Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. 1.) leonard technologies invests $54,000 to acquir

1.) Leonard Technologies invests $54,000 to acquire $54,000 face value, 10%, fiveyear corporate bonds on...

80.2K

Verified Solution

Question

Accounting

1.) Leonard Technologies invests $54,000 to acquire $54,000 face value, 10%, fiveyear corporate bonds on December 31, 2014. The bonds will mature on December 31, 2019. The bonds pay interest semiannually on December 31 and June 30 every year until maturity. Assume Leonard Technologies uses a calendar year. Based on the information provided, which of the following will be included in the journal entry for the transaction on December 31, 2018?

2.) On July 7, University Bank lent $550,000 to Jazz Music Shop on a 60 day, 7% note. What is the maturity value of the note? (Use a 360day year and round answers to the nearest dollar.)

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

Biology
1.2K views

explain genomic fingerprinting

Civil Engineering
1.2K views

A trapezoidal channel has size slopes of 3:1 (H:V), a bottom width of 22 feet, a...

Physics
1.2K views

Please provide a 250 word explanation AND DESCRIPTION OF A REAL WORLD APPLICATION of one of...

Electrical Engineering
1.2K views

From the solar constant and the average distance between the sun and the earth, estimate (a)...

Advance Math
1.2K views

Let G, H be groups and define the relation ?= where G ?= H if there...

Biology
1.2K views

GGCG is a nonessential eukaryotic promoter sequence that binds cellular factors to increase the efficiency...

Biology
1.2K views

Which trait is NOT true for Euglena O they have an eye spot they can...

Basic Math
1.2K views

Billy said that the depreciation value S(in dollars) of his upgraded Rav4 after t years...

Algebra
1.2K views

Find a basis of the subspace of R defined by the equation - 8x1 -...

Algebra
1.2K views

A liquid that occupies a volume of 4.7 L has a mass of 5.1 kg....

Accounting
1.2K views

1. La Utilidad Neta Consolidada sera: a. Mayor si la matriz opta por utilizar...

Accounting
1.2K views

Quiz: Solid Footing Chapter 10 Name: ________________________________...