How do I do the general entry for <br/>Alpha Company signed a $100,000 mortgage on July 1 2016 for a purchase of their new garage building. The mortgage entailed equal monthly payment of $2,500.00 at the end of each month. The interest rate is %0.25 per month Looking for a Similar Assignment? Order now […]
On January 2, 2017, B Company purchased 15,000 shares of the stock of Echo Company, and did not obtain significant influence. The investment is intended as a long-term investment. The stock was purchased for $12 per share, and represents a 15% ownership stake. Echo Company made $25,000 of net income in 2017, and paid dividends […]
On January 1, 2017, Bravo Company purchased a bond investment. the bonds have a par of $10000 pay interest at 5% annual rate and have a 5 years until maturity. What is the total Interest Income that will be reported over the life of bond investment if the bonds were purchased at 95 and Ryan […]
Daniels Company purchased a 1,000, 5 year 6% bond on July 1 2016 for $960. Interest is paid annual on June 30. The straight line method of amortization is used for both premiums and discounts. use this information to prepare the General Journal Entry for the June 20, 2017. Looking for a Similar Assignment? […]
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