# summa manufacturing company issued 900 000 par value 5 five year bonds dated january 4374495

Summa Manufacturing Company issued \$ 900,000 par value, 5%, five- year bonds dated January 1, 2016. The bonds pay interest semiannually each June 30 and December 31. Summa issued the bonds on April 30, 2016, when the market rate of interest was 6%. Bond issue costs were \$ 59,000. a. Determine the bond issue price including accrued interest on April 30, 2016. b. Prepare an amortization table for the bond issue using the effective interest rate method. c. Prepare the journal entries required on the date of issue and on the first two interest dates in 2016: June 30 and December 31. d. The bonds are retired on June 30, 2018, for \$ 891,000. Prepare the journal entry at retirement. View Solution:
Summa Manufacturing Company issued 900 000 par value 5 five

## using budget data how many apple iphone 4 s would have to have been completed 239121

Using budget data, how many Apple iPhone 4’s would have to have been completed for Danshui Plant No. 2 to break even? 2. Using budget data, what was the total expected cost per unit if all manufacturing and shipping overhead (both variable and fixed) were allocated to...

## armstrong helmet company 239138

Armstrong Helmet Company manufactures a unique model of bicycle helmet Question Case project Learning Objectives: Prepare practical applications of course concepts Develop analytical and critical thinking Develop decision-making capabilities Enhance professional...