Sea-Link Distributors Inc. issues $2,000,000 of 4-percent, semiannual, 20-year bonds dated on April 30. Record (a) The
Question:
Sea-Link Distributors Inc. issues $2,000,000 of 4-percent, semiannual, 20-year bonds dated on April 30. Record
(a) The issuance of bonds at par on April 30 and
(b) The next semiannual interest payment on October 31.
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 76% (13 reviews)
General Journal DATE ACCOUNT TITLES AND EXPLANATIONS POS...View the full answer
Answered By
JAPHETH KOGEI
Hi there. I'm here to assist you to score the highest marks on your assignments and homework. My areas of specialisation are:
Auditing, Financial Accounting, Macroeconomics, Monetary-economics, Business-administration, Advanced-accounting, Corporate Finance, Professional-accounting-ethics, Corporate governance, Financial-risk-analysis, Financial-budgeting, Corporate-social-responsibility, Statistics, Business management, logic, Critical thinking,
So, I look forward to helping you solve your academic problem.
I enjoy teaching and tutoring university and high school students. During my free time, I also read books on motivation, leadership, comedy, emotional intelligence, critical thinking, nature, human nature, innovation, persuasion, performance, negotiations, goals, power, time management, wealth, debates, sales, and finance. Additionally, I am a panellist on an FM radio program on Sunday mornings where we discuss current affairs.
I travel three times a year either to the USA, Europe and around Africa.
As a university student in the USA, I enjoyed interacting with people from different cultures and ethnic groups. Together with friends, we travelled widely in the USA and in Europe (UK, France, Denmark, Germany, Turkey, etc).
So, I look forward to tutoring you. I believe that it will be exciting to meet them.
3.00+
2+ Reviews
10+ Question Solved
Related Book For
Accounting
ISBN: 978-0132690089
9th Canadian Edition volume 2
Authors: Charles T. Horngren, Walter T. Harrison Jr., Jo Ann L. Johnston, Carol A. Meissner, Peter R. Norwood
Question Posted:
Students also viewed these Accounting questions
-
Sea-Link Distributors Inc. issues $2,000,000 of 6 percent, semi-annual, 20-year bonds dated April 30. Record (a) The issuance of bonds at par on April 30 (b) The next semi-annual interest payment on...
-
Given the following information for Lightning Power Co., find the WACC. Assume the companys tax rate is 35 percent. Debt: 8,000 6.5 percent coupon bonds outstanding, $1,000 par value, 25 years to...
-
The Saunders Investment Bank has the following financing outstanding. What is the WACC for the company? Debt: 90,000 bonds with a coupon rate of 6 percent and a current price quote of 106.4; the...
-
aj b) If the magnitude of the force F is 700 N, what is the value of the internal moment at point A in N.m? d) 0.5 m 540 180 210 A 0.8 m 240 Bo birak F A
-
Listed below are several types of accounting data that might be coded. For each data item, recommend a type of code (mnemonic, sequence, block, or group) and support your choice. a. Employee...
-
1. A company has a $4,000 balance in Unearned Revenue on its unadjusted trial balance. At the end of the year, the company has earned all but one- fourth of the revenue. The adjusting journal entry...
-
The following data are for Huang Wong Ping Retail Outlet Stores. The account balances (in thousands) are for 2017. 1. Compute (a) the cost of goods purchased and (b) the cost of goods sold. 2....
-
Dunder Mifflin Inc. wanted to expand its manufacturing and sales facilities. The company applied for a loan from First Bank, presenting the prior- year audited financial statements and the forecast...
-
Suppose the consumer has a wage of $52.00 per week to spend on Goods A, B & C. The cost per unit of each of these goods is Good A: $1.00 per unit, Good B: $2.00 per unit, Good C: $4.00 per unit. Use...
-
Karane Enterprises, a calendar-year manufacturer based in College Station, Texas, began business in 2017. In the process of setting up the business, Karane has acquired various types of assets. Below...
-
A capital lease agreement for equipment requires Granger Transport Ltd. to make 10 annual payments of $40,000, with the first payment due on January 2, 2014, the date of the inception of the lease....
-
Kerr Consulting Corporation is considering raising capital for a planned business expansion to a new market. Alex Kerr believes the company will need $500,000 and plans to raise the capital by...
-
1. What does this story tell you about the effect of top management on organizational culture? 2. How can you determine when a line has been crossed between a fun and informal culture, and one that...
-
A critic of CBA may say this: what is the point of entering into the philosophically loaded argument of intergenerational equity when we still have, as shown in Chapter 7 , a long way to go in...
-
What does TELOS stand for? How is it helpful?
-
How are LLCs and LLPs related to the other forms of organization?
-
Which factor sets an upper limit on how much can be paid for savings?
-
Compare and contrast the following pairs of concepts: - weather and climate, - global warming and climate change.
-
Adrenaline Entertainment is struggling financially and its CFO, David Plesko, is starting to feel the heat. Back on January 1, 2017, Adrenaline Entertainment issued $100 million of 6% bonds, due in...
-
a) Calculate the goodwill that was paid by Major Ltd on the acquisition of Minor Ltd. [10 marks] b) Prepare the consolidated statement of financial position for Major Ltd at 31 July 20X8. [30 marks]...
-
What differences are there between the trial balance before closing and the trial balance after closing with respect to the following accounts? (a) Accounts Payable. (b) Expense accounts. (c) Revenue...
-
What differences are there between the trial balance before closing and the trial balance after closing with respect to the following accounts? (a) Accounts Payable. (b) Expense accounts. (c) Revenue...
-
What differences are there between the trial balance before closing and the trial balance after closing with respect to the following accounts? (a) Accounts Payable. (b) Expense accounts. (c) Revenue...
-
Link to Digital Profile/Portfolio 2. You are taking a database snapshot of your RDS instance. What would be the impact to the I/O operations while taking snapshots? 3. What is the maximum size of RDS...
-
Define Divide and Conquer Run the simulation of merge sort in: https://www.hackerearth.com/practice/algorithms/sorting/merge-sort/visualize/ (not a question) Explain the algorithm of merge sort? Does...
-
Ask a non-IT person (your friend, child) how the Web is different from the Internet. Quote the most interesting part of their answer and then critique it based on what you know. Explain the process...
Study smarter with the SolutionInn App