The writer is very fast, professional and responded to the review request fast also. Thank you.
On January 1, 2010, Osborn Company sold 12% bonds having a maturity value of $842,000 for $905,836.06, which provides the bondholders with a 10% yield. The bonds are dated January 1, 2010, and mature January 1, 2015, with interest payable December 31 of each year. Osborn Company allocates interest and unamortized discount or premium on the effective interest basis. (List multiple debit/credit entries from largest to smallest amount, e.g. 10, 5, 2.)(a) Prepare the journal entry at the date of the bond issuance. b) Prepare a schedule of interest expense and bond amortization for 2010-2012(c) Prepare the journal entry to record the interest payment and the amortization for 2010. (d) Prepare the journal entry to record the interest payment and the amortization for 2012.
On January 1, 2010, Osborn Company sold 12% bonds having a maturity value of $842,000 for $905,836.06, which provides the bondholders with a 10% yield. The bonds are dated January 1, 2010, and…
Show more
Delivering a high-quality product at a reasonable price is not enough anymore.
That’s why we have developed 5 beneficial guarantees that will make your experience with our service enjoyable, easy, and safe.
You have to be 100% sure of the quality of your product to give a money-back guarantee. This describes us perfectly. Make sure that this guarantee is totally transparent.
Read moreEach paper is composed from scratch, according to your instructions. It is then checked by our plagiarism-detection software. There is no gap where plagiarism could squeeze in.
Read moreThanks to our free revisions, there is no way for you to be unsatisfied. We will work on your paper until you are completely happy with the result.
Read moreYour email is safe, as we store it according to international data protection rules. Your bank details are secure, as we use only reliable payment systems.
Read moreBy sending us your money, you buy the service we provide. Check out our terms and conditions if you prefer business talks to be laid out in official language.
Read more