Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. bloom inc issued bonds dated may 31 2020, on july

bloom inc issued bonds dated may 31 2020, on July 1, 2020 with a face...

50.1K

Verified Solution

Question

Accounting

bloom inc issued bonds dated may 31 2020, on July 1, 2020 with a face value amount of 3,000,000 and a coupon rate of 10% interest is payable on November 30 and may 31 the bonds were issued to yield 12% accrued interest and mature in twelve years bloom inc uses the effective rate methods the journal entry to record the bond issue on July 01, 2020 is

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

Basic Math
1.2K views

Write a polynomial that represents the volume of the open box X 7 4x OA...

Finance
1.2K views

You hear on the news that the? S&P 500 was down 2.1% today relative to the?...

Chemistry
1.2K views

Which of the following has been arranged in order of decreasing dipole moment? (a) CH3Cl>CH3F>CH3Br>CH3I (b) CH3F>CH3Cl>CH3Br>CH3I (c) CH3Cl>CH3Br>CH3I>CH3F (d)CH3F>CH3Cl>CH3I>CH3Br

Biology
1.2K views

he island the rats landed on is tropical in nature The island receives over 2000...

Geometry
1.2K views

23 Part A 0 A function g z is obtained by shifting the graph of...

Basic Math
1.2K views

Which of the following is a fundamental quality of useful accounting information a Faithful representation...

Accounting
1.2K views

The Comodores ltd wants to determine its liquidity position in 6 years from closure of...

Accounting
1.2K views

On December 1, Addy Corporation has total assets of $643,000. During the month of December,...

Accounting
1.2K views

ignment 0 Saved A company reports the following beginning Inventory and two purchases for the...

Finance
1.2K views

Which one of the following terms applies to a junk bond that was originally issued...

Accounting
1.2K views

At the end of last month, Paarl Manufacturing had $45,959 in the bank. It owed...

Accounting
1.2K views

Bataren ahes: Bataren ahes