You can verify that this bond will sell at $985.26. If the 10,000 bonds are issued, total bond proceeds will be $9,852,591. You will need to pass the following journal entry to record the issue of this bond:Bank $9,852,591 Bond discount $147,409 Bond payable $10,000,000...
What is the journal entry for receiving an amount of Rs. 1,000 from Paresh, which was previously written off as bad debts? What is the journal entry of paid to Mohan (creditor) on account? What is a journal entry for Vijaya Traders to become insolvent?
Since there is no indication that the bonds were issued at either premium or discount, so the journal entry to record the bonds shall be: Cash/Bank$10 M Bonds payable$10 M The periodic interest payments equal the face value multiplied by the coupon rate applicable. In this scenario annual ...
Answer to: A single journal entry must debit only one account and credit only one account for the same amount so that the entry is in balance. a)...
Adjusting Entries: At the end of the year or the end of an accounting period, the journal of all the financial activity is tallied into a trial balance to make sure the books are balanced. However, business is a fluid activity and the transactions recorded may not reflect all the revenues...
摘要:Many financial assets, especially government bonds, are issued by an auction. An important feature of the design is the auction pricing mechanism: uniform versus discriminatory. Theoretical papers do not provide a definite answer regarding the dominance of one type of auction over the other. ...
Note that even when censorship of denunciations somehow happens at the level of Judy, it can become "common knowledge" very soon that certain transactions were fraudulent, at which point the notary disbarred while multiply-spent funds and his bonds are effectively frozen until an uncensored denuncia...
Legal Provisions—For Discount on Issue of Debentures: ADVERTISEMENTS: As per Sec. 78 of the Companies Act, Discount on Issue of Debenture may be adjusted or written-off against Securities Premium Account. In that case, the entry will be: ...
The cash account is credited for the amount paid to purchase the treasury stock. In addition, the applicableadditional paid-in capital (APIC)or the reverse (i.e. discount on capital) must be offset by a credit or debit. If the credit side is less than the debit side, APIC is credited...
In an upcoming entry, I will share a comprehensive Power Point presentation by writer Jack Mitch Culberson. Some of the images come from this blog, but most are from other sources. He accurately described the IAU vote of 2006 the way the media should have done.Culberson stated, “The IAU...