Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. kc corporation issued bonds with a total par value

KC Corporation issued bonds with a total par value of $100,000 on 1/1/20x1. The following...

50.1K

Verified Solution

Question

Accounting

KC Corporation issued bonds with a total par value of $100,000 on 1/1/20x1. The following loan amortization schedule was developed for these bonds:.

Year Beginning Carrying Value Interest Cash Amortization
20x1 96,613 6,763 6,000 763
20x2 97,376 6,816 6,000 816
20x3 98,192 6,873 6,000 873
20x4 99,065 6,935 6,000 935
Column Totals 27,387 24,000

3,387

Based upon the above information, Make the journal entry required for January 1, 20x1

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Zin AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Q

Compute the derivative of each function a.) f(x)= x5/2 - 3x2/3 b.) f(x) = 3x- log7x+7 c.) f(x)=...

Basic Math
Q

7. which of these is reflective of the hierarchical organization of life form most to least...

Biology
Q

Short Discussion – 1 paragraph What makes DNA and RNA good templates? What makes proteins poor templates?

Biology
Q

Indicate whether the following statements apply to exotoxins or endotoxins 1. the effect is tissue specific...

Biology
Q

Most of the processes required for maturation of eukaryotic mRNAs occur cotranscriptionally. Which of the...

Biology
Q

The functions of mitochondria include all but1. Regulation of cell death by apoptosis2. Regulation of...

Biology
Q

A tire is rotating 360 times per min. Through how many degrees does a point...

Basic Math
Q

Read aloud T a Determine the end behavior b Find the zeros Directions Complete each...

Calculus
Q

Consider the ollowing table showing the results of a survey of TV network executives Opinion...

Calculus
Q

Which of the following is equivalent to the expression below 3x 1 4x 2 x...

Algebra
Q

Suppose 12 is raised to the second power like this 122 Which answers show the...

Algebra
Q

Given breakeven sales in units of 34,000 and a unit contribution margin of $ 9,...

Accounting