Entries by mary WAMBUGU

January 2 2018 A Company purchased 12,000 shares of stock of B Company, and did not obtain significant influence.

August 22, 2019 in /by

January 2 2018 A Company purchased 12,000 shares of stock of B Company, and did not obtain significant influence. investment is intended as a long-term investment. Stock purchased for $10 per share and represents 10% ownership stake. B Company made $50,000 of net income in 2018, paid dividends of 50 cents per share on December […]

 

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on April 1 2019 A Company issues $800,000 of 5%, 10-year bonds. Bonds issues at 97, pay interest on October 1 and April 1. Prepare General entry to record April 1 2019 bond issue

August 22, 2019 in /by

on April 1 2019 A Company issues $800,000 of 5%, 10-year bonds. Bonds issues at 97, pay interest on October 1 and April 1. Prepare General entry to record April 1 2019 bond issue   Looking for a Similar Assignment? Order now and Get 10% Discount! Use Coupon Code “Newclient”

 

Looking for a Similar Assignment? Order now and Get 10% Discount! Use Coupon Code "Newclient"

on January 1 2018 A Company issues $180,000 face value, 5%, 10-year bonds at 101. Interest paid annually on January 1.

August 22, 2019 in /by

on January 1 2018 A Company issues $180,000 face value, 5%, 10-year bonds at 101. Interest paid annually on January 1. A Company uses straight-line method for amortization. What is the dollar value of interest expense for the 2018 fiscal year   Looking for a Similar Assignment? Order now and Get 10% Discount! Use Coupon […]

 

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on August 1 2018 A Company entered into a capital lease and correctly recorded the leased asset and related obligation at $120,000

August 22, 2019 in /by

on August 1 2018 A Company entered into a capital lease and correctly recorded the leased asset and related obligation at $120,000. Annual interest rate implicit in the lease was 7% and the first lease payment of $1,700 is due at the end of each month for the lease. Prepare the General Journal entry for […]

 

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