× Didn't find what you were looking for? Ask a question
Top Posters
Since Sunday
w
5
a
3
j
2
a
2
t
2
u
2
r
2
j
2
j
2
l
2
d
2
y
2
New Topic  
Aweig Aweig
wrote...
Posts: 91
Rep: 0 0
6 years ago
Prepare Journal entry to record the interest payment on the first interest date of 31 December
20X4. Also record the related equity transfer.
Textbook 
Intermediate Accounting, Volume 2

Intermediate Accounting, Volume 2


Edition: 5th
Authors:
Read 36 times
2 Replies

Related Topics

Replies
wrote...
6 years ago
Interest expense (5,368,064 x 8%) 429,445
Interest liability on subordinated debentures 429,445
Interest liability on subordinated debentures 800,000
Cash ($10,000,000 x 8%) 800,000
Retained earnings ($4,631,936 x 8%) 370,555
Share equity  subordinated debentures 370,555
Aweig Author
wrote...
6 years ago
Exactly what I needed for my project, TYSM
New Topic      
Explore
Post your homework questions and get free online help from our incredible volunteers
  1681 People Browsing
 193 Signed Up Today
Related Images
  
 524
  
 50
  
 45