Entries by Munene david

Does anyone have any guidance on how to complete the following:

May 5, 2020 in /by

Does anyone have any guidance on how to complete the following:<br/><br/><br/>Erik Food Supply Company issued $100,000 of face amount of 4-year bonds on January 1, 20X1. The bonds were issued at 98, and bear interest at a stated rate of 8% per annum, payable semiannually. The discount is amortized by the straight-line method. (a). Prepare the journal […]

 

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Can anyone provide guidance on the following

May 5, 2020 in /by

Can anyone provide guidance on the following:<br/><br/><br/>Clear Water Coffee issued $100,000 of 7% bonds on January 1, 20X1. The bonds were issued at par and pay interest on June 30 and December 31 of each year. By December 31, 20X5, the market rate of interest had increased, and Clear Water was able to reacquire and retire the […]

 

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Hello,The following problem is giving me fits

May 5, 2020 in /by

Hello,<br/><br/><br/>The following problem is giving me fits:<br/><br/><br/>Magic Blade’s stock has risen rapidly to $50 per share. The increase is due to excitement about its new knife that uses a light beam to slice fruits and vegetables. This process enhances the final appearance and quality of salads and fruit trays. The board of directors is considering strategies to […]

 

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Why do companies go through a closing process?

May 5, 2020 in /by

Why do companies go through a closing process? What accounts are closed in that process? Are they really closed and “erased” from the accounting system?   Looking for a Similar Assignment? Order now and Get 10% Discount! Use Coupon Code “Newclient”

 

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