On January 1, 2019, Brock & Co. issued $600,000 of bonds payable at par. The bonds have
Question:
Required:
Prepare the journal entries to record the interest payment on June 30, 2019.
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 88% (9 reviews)
Journal Date Account and Expl...View the full answer
Answered By
PALASH JHANWAR
I am a Chartered Accountant with AIR 45 in CA - IPCC. I am a Merit Holder ( B.Com ). The following is my educational details.
PLEASE ACCESS MY RESUME FROM THE FOLLOWING LINK: https://drive.google.com/file/d/1hYR1uch-ff6MRC_cDB07K6VqY9kQ3SFL/view?usp=sharing
3.80+
3+ Reviews
10+ Question Solved
Related Book For
Question Posted:
Students also viewed these Cost Accounting questions
-
On December 31, 2008, Brock & Co. issued $250,000 of bonds payable at par. The bonds have a 10 percent stated rate, pay interest on June 30 and December 31, and mature on December 31, 2011. Required:...
-
On December 31, 2010, Brock & Co. issued a $800,000 of bonds payable at par. The bonds have a 7 percent stated rate, pay interest on June 30 and December 31, and mature on December 31, 2011....
-
A partial amortization schedule for a 10-year note payable issued on January 1, 2016, is shown below. a. Using the financial statement model below, record the appropriate amounts for the following...
-
A small, 2-ha, mostly impervious urban catchment has an average slope of 1.5% and the following average. Horton infiltration parameters: f0 = 4 mm/hr, fc = 1 mm/hr, k = 2.2 hr-1. (Infiltration occurs...
-
A certain atom is in the state in which S = 2, the total angular momentum M = 2h, and the magnetic moment is equal to zero. Write the spectral symbol of the corresponding term.
-
Cold water (c p = 4.18 kJ/kgC) leading to a shower enters a well-insulated, thin-walled, double-pipe, counter flow heat exchanger at 10C at a rate of 0.95 kg/s and is heated to 70C by hot water (c p...
-
What is the future equivalent of \($1,000\) invested at 8% simple interest for 3 years?
-
During a violent thunderstorm with very high wind gusts in the third week of March, the broadcast tower for the public radio station, WVPR, atop Poor Mountain in Roanoke, Virginia, collapsed. This...
-
(5 points) A memory hierarchy has following hit rates and average access time of CPU. Calculate the last hit rate. Hit Rate Average Access Time of CPU (ns) 0.75 25 0.85 20 ??? 15
-
Figure 4-34 shows an EER diagram for a restaurant, its tables, and the waiters and waiting staff managers who work at the restaurant. Your assignment is to: a. Develop a relational schema. b. Show...
-
M. Nickles Company issued $1,500,000 of bonds for $1,487,200. Interest is paid semiannually. Required: 1. Prepare the necessary journal entry to record the issuance of the bonds. 2. Is the yield...
-
Refer to the information for Drew Company below. On January 1, 2020, Drew Company issued $350,000, 5-year bonds for $320,000. The stated rate of interest was 7% and interest is paid annually on...
-
How does interference with prospective contractual relations differ from the tort of interference with existing contractual relations?
-
3. (20 pts.) Your task is to design the control for an automatic chocolate bar vending machine. The chocolate bars inside the machine cost 2.55 TL, and the machine accepts TL and Kuru coins only. The...
-
Write a program TwoDices. java that simulates that you are rolling two dices 10000 times. At the same time, keep track of the number of times you get the result (adding the dice values) 2, 3, ...,...
-
a) How much memory in Tbytes can be accessed using 4 hex symbols for memory addressing assuming 8 bits (or I byte) capacity for each memory location. (Spoints) b) Please show the first 10 locations...
-
What is the price of a bond with a coupon rate of 8%, payable semi-annually, a face value of $1000, 14 years to maturity, and a yield to maturity of 8.8%? Enter your response below. Enter your answer...
-
Up to 5% points will be deducted if all relevant calculations are not shown for questions 3, 4 and 5 A chain discount of 10/7/4 results in a net price equivalent rate of ___________. Complete the...
-
How many different outcomes are possible for four rolls of a die?
-
Use the information given about the angles and to find the exact value of: (a) sin( + ) (b) cos( + ) (c) sin( - ) (d) tan ( + ) (e) sin(2) (f) cos (2) (g) sin /2 (h) cos/2 cos = 4/5, 0 < < /2; cos =...
-
Miller Enterprises deposits the cash received during each day at the end of the day. Miller deposited $12,730 on October 3 and $15,610 on October 4. Cash register records and other documents...
-
Johnson Corporation's bank statement for October reports an ending balance of $6,248, whereas Johnson's cash account shows a balance of $5,680 on October 31. The following additional information is...
-
The cash account for Fleming Company contains the following information for April: The bank statement for April contains the following information: Required: 1. Identify the outstanding checks at...
-
A system consisting of a small 1.20-kg object attached to a Ax(cm) light spring oscillates on a smooth, horizontal surface. A 5.00- graph of the position x of the object as a function of time is 4.00...
-
Transform following Relational model into ER Model. id Author writes authorid bookid Book bookid title edition libid memberld name dob AuthorContact id contact publishes Library id bid date id...
-
State suitable case for each model Hierarchical Model Network data model Relational model Object-oriented data model
Study smarter with the SolutionInn App