ACC 291 Week 3 Assignment P10-3A On May 1, 2011, Newby Corp. issued $600,000, 9%, 5-year bonds at face value. The bonds were dated May 1, 2011, and pay interest semiannually on May 1 and November 1. Financial statements are prepared annually on December 31. Instructions a) Prepare the journal entry to record the issuance of the bonds b) Prepare the adjusting entry to record the accrual of interest on December 31, 2011 c) Show the balance sheet presentation on December 31, 2011. d) Prepare the journal entry to record payment of interest of May 1, 2012, assuming no accrual of interest from January 1, 2012 to May 1, 2012. e) Prepare the journal entry to record payment of interest on November 1, 2012 f) Assume that on November 1, 2012, Newby calls the bonds at 102. record the redemption of the bonds.
Need Help Writing an Essay?
Tell us about your assignment and we will find the best writer for your project
Write My Essay For MeThe post P10-3A On May 1, 2011, Newby Corp. issued appeared first on Assignment Freelancers.
The post P10-3A On May 1, 2011, Newby Corp. issued appeared first on The Essay.
Would you like to make your academic life easier? We offers you a perfect chance to buy essays online and let our writers take care of your academic achievements! Each paper is composed from scratch, according to your instructions. It is then checked for originality using advanced plagiarism-detection software.In this case, there is no room where plagiarism could squeeze in.
Boost Your Grades with Best Online Assignment Writers! Just share your requirements and get answers before deadline. NO PLAGIARISM GUARANTEE!
