Carow Corporation purchased, as a held-to-maturity investment, $79,000 of the 10

Question

Carow Corporation purchased, as a held-to-maturity investment, $79,000 of the 10%, 6-year bonds of Harrison, Inc. for $86,414, which provides a 8% return. The bonds pay interest semiannually.

Prepare Carow

Carow Corporation purchased, as a held-to-maturity investment, $79,000 of the 10%, 6-year bonds of Harrison, Inc. for $86,414, which provides a 8% return. The bonds pay interest semiannually. Prepare Carow's journal entries for (a) the purchase of the investment, and (b) the receipt of semiannual interest and premium amortization. Assume effective-interest amortization is used. (Round answers to 0 decimal places, e.g. 2,500. Credit account titles are automatically indented when amount is entered. Do not indent manually.)

Explanation / Answer

can do it. working as an online accounting tutor from last 4yrs. pls send me ur assignment on ehomeworksoluiton@g m a i l.c om

Related Questions

Navigate

• Browse (All)
• Browse C
• Subjects

---