Question: help me please thank you 38) On March 1, 2019, Harbour Corporation issued 10% debentures dated January 1, 2019, in the face amount of P1,000,000,

help me please thank you

38) On March 1, 2019, Harbour Corporation issued 10% debentures dated January 1, 2019, in the face amount of P1,000,000, with interest payable on January 1 and July 1. The debentures were sold at face and accrued interest. How much should Harbour debit to cash on March 1, 2019? A. 966,667 B. 983,333 c. 1,016,667 D. 1,033,333

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer

Step: 1 Unlock blur-text-image

Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock

Step: 3 Unlock

Students Have Also Explored These Related Accounting Questions!

On November 1,2017, the following were the account balances of Soho Equipment Repair. During November, the following summary transactions were completed. Nov. 8 Paid $1,220 for salaries due...

help me please thank you 25) On March 1, 2019, Madine Corporation issued at 103 plus accrued interest, 1,000 of its 9%, P1,000 bonds. The bonds are dated January 1, 2019 and mature on January 1,...

help me please thank you 2) On March 1, 2019, Madine Corporation issued at 103 plus accrued interest, 1,000 of its 15%, P1,000 bonds. The bonds are dated January 1, 2019 and mature on January 1,...

PROBLEM NO. 3 In your initial audit of Bulls Co., you find the following ledger account balances. 12%, 25-year Bonds Payable, 2016 issue 01/01/2016 CR P 1,600,000 Treasury Bonds 10/01/2020 CD P...

I do not understand this. Please answer questions. Description / Instructions: Complete the following Week 3 Assignment in WileyPLUS: *Problem 9-7A *Exercise 10-5 *Exercise 10-8 *Exercise 10-13...

Please help me thank u! for studying On January 1, 2022, Dirk Corporation issued 1,000 of its January 1, 2017, 8%, 10 year, P1,000 face value bonds with detachable stock warrants at P1,250,000. Each...

question3 Stockholders of a company may be reluctant to finance expansion through issuing more common stock because a leveraging with debt is always a better idea. a their percentage ownership will...

On January 1, 2022, Dirk Corporation issued 1,000 of its January 1, 2017.8%, 10 year, P1,000 face value bonds with detachable stock warrants at P1,250,000. Each bonds, which pays semi-annual interest...

University Foods issued 10% bonds, dated January 1, with universal foods issues 10% bonds, dated January 1, with a face amount of $110 million on January 1,2021. The bonds mature on December 31,2040...

Sandhill Modernas of Juarez, Mexico, is contemplating a major change in its cost structure. Currently, all of its drafting work is performed by skilled draftsmen. Rafael Jiminez, Sandhill's owner, is...

The statement of comprehensive income for the years ended December 31, 2008 and 2009, plus selected items from comparative balance sheets of Johnson Wholesalers Inc. are as follows: There were no...

10. Open the VB2015\Chap06\Fibonacci Solution\Fibonacci Solution (Fibonacci Solution.sln) file. The application should display the first 10 Fibonacci numbers: 1, 1, 2, 3, 5, 8, 13, 21, 34, and 55....

PL) Determine the Forces in the members of Hhe inbenally vealundant truss Shown in E = 29,000 Ksi 2uft 24Pt1 24ft 2iu2 2. Liuz 24 ft 2inz 2inz 2 iuz 2 juz lok 25 K 2 in?

Determine interval Moments at each joint of the beam shown in figure then Draw V.D and M.D. Delemire intemal Moments A Hhe beam Shown in Figure. then draw V.D aud M.D at each joint 60K 30K 2.4 KIft...

1. Prepare journal entries in the capital projects fund to reflect the following events and transactions: a. The city approves (and gives accounting recognition to) the projects budget of $9,027,000,...

Consider the following two mutually exclusive projects: Whichever project you choose, if any. you require a 15 percent return on your investment. a. If you apply the payback criterion, which...

The Company?s income statement for the upcoming year is as follows: Company's management is considering dropping the western territory and has determined that $310,000 of the fixed expenses is...

u can answerr only 4 part. Please follow the same Performa of written assignment. This assignment should be submitted through Blackboard and through SafeAssign. I Part 1 (600-700) 1. What do you...

1. To understand the prerequisites for personal communication mastery.

2. To understand different focus areas for personal communication mastery.

3. Im trying to point out what we need to do to make this happen