On December 31, 2019, Spearmint, Inc., issued $450,000 of 9 percent, 3-year bonds for cash of $461,795. After recording the related entry, Bonds Payable had a balance of $450,000 and Premium on Bonds Payable had a balance of $11,795. Spearmint uses the straight-line bond amortization method. The first semiannual interest payment was made on June 30, 2020. Prepare journal entry for June 30, 2020.
Answers (1)
Know the Answer?
Not Sure About the Answer?
Find an answer to your question ✅ “On December 31, 2019, Spearmint, Inc., issued $450,000 of 9 percent, 3-year bonds for cash of $461,795. After recording the related entry, ...” 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
In an effort to measure the state of its economy, a country decides to use its gross domestic product.
Answers (1)
Mondo Snow Removal's cost formula for its vehicle operating cost is $1,300 per month plus $621 per snow-day. For the month of January, the company planned for activity of 20 snow-days, but the actual level of activity was 23 snow-days.
Answers (1)
We cannot provide any information about your refund. be sure to: verify your filing date; check with your tax preparer if you filed a complete and accurate tax return, your refund should be issued within six weeks of the received date.
Answers (1)
Concord Co. returned defective goods costing $5700 to Ivanhoe Company on April 19, for credit. The goods were purchased April 10, on credit, terms 2/10, n/30. The entry by Concord Co. on April 19, in receiving full credit is:
Answers (1)
Alicia heard that as a general rule, she should spend no more than one week's pay on rent. If Alicia's pay is $35,256 per year, what is the maximum amount per month that she should spend on rent?
Answers (2)
New Questions in Business
Kendra likes to bargain at garage sales. Even if she thinks an item has a fair price, she will try to get it cheaper. Kendra would be good at which social career skill?
Answers (1)
The 2016 financial statements of BNSF Railway Company report total revenues of $19,829 million, accounts receivable of $1,272 million for 2016 and $1,198 million for 2015. The company's accounts receivable turnover for the year is: Select one: A. 17.
Answers (1)
Sam has contracted with dave to purchase dave's racing bike, with payment and delivery of the bicycle to be in 10 days. three days later sam hears that dave is going to sell the bike to gene in three days at a higher price.
Answers (1)
Jose is a recent college graduate who has been hired for an entry-level professional position in the accounting department of a large corporation. Which of the following terms best describes Jose's capacity as an accountant? A. public accountant B.
Answers (1)
Differential analysis may be used for the common decisions of leasing or selling equipment and manufacturing or purchasing a needed part. a. This statement is false. b. This statement is true only for service companies. c.
Answers (1)