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Financial & Managerial Accounting

13th Edition
Carl Warren + 2 others
Publisher: Cengage Learning
ISBN: 9781285866307
BuyFind

Financial & Managerial Accounting

13th Edition
Carl Warren + 2 others
Publisher: Cengage Learning
ISBN: 9781285866307

Solutions

Chapter
Section
Chapter 12, Problem 12.8APE
Textbook Problem

Journalizing installment notes

On the first day of the fiscal year, a company issues $65,000, 6%, five-year installment notes that have annual payments of $15,431. The first note payment consists of $3,900 of interest and $11,531 of principal repayment.

  • a. Journalize the entry to record the issuance of the installment notes.
  • b. Journalize the first annual note payment.

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Chapter 12 Solutions

Financial & Managerial Accounting
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Ch. 12 - Alternative financing plans Owen Co. is...Ch. 12 - Alternative financing plans Browser Co. is...Ch. 12 - Issuing bonds at face amount On January 1, the...Ch. 12 - Issuing bonds at face amount On January 1, the...Ch. 12 - Issuing bonds at a discount On the first day of...Ch. 12 - Issuing bonds at a discount On the first day of...Ch. 12 - Discount amortization Using the bond from Practice...Ch. 12 - Discount amortization Using the bond from Practice...Ch. 12 - Issuing bonds at a premium On the first day of the...Ch. 12 - Issuing bonds at a premium On the first day of the...Ch. 12 - Premium amortization Using the bond from Practice...Ch. 12 - Premium amortization Using the bond from Practice...Ch. 12 - Redemption of bonds payable A 1,500,000 bond Issue...Ch. 12 - Redemption of bonds payable A 500,000 bond issue...Ch. 12 - Journalizing installment notes On the first day of...Ch. 12 - Journalizing installment notes On the first day of...Ch. 12 - Number of times interest charges are earned Berry...Ch. 12 - Number of times interest charges are earned...Ch. 12 - Effect of financing on earnings per share Domanico...Ch. 12 - Evaluate alternative financing plans Based on the...Ch. 12 - Corporate financing The financial statements for...Ch. 12 - Bond price United States Steels 7.375% bonds due...Ch. 12 - Entries for issuing bonds Gabriel Co. produces and...Ch. 12 - Entries for issuing bonds and amortizing discount...Ch. 12 - Entries for issuing bonds and amortizing premium...Ch. 12 - Entries for issuing and calling bonds; loss Adele...Ch. 12 - Entries for issuing and calling bonds; gain Emil...Ch. 12 - Entries for installment note transactions On the...Ch. 12 - Entries for installment note transactions On...Ch. 12 - Entries for installment note transactions On...Ch. 12 - Reporting bonds At the beginning of the current...Ch. 12 - Number of times interest charges are earned The...Ch. 12 - Number of times interest charges are earned...Ch. 12 - Number of times interest charges are earned...Ch. 12 - Present value of amounts due Tommy John is going...Ch. 12 - Present value of an annuity Determine the present...Ch. 12 - Present value of an annuity On January 1, 2016,...Ch. 12 - Present value of an annuity Assume the same data...Ch. 12 - Present value of bonds payable; discount Pinder...Ch. 12 - Present value of bonds payable; premium Moss Co....Ch. 12 - Amortize discount by interest method On the first...Ch. 12 - Amortize premium by interest method Shunda...Ch. 12 - Compute bond proceeds, amortizing premium by...Ch. 12 - Compute bond proceeds, amortizing discount by...Ch. 12 - Effect of financing on earnings per share Three...Ch. 12 - Bond discount, entries for bonds payable...Ch. 12 - Bond premium, entries for bonds payable...Ch. 12 - Entries for bonds payable and installment note...Ch. 12 - Bond discount entries for bonds payable...Ch. 12 - Bond premium, entries for bonds payable...Ch. 12 - Effect of financing on earnings per share Three...Ch. 12 - Bond discount entries for bonds payable...Ch. 12 - Bond premium, entries for bonds payable...Ch. 12 - Entries for bonds payable and installment note...Ch. 12 - Bond discount, entries for bonds payable...Ch. 12 - Bond premium, entries for bonds payable...Ch. 12 - General Electric bond issuance General Electric...Ch. 12 - Ethics and professional conduct in business Solar...Ch. 12 - Present values Alex Kelton recently won the...Ch. 12 - Preferred stock vs. bonds Xentec Inc. has decided...Ch. 12 - Financing business expansion You hold a 25% common...Ch. 12 - Number of times interest charges are earned The...

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