 |
|
| Browse | Ask | Answer | Search | Join/Login |
|
|
||||
|
Journalizing bond transactions?
(a) Journalize the transactions.
Jan. 1 Purchased 50 8%, $1,000 Choate Co. Bonds for $50,000 cash plus brokerage fees of $900. Interest is payable semiannually on July 1 and January 1. July 1 Received semiannual interest on Choate Co. Bonds. July 1 Sold 30 Choate Co. Bonds for $34,000 less $500 brokerage fees. |
||||
Check out some similar questions!
Could someone please help. I cannot figure out exactly how to journalize these transactions. Completed a large delivery job, billed the customer $2000, and received a promise to collect the $2000 in one week, Collected $500 in advance for delivery service to be performed later. Paid office...
How would you journalize purchasing a used truck for 10,000, paying 3000 cash and the balance on account
Issued a 9000 note to purchase inventory. The 3 month note payable bears interest of 8% and is due 12/1 Record accrued interest for the note Issued a 18000, 9%, 4 month note to finance the purchase of a new clibing wall for advanced climbers. The note is due 2/1 Recorded accrued interest...
I want to have a clear definition of journalizing. The importance of journalizing and how accounting entries are journalized
View more questions Search
| Question Tools | Search this Question |
Add your answer here.
|
