Transanomics Corp recently issued at par value 5-year bonds with a par value of $500,000, dated January 1, 2015 and bearing an interest at an annual rate of 10% payable quarterly on March 31, June 30, September 30 and December 31st. The initial journal entry made by Transanomics Corp. was:
Answers (1)
Know the Answer?
Not Sure About the Answer?
Find an answer to your question ✅ “Transanomics Corp recently issued at par value 5-year bonds with a par value of $500,000, dated January 1, 2015 and bearing an interest at ...” in 📘 Business if you're in doubt about the correctness of the answers or there's no answer, then try to use the smart search and find answers to the similar questions.
Search for Other Answers
You Might be Interested in
Which of the following statements are in accurate?1. There is substantial agreement about how and when markets fail. 2. There is substantial agreement about whether government improves market outcomes. 3.
Answers (1)
Who among the following is associated with contributions to quality control in operations management? A. Henry Ford B. W. Edwards Deming C. Henri Fayol D. Frank Gilbreth E. Charles Babbage
Answers (1)
Which of the following statements best explains why the red bar goes up when the blue goes up? Equivalent spending and taxing does not allow for debt reduction. Higher spending than taxing results in a deficit, which contributes to more debt.
Answers (1)
Permanent differences include items that appear in the Federal income tax return as income or deduction and in the GAAP financial statements as revenue or expense but in different reporting periods. True or False
Answers (2)
g Assume that a 15-year, $1,000 face value bond pays interest of $37.50 every 3 months. If you require a simple annual rate of return of 12 percent, with quarterly compounding, how much should you be willing to pay for this bond
Answers (1)
New Questions in Business
On November 1, 2018, Aviation Training Corp. borrows $49,000 cash from Community Savings and Loan. Aviation Training signs a three-month, 6% note payable. Interest is payable at maturity. Aviation's year-end is December 31. Required: 1., 2. & 3.
Answers (1)
A stock's price is simply the current market price, and it is easily observed for publicly traded companies.
Answers (1)
Why is important to have a personal financial so important
Answers (1)
Cruz Company uses LIFO for inventory costing and reports the following financial data. It also recomputed the inventory and cost of goods sold using FIFO for comparison purposes.
Answers (1)
Another benefit of planning ahead for the specific degree you want is A - the opportunity for college scholarships B - less free time to devote to other activities C - frequent searches online to find sources D - additional cost to the parents for
Answers (2)