On December 31, 2017, Blair Company issued $600,000 of 20‑year, 11 percent bonds payable for $554,861, yielding an effective interest rate of 12 percent. Interest is payable semiannually on June 30 and December 31. Prepare journal entries to reflect (a) the issuance of the bonds, (b) the semiannual interest payment and discount amortization (effective interest method) on June 30, 2018, and (c) the semiannual interest payment and discount amortization on December 31, 2018. Round amounts to the nearest dollar.
Solved
Show answers
More tips
- H Health and Medicine Heartburn: Causes and Ways to Get Rid of It...
- H Health and Medicine Simple and Effective: How to Get Rid of Cracked Heels...
- H Health and Medicine Relieving Swelling in Legs: Causes and Ways to Alleviate the Symptom...
- W Work and Career Мерчендайзинг – все, что нужно знать...
- O Other Everything You Need to Know About Kudyabliks...
- F Food and Cooking How to cook crayfish? Everything you need to know...
- F Food and Cooking Homemade kvass: recipe and brewing process...
- H Health and Medicine How to Choose the Right Tanning Cream?...
- S Style and Beauty Secrets of Tying a Pareo: 5 Ways...
- S Sport Running: How to Do It Right?...
Answers on questions: Business
- B Biology The intermediate stage between snow and glacial ice is called...
- M Mathematics How many solutions does 2j+7=2j+7 have...
- B Business If the Federal Reserve has targeted an increase in M2 equal to $2 trillion, and they know that banks are holding 15% of their deposits as reserves (10% as required...
Ответ:
$484.11
Explanation:
Calculation to determine How much money does Bridget have in her checking account?
Previous balance of $181.36
Add Total deposits $475.00
Less Total checks written $165.25
Less service charge $7.00
Checking account balance $484.11
Therefore How much money does Bridget have in her checking account is $484.11