Question

Problem 1. n June 30, 2009, Arlington Company issued si of loayear, 8% bonds, dated June 30, for $1,540,000. Present entries to the following transactions: Arlington Company (2) Payment of first semiannual interest on December 31, 2009. G) Amortization by straight-line method of bond premium on December 31, 2009. 2. Prepare the journal entries for the following transactions for Batson Co. (a) Batson Co. purchased 1.200 shares of the total of 100,000 shares of Michael Corp. stock for $20.75 per share plus a S70 commission. (b) Michael’s total earnings for the period are S84.000.

 



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