Practice questions Bonds!
Brandy Inc. issues [sells] $1,000,000 of 10% [payable semi-annually], two-year bonds on January 1, 2010.
The market rate of interest is 8%.
1) prepare the bond amortization table and all journal entries from
13 - 1
Objective - Identify the characteristics of
What is a corporation?
How does it differ from sole
proprietorships and partnerships?
13 - 2
Corporations are either public or private:
Is listed, whi
11 - 1
15 - 2
Note: A lot of the topics in the current liabilities section we
have discussed throughout the course in depth. I have left
the information in your powerpoints for reference/study
purposes, but we wil
Acct 1235 F2014 Ch 8
Bonds (purchasing) worksheet
Bryan Insurance purchases $10,000 of College Stations 6% bonds at a price of $9,327 on April 1, 2014
when the market rate of interest was 8%.
Interest payment dates are April 1 and October 1.
and the Time Value of
16 - 1
Chapter 2 dealt with how to account for the company selling
Chapter 9 deals with how to account for the company selling
Chapter 8 deals with how to account for a comp
Long-Term Investments &
the Time Value of Money
(10-15 min.) S 8-1
ACCOUNT TITLES AND EXPLANATION
Apr. 10 Available-for-Sale Investment (600 $17)
22 Cash (600 $