Inc., issued 10​-year, 5​% bonds payable with a face value of $5,000,000. The bonds w

ere issued at 95 and pay interest on January 31 and July 31. Pristar Logistics amortizes bond discounts using the​ straight-line method. Read the requirementLOADING.... a. Record the issuance of the bond payable on January​ 31, 2021.​ (Record debits​ first, then credits. Exclude explanations from any journal​ entries.) Journal Entry Date Accounts Debit Credit Jan 31 b. Record the payment of semiannual interest and amortization of bond discount on July​ 31, 2021. Journal Entry Date Accounts Debit Credit July 31 c. Record the interest accrual and discount amortization on December​ 31, 2021. ​(Do not round intermediary calculations. Only round the amount you enter into the input field to the nearest whole​ dollar.)
Journal Entry Date Accounts Debit Credit Dec 31
Business
1 answer:
nignag [31]3 years ago
5 0
50000+50=100010101 please like I need to finish my homework this app is saving me
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Evan Corporation provided consulting services for Kensington Company in 2015. Evan incurred costs of $48,000 associated with the
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Answer:

2015 - $24,000

2016 - $0

Explanation:

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For 2016:

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As in accrual basis of accounting, whether cash is received or not the transaction should be reported in the books of accounts

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San Francisco Seats manufactures seats for airplanes. The company has the capacity to produce 100,000 seats per year, but is cur
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Answer:

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Explanation:

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Maurice, your cousin, has gone to work at Midwest Mutual, a huge whole life insurance corporation. When you come home from schoo
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