Ask Experts Questions for FREE Help !
Ask
    PenguinTree47's Avatar
    PenguinTree47 Posts: 2, Reputation: 1
    New Member
    		  
    #1

    Apr 17, 2010, 12:54 PM
    Bond - Practice Question
    Block Company issued a $20,000, 10-year Bond on 7/1/2008, when the Market Interest Rate was 6.5%. Assume that the accounting year of Block Company ends on December 31. Journalize the following transactiions.

    a. Issuance of the Bond on 7/1/2008
    b. Accrual of the Interest Expense on 12/31/2008
    c. Payment of Interest on 1/1/2009
    d. Payment of the Bond at Maturity
    morgaine300's Avatar
    morgaine300 Posts: 6,561, Reputation: 276
    Uber Member
    		  
    #2

    Apr 21, 2010, 03:33 AM

    Please look to the top of this forum for the link in red print that contain our guidelines for posting homework.
Not your question? Ask your question View similar questions
 

Question Tools Search this Question
Search this Question:

Advanced Search

Add your answer here.


Check out some similar questions!

When an accounting question gives a bond rate of 93% is the value .9325 [ 1 Answers ]

the question asks: Randell Company issues 7%, 10-year bonds with a par value of $150,000 and semiannual interest payments. On the issue date, the annual market rate for these bonds is 8%, which implies a selling price of 93¼. The straight-line method is used to allocate interest expense. I am...

Amide bond (peptide bond) [ 3 Answers ]

hello ever1 I don't know much about chemistry, so hlp me with this is amide bond (peptide bond), balanced chemical equation?

Good practice [ 1 Answers ]

Is there a good practice for recruitment and selection

Will I be able to practice? [ 8 Answers ]

I'm just finishing my first year of law school, and am kind of embarrassed to ask this. I entered a debt settlement company, and they were lousy. I now have three accounts left, and with interest they are now in upwards of $30,000. I'm leaving the company, but the three account left are with...

View more questions Search