Entries by mary WAMBUGU

Ace Brick company issued $100,000 of 5-year bonds. The bonds were issued at par on January 1, 20X1, and bear interest at a rate of 8% per annum, payable semiannually.

September 15, 2019 in /by

Ace Brick company issued $100,000 of 5-year bonds.  The bonds were issued at par on January 1, 20X1, and bear interest at a rate of 8% per annum, payable semiannually.  (a) Prepare the journal entry to record the bond issue on January, 20X1. (b) Prepare the journal entry that Ace would record on each interest […]

 

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Take lessons 1, 2, & 3 in the Codification Learning Guide (found in Course Resources). Summarize and discuss what you learned.

September 15, 2019 in /by

Take lessons 1, 2, & 3 in the Codification Learning Guide (found in Course Resources). Summarize and discuss what you learned.   Looking for a Similar Assignment? Order now and Get 10% Discount! Use Coupon Code “Newclient”

 

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Alpha company purchased a bond investment on January 1, 2017. The bonds have a par of $10,000, pay interest at a 4% annual rate and have 5 years until maturity.

September 15, 2019 in /by

Alpha company purchased a bond investment on January 1, 2017.  The bonds have a par of $10,000, pay interest at a 4% annual rate and have 5 years until maturity. What is the total Interest Income that will be reported over the life of the bond investment if the bonds were purchased at 102 and Alpha […]

 

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For the FY 2016, Alpha Company had net sales of $850,000 and net income of $50,000, paid income taxes of $20,000, and had before tax interest expense of $10,000

September 15, 2019 in /by

For the FY 2016, Alpha Company had net sales of $850,000 and net income of $50,000, paid income taxes of $20,000, and had before tax interest expense of $10,000. Use this information to determine the: (Round & enter your answers to one decimal place and enter the value.) 1. Times Interest Earned Ratio 2. Profit […]

 

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