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    sweet283's Avatar
    sweet283 Posts: 1, Reputation: 1
    New Member
     
    #1

    Oct 31, 2010, 09:23 PM
    Can someone please help me with this homework problem? All A's Company (a calendar y
    Can someone please help me with this homework problem?

    All A's Company (a calendar year company) purchased a debenture of High Rate, Inc. on 4/1/CY (CY = current year).
    Relevant data to these bonds were as follows:

    Face $100,000
    Interest Payments Semi-annual
    Coupon 6%
    Anniversary 1-Jan-10
    Term 4 years
    Purchased 1-Apr-10
    Quoted Price @<hidden>
    purchase 97.23
    Sold 15-nov-10
    Quoted Price @<hidden>
    disposal 97.50
    Broker commission 1%
    Purpose: Accumulate funds for construction of new distribution facility

    Requirement: Prepare all (properly formatted) journal entries necessary to correctly account for All A's investment in High Rate's debentures.
    Curlyben's Avatar
    Curlyben Posts: 18,514, Reputation: 1860
    BossMan
     
    #2

    Nov 1, 2010, 02:22 PM
    Thank you for taking the time to copy your homework to AMHD.
    Please refer to this announcement: https://www.askmehelpdesk.com/financ...-b-u-font.html

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