Homework Help: accounting

Posted by maret on Tuesday, August 31, 2010 at 7:58pm.

On January 1, 2004, $100,000,000 in 7.5%, 10-year callable bonds were issued at 96.64% to yield an effective rate of 8.0%. Callable at 103; interest paid annually on January1.

If the bonds are called on April 1, 2006, what are the needed payments and entries to extinguish the bonds? Assume that no entries have been made since the January 1, 2006 interest payment.

accounting - SraJMcGin, Wednesday, September 1, 2010 at 2:15am
Here are some accounting tutorials:

http://search.yahoo.com/search?fr=mcafee&p=accounting+tutorials

Sra
accounting - Nikkisha, Tuesday, September 21, 2010 at 3:01pm
Miles Metals recently reported $9,000 of sales, $6,000 of operating costs other than depreciation, and $1,500 of depreciation. The company had no amortization charges, it had $4,000 of bonds that carry a 7% interest rate, and its federal-plus-state income tax rate was 40%. What was the firm's net income after taxes?

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