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Anon25 [30]
2 years ago
7

On January 1, 2018, West Company purchased $600,000 of 6%, 5-year bonds, as an available-for-sale security, with interest payabl

e on July 1 and January 1. The bonds sell for $623,625, which results in a premium of $23,625 and an effective interest of 4%.
Required:
a. Prepare the journal entry on January 1, 2018.

Business
1 answer:
Andrei [34K]2 years ago
4 0

Answer:

#See attached photos of both the Jan 1,2018 journal entry and the bond ammortization schedule.

Explanation:

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During 2019, Revitup, Inc., an exercise video retailer, purchased $10,000 of videos for which it paid $7,000 and owes $3,000. Of
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Answer:

8000$

Explanation:

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Which of the following statements concerning the procurement process are TRUE?a. Vendor billing is one of the steps.b. Only one
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Answer:

a. Vendor billing is one of the steps.

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Nookie1986 [14]

Answer:

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Step 2

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julia-pushkina [17]

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