ACG 2021 ACG2021 Individual_Week 10 – Problem – Everest College
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ACG 2021 ACG2021 Individual_Week 10 – Problem – Everest College
Problem 10-8 A Financial Statement
Impact of a Bond Worthington Company issued $1,000,000 face value, six-year, 10% bonds on July 1, 2012,when the market rate of interest was 12%. Interest payments are due every July 1 and January 1. Worthington uses a calendar year-end.
Required
1.Prepare the journal entry to record the issuance of the bonds on July 1, 2012.
2.Prepare the adjusting journal entry on December 31, 2012, to accrue interest expense
Description
ACG 2021 ACG2021 Individual_Week 10 – Problem – Everest College
Problem 10-8 A Financial Statement
Impact of a Bond Worthington Company issued $1,000,000 face value, six-year, 10% bonds on July 1, 2012,when the market rate of interest was 12%. Interest payments are due every July 1 and January 1. Worthington uses a calendar year-end.
Required
1.Prepare the journal entry to record the issuance of the bonds on July 1, 2012.
2.Prepare the adjusting journal entry on December 31, 2012, to accrue interest expense
ACG 2021 ACG2021 Individual_Week 10 – Problem – Everest College
ACG 2021 Introduction to Corporate Accounting School: Everest University: Tampa (Everest College) *Professor:Obrain, havens, silberstein, angelikijav… Documents (121) Q&A Textbook Exercises Most important docs of the week 1 pagesWeek 9Week 9 Everest College Introduction to Corporate Accounting
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ACG 2021 – Summer 2014 Register Now P 2-7A Prev 1 2 3 4 5 Next Back to Department Related Courses ACG 2178 – Financial Statement Analysis (88 Documents)ACG 2551 – 2551 (58 Documents)ACG 3341 – Cost Accounting (47 Documents)ACG 4201 – consolidation accounting (46 Documents)
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