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How do you record interest and payment on a bond issued at a premium?
Vengefulclown
The bond price exceeds the par price when issued at a premium and declines to the par value as it gets closer to maturity. Yes. If the bid spread is significant, and or if the financial situation of the contractor changes beyond the comfort level of the surety between the bid and award, or if the final bond is contingent..
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∙ 12y ago
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What is the journal entry to record interest expense and bond premium?
debit interest expensedebit bond premiumcredit cash
What is the journal entry to record payment of accrued interest?
[Debit] Interest expense xxxx [Credit] Interest payable xxxx [Debit] Interest payable xxxx [Credit] Cash / bank xxxx
What is bank receipt?
record of payment
Cash disbursement journal is used to record?
To record cash payment bill.
What is difference between a cash payment journal and a purchases journal?
a cash payment journal is used to record only cash payment transactions where as the purchases journal is used to record ONLY purchases on account transactions
What is the journal entry to record interest expense and bond premium?
debit interest expensedebit bond premiumcredit cash
What is the journal entry to record payment of accrued interest?
[Debit] Interest expense xxxx [Credit] Interest payable xxxx [Debit] Interest payable xxxx [Credit] Cash / bank xxxx
What is the advantage of having you name on deed but not resposible for mortgage?
if you acquired your interest be deed after the mortgage was granted:You are not responsible for the payment of the mortgage and default will not affect your credit record. However, if the mortgagor defaults on the mortgage the bank can take possession of the property by foreclosure and you will lose your interest as well.If you acquired your interest before the mortgage was granted but didn't sign the mortgage:You are not responsible for the payment of the mortgage and default will not affect your credit record. In the case of a default the bank can only foreclose on the half interest of the co-owner who signed the mortgage.
What does record of conviction issued mean?
A record of conviction means that a number of things depends on what had been issued earlier. It means that the record was dissolved and that it no longer exist.
What is bank receipt?
record of payment
Does an accident report reflect on your record?
YES and your insurance premium $$$$$$$$$$
Are duplicate receipts used as the source document to record payments received from debtors?
No, duplicate receipts are not typically used as the source document to record payments received from debtors. The original receipt is usually the source document that is kept for record-keeping purposes. Duplicate receipts may be issued to the payee as a confirmation of the payment received.
When does a speeding ticket go off your driving record conviction date or day received?
If you are talking about the premium increase, probably from the date it was issued, of course will be the next renewal after the time has run. Contact your agent they will be able to tell you the answer for sure.
Cash disbursement journal is used to record?
To record cash payment bill.
Is there payment for having a world record?
Yes
What is difference between a cash payment journal and a purchases journal?
a cash payment journal is used to record only cash payment transactions where as the purchases journal is used to record ONLY purchases on account transactions
What happens if you fail to record payment of an expense in accounting?
It would appear as if the payment is still due.
