Thursday
March 5, 2015

Homework Help: accounting 2

Posted by kelly on Saturday, May 17, 2008 at 10:27am.

Stower's Research issues bonds dated Jan.1,2005 that pay interest semiannually on June 30and Dec.31. The bonds have a $20,000 par value, an annual contract rate of 10% and mature in 10 years. For each of the following, determine the bonds price on Jan. 1, 2005 and prepare the journal entry to record their issuance: 1) market rate at date of issuance of 8%,10%and 12%. Please help.

Answer this Question

First Name:
School Subject:
Answer:

Related Questions

Accounting - On January 1, 2008, Boston Enterprises issues bonds that have a 3,...
Accounting - Simon issues four-year bonds with a $50,000 par value on June 1, ...
Accounting - Target Company issues bonds with a par value of $900,000 on their ...
accounting - On December 31, 2013, a company issues bonds with a par value of $...
Accounting - Alliant Corporation sold $100,000,000 face value 8% bonds. The ...
accounting - On January 2, 2007, a company issued $100,000 of 5%, 10 year bonds...
accounting - On December 31, 2013, a company issues bonds with a par value of $...
math - If a company issues bonds with a face value of $1000, a coupon rate of 7...
Finance - CC company's bonds mature in 10 years and have a par value of $1000 ...
finance - Monrrow Company's bonds mature in 8 years, have a par value of $1,000...

Members