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On January 1, 2014, Brenner Company purchased at challenge value, a $1,000, 8% bond that pays interest on January 1 and July 1. Brenner Company kind of has actually a calendar year end.The adjusting entry on December 31, 2014, is
On January 1, 2014, Brenner Company purchased at confront value, a $1,000, 10% bond that pays interest on January 1 and July 1. Brenner Company type of has a calendar year end.The enattempt for the receipt of interest on January 1, 2015 is
On January 1, Skills Company purchased as a short-term investment a $1,000, 6% bond for $1,000. The bond pays interest on January 1 and also July 1. The bond is marketed on October 1 for $1,200 plus accrued interemainder. Interest has actually not been accrued considering that the last interemainder payment day. What is the entry to document the cash proceeds at the time the bond is sold?
Bay Company kind of acquires 60, 8%, 5 year, $1,000 Community bonds on January 1, 2014 for $60,000. If Bay sells every one of its Community bonds for $64,500, what acquire or loss is recognized?
Ban Co. purchased 50, 5% Waylan Company type of bonds for $50,000 cash plus brokerage fees of $500. Interemainder is payable semiyearly on July 1 and also January 1. The enattempt to record the July 1 semiannual interest payment would encompass a
Ban Co. purchased 50, 5% Waylan Company bonds for $50,000 cash plus brokerage fees of $500. Interemainder is payable semieach year on July 1 and January 1. The entry to record the December 31 interemainder accrual would certainly include a
Tempest Co. purchased 60, 6% Urich Company bonds for $60,000 cash. Interest is payable semievery year on July 1 and also January 1. If 30 of the securities are marketed on July 1 for $32,000, the enattempt would certainly encompass a credit to Gain on Sale of Debt Investments for
On January 1, Hamm Company type of purchased as an investment a $1,000, 6% bond for $1,020. The bond pays interest on January 1 and also July 1. What is the entry to record the interemainder accrual on December 31?
Beak Corporation sells 200 shares of common stock being held as an investment. The shares were obtained 6 months back at a expense of $25 a share. Beak sold the shares for $40 a share. The enattempt to record the sale is
Yeloe Corporation sells 400 shares of common stock being hosted as an investment. The shares were acquired six months earlier at a cost of $60 a share. Yeloe marketed the shares for $40 a share. The enattempt to document the sale is
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