ABC Company buys a bond as an available for sale security. The bond has a face
admin / July 3, 2018
This is a sample assignment, you can order yours by pressing the "order now" button
ABC Company buys a bond as an available for sale security. The bond has a face value of $100000 and matures in 10 years. The coupon is 6% and interest is paid
semiannually on July 1 and December 31. The market rate of interest is 4%. The bond was purchased on January 1 Year 1 for $116351.43. The carrying value of
the bond after amortization on Dec 31 Year 1 was $114992.03. The FMV of the bond was $113 925.00 on Dec 31 Year 1.
Record the entry for receipt of interest on July 1 Year 1. Show computations.
Make the appropriate adjusting journal entry for Dec 31 Year 1.
The carrying value of the bond after amortization on Dec 31 Year 2 was $113465. 49. The FMV of the bond on Dec 31 Year 2 was $$113 524.
Make the appropriate adjusting journal entry for Dec 31 Year 2.
Being in the business for a long time meeting the requirements of students from all over the world has helped us become the best essay writing services provider. Unlike other cheap custom essays services, we never compromise the quality of the service though we provide affordable and cheap custom essays without missing the deadlines provided by the students.
One of the most commented factors of our term paper writing services is our ability to provide best dissertation writing services that match the academic requirements and status of the student. This has helped us provide most realistic writing services to our UK , USA, Canada, Asia, Europe, and Africa students making them very likely to get highest grades in their tests and examinations. Certainly we can say that it our conscious efforts to provide our students with research paper writing services that are well beyond the mediocre services that many so called essay writing services offer to them. We have always believed in helping students achieve their dreams and we have ever since toiled hard to make sure that each of our client is able to achieve their career goals with the support of our essays and theses.