Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. on january 1, 2021, twister enterprises, a manufac

On January 1, 2021, Twister Enterprises, a manufacturer of a variety of transportable spin rides,...

50.1K

Verified Solution

Question

Accounting

On January 1, 2021, Twister Enterprises, a manufacturer of a variety of transportable spin rides, issues $430,000 of 6% bonds, due in 20 years, with interest payable semiannually on June 30 and December 31 each year.

2. If the market interest rate is 7%, the bonds will issue at $384,087. Record the bond issue on January 1, 2021, and the first two semiannual interest payments on June 30, 2021, and December 31, 2021. (If no entry is required for a particular transaction/event, select "No Journal Entry Required" in the first account field. Round your answers to the nearest dollar amount.)

image

image

image

View transaction list Journal entry worksheet

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

1 42 A solid non conducting hemisphere of radius R has a uniformly distributed positive...

Physics
Q

HW Problem 16 Let S be the portion of the sphere 2 y z 16...

Basic Math
Q

A coach bought 3 jerseys and 2 pairs of shorts for each of the 14...

Basic Math
Q

If z y 8 and dy WI dr dt 5 when t 2 and y...

Calculus
Q

Fresh Powder, Inc., manufactures snowboards. Based on past experience, Fresh Powder has found that its...

Accounting
Q

The Riteway Ad Agency provides cars for its sales staff. In the past, the company...

Accounting
Q

At the beginning of June, Circuit Country has a balance in Inventory of $2,550. The...

Accounting
Q

sThe following information (in millions of dollars) is available for Limited Brands for a recent...

Accounting
Q

Create a unit ratio between the answer of 1C and 6C that helps you answer...

Accounting
Q

2.5 D Question 2 Explain how a wide or narrow span of control affects employee...

Accounting
Q

Each of you will choose a public company for the project that consists of the...

Accounting
Q

Calculate the missing amounts

Accounting