sitemap

During 2016 and 2017, Agatha Corp. completed the following transactions During 2016 and 2017, Agatha Corp. completed the following transactions relating to its bond issue. The corporation’s fiscal year is the calendar year. 2016 Jan.…

On January 1, 2016, Brown Co. borrowed cash from First On January 1, 2016, Brown Co. borrowed cash from First Bank by issuing a $100,000 face value, four-year term note that had an 8 percent…

Dame Co. issued $250,000 of 10-year, 6 percent, and callable Dame Co. issued $250,000 of 10-year, 6 percent, and callable bonds on January 1, 2016, with interest payable annually on December 31. The bonds were…

On January 1, 2016, Bell Corp. issued $180,000 of 10-year, On January 1, 2016, Bell Corp. issued $180,000 of 10-year, 6 percent bonds at their face amount. Interest is payable on December 31 of each…

Singer Company has a line of credit with United Bank. Singer Company has a line of credit with United Bank. Singer can borrow up to $400,000 at any time over the course of the 2016…

On January 1, 2016, Sayers Company issued $280,000 of five-year, On January 1, 2016, Sayers Company issued $280,000 of five-year, 6 percent bonds at 102. Interest is payable semiannually on June 30 and December 31.…

On January 1, 2016, the Diamond Association issued bonds with On January 1, 2016, the Diamond Association issued bonds with a face value of $300,000, a stated rate of interest of 6 percent, and a…

Electronics Service Co. pays salaries monthly on the last day Electronics Service Co. pays salaries monthly on the last day of the month. The following information is available from Electronics for the month ended December…

The following information pertains to Bob’s Pest Services and Sarah’s The following information pertains to Bob’s Pest Services and Sarah’s Critter Control at the end of 2016: Required a. Compute each company’s debt to assets…

Bricca Co. issued a $60,000 face value discount note to Bricca Co. issued a $60,000 face value discount note to First Bank on June 1, 2016. The note had a 6 percent discount rate and…