Question: This is an accounting assignment I needed to get done, I included photos below of the questions. This is the introduction accounting class. There are
This is an accounting assignment I needed to get done, I included photos below of the questions. This is the introduction accounting class.






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The following information is provided by Wangerin Inc. for the year ended December 31, 2023: What is Wangerin Inc.'s Times Interest Earned for 2023? Round your answer to two decimal places. Are the following statements true or false? 1. Unearned revenue will annoar an the income statement. 2. Salaries and wages expense will be equal to the amount of cash paid to emplovees an naviday. 3. Convertible bonds are bonds that can he converted into a note payable 4. The face value of a bond is the amount of princinal due at the maturity date 5. If the market rate of a bond is greater than the stated rate of a bond, the bond will be issued at a discount 5. When a bond is issued at a premium, interest expense will be equal to the cash paid to bond holders Pink Flamingo Corporation issued 100 bonds with a face value of $1,000 on January 1,2022 . These bonds were issued for $108,111 and due on January 1,2032 . The bonds will pay interest on January 1st, and the effective interest rate is 4%. The bonds had a contractual interest rate of 5%. What journal entry should be recorded by Pink Flamingo on January 1, 2022? Answer should be expressed as : DR (ACCOUNT NAME) $X,XXX - CR (ACCOUNT NAME) $X,XXX No dates or explanations are needed. Edit View Insert Format Tools Table 12pt Paragraph Use the same information as question \#4 and assume the effective-interest method is used. How much interest expense should Pink Flamingo record on the income statement for the year ended December 31,2022? Round your answer to two decimal places, Question 6 Badger Co. borrowed $50,000 from Bucky Co and signs a $50,000,8%,6-month note on January 1, 2022. Badger Co. must issues quarterly financial statements on March 31, 2022. What amount of interest expense should Badger company record on their quarterly financial statements? Badger Co. borrowed $50,000 from Bucky Co and signs a $50,000,8%, 6-month note on January 1, 2022. Badger Co. must issues quarterly financial statements on March 31,2 d 2. What amount of interest expense should Badger company record on their quarterly financial statements? Badger Co. issued 8%,5 year $2,000,000 bonds that pay interest annually on January 1 . The bonds are dated January 1 , 2022 and are issued on that date. The market rate for such bonds on January 1,2022 is 10%. What is the selling price of the bond on January 1 , 2022? Round your final answer to the nearest dollar
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