Accounting Questions... PLEASE HELP!!?

Question

The total interest cost on forty-eight ten-year, 6%, $1,000 bonds that are issued at 98 is........

A corporation issues bonds that pay interest each Feb 1 and Aug 1. The coprorations Dec 31 adjusting entry might include which of the following:

- debit to unamortized bond premium

- debit to cash

- debit to bond interest payable

- credit to bond interest income

Using the accounts receivable aging method, estiamted uncollectible accounts are $50,000. If the balance of the Allowance for Uncollectible Accounts is an $18,000 debit before adjustment, what is the balance after adjustment?

Office furniture was purcahsed for 14,000. It had an estimated residual value of 2,000 and has a current carrying value of 6,000. Can you determine the depreciable cost with these given facts and if so what is it??

Answer 1

The total interest cost on forty-eight ten-year, 6%, $1,000 bonds that are issued at 98 is $29,760.

A corporation issues bonds that pay interest each Feb 1 and Aug 1. The coprorations Dec 31 adjusting entry might include which of the following:

- debit to unamortized bond premium

Using the accounts receivable aging method, estiamted uncollectible accounts are $50,000. If the balance of the Allowance for Uncollectible Accounts is an $18,000 debit before adjustment, what is the balance after adjustment?

Well, if your estimated uncollectible accts are $50k, your bal. after adj. would have to be $50k, and your adjusting entry is for $68k

Office furniture was purcahsed for 14,000. It had an estimated residual value of 2,000 and has a current carrying value of 6,000. Can you determine the depreciable cost with these given facts and if so what is it??

Going by the book, depreciable cost is $12,000, but the current value is the lower of the 2, so the depreciable cost is $6k