Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. on january 1, 2019. commercial equipment sales iss

On January 1, 2019. Commercial Equipment Sales issued $25,000 face value bonds and received 515,700....

60.1K

Verified Solution

Question

Accounting

image
image
On January 1, 2019. Commercial Equipment Sales issued $25,000 face value bonds and received 515,700. These are 6-year bonds with a stated interest rate of 1096, and pay semiannual interest on June 30 and December 31. Commercial Equipment Sales uses the straight line method to amortize the Bond Discount. What amount is debited to Interest Expense on June 30, 2019? QUESTION 10 Globly Services, Inc. invested $27,000 to acquire 4000 shares of Dawn Investments, Inc. on March 15, 2016. This investment represents less than 20% of the investee's voting stock. On May 7, 2019. Globly Services, Inc. sells 2500 shares for $14,250. What is the amount of Gain or Loss? Put a loss as a negative number with a negative sign (Not in parenthesis). QUESTION 10 Globly Services, Inc. invested $27,000 to acquire 4000 shares of Dawn Investments, Inc. on March 15, 2016. This investment represents less than 20% of the investee's voting stock. On May 7, 2019, Globly Services, Inc. sells 2500 shares for $14,250. What is the amount of Gain or loss? Put a loss as a negative number with a negative sign (Not in parenthesis)

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: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Q

Write a detailed essay on lisinopril.

Medical Sciences
Q

Commonwealth Construction (CC) needs $3 million of assets to get started, and it expects to have...

Finance
Q

s disease is a common progressive thinking or understanding The disease primarily affects people over...

Biology
Q

The human ear can register sounds frequencies between 20 Hz to 20,000 Hz. If you...

Biology
Q

Skin color can indicate certain disease states A reddened flushed face might indicate A liver...

Biology
Q

A cylinder with radius R spins about its horizontal axis with angular speed w There...

Physics
Q

Example 24 Monochromatic light is incident on a plane interface AB between two media of...

Physics
Q

Consider the function below. (If an answer does not exist, enter DNE.)f(x) = ex +...

Basic Math
Q

T

Calculus
Q

Composition of two functions Advanced x 2 For the real valued functions f x and...

Algebra
Q

25*. Calhoun Company has a direct material standard of 3 gallons of input at a...

Accounting
Q

this is the 3rd time post this question, please someone help me to get this...

Accounting