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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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Baruch co. has 8% coupon bonds on the market that have 10 years left to maturity. The bonds will make annual payments. If the YT
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Answer:

the current bond price is $1,147.20

Explanation:

The computation of the current bond price is shown below:

Given that

NPER = 10

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Here we assume the future value be $1,000

The formula is shown below:

= -PV(RATE,NPER,PMT,PV,TYPE)

After applying the above formula, the current bond price is $1,147.20

5 0
3 years ago
Suppose the following transactions occur during the current year:
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Answer:These transactions combines will increase the Gross Domestic Products by +2500

Explanation:

Gross domestic product is the Value of all goods and service produced within the boarders of the country over a period of time. Gross domestic product is measured in monetary terms. Gross domestic product can also be calculated as a total of all expenditures on goods and services in the economy.

we will now sow how these Transactions affect the gross domestic product

1. 50 cases of beer from a dutch distributor at $40 per case

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Imports have a negative impact on the Gross domestic product, Therefore the Gross domestic product will decrease by $2000

-$2000 imports = -2000 Gross Domestic Product. ceteris pa

2.US Company sells 200 Transistors to a Spanish company at $15 per case

Exports increase Gross domestic product. When a US Company sells 200 transistors to a Spanish Company at a price of $15 per transistor, Exports will increase by $3000. When export increase Gross domestic product will also increase by -$3000 ceteris par

+$3000 export = + 3000 Gross Domestic Product.

3. Jake US Citizen pays $1500 for a laptop he orders from microell (a US company)

This transaction will increase Consumer's domestic consumption which is represent by a Variable denoted by C in the Consumption equation. When Jake pays $1500, Consumption increases by $1500 which also increases Gross domestic Product by $1500 ceteris pa

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Combined effect of these Transactions

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+$1500 + 0 + 0 + 0 + ($3000 - $2000) = + $2500        

These transactions combines will increase the Gross Domestic Products by +2500

8 0
3 years ago
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Your answer: work more hours
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Richard suspects his supervisor of unethical accounting practices. However, hedoes not want to lose his job if he reports the su
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