Acc 545 Empower Learning/ Indigohelp Essay

956 Words Jan 26th, 2016 4 Pages
ACC 545 Entire Course
¬For more classes visits www.indigohelp.com ACC 545 Week 1 Individual Assignment CPA Report
ACC 545 Week 2 Learning Team Assignment Los Lobos Ledger Preparation
ACC 545 Week 3 Individual Assignment Jamona Corp. Scenario
ACC 545 Week 4 Individual Assignment Restructuring Debt
ACC 545 Week 5 Individual Assignment Lee Corporation Equity Scenario
ACC 545 Week 6 Learning Team Assignment Consolidated Financial Statements
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ACC 545 Week 1 Individual Assignment CPA Report
¬For more classes visits www.indigohelp.com As the CPA for a large
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Scenario
¬For more classes visits www.indigohelp.com • Review the following information:
1. On January 1, 2006, Jamona Corp. purchased 12% bonds, having a maturity value of $300,000, for $322,744.44. The bonds provide the bondholders with a 10% yield. They are dated January 1, 2006, and mature January 1, 2011, with interest receivable December 31 of each year. The company uses the effective-interest method to allocate unamortized discount or premium. The bonds are classified as available-for-sale. The fair value of the bonds at December 31 of each year is as follows:
• 2006 – $320,500
• 2007 – $309,000
• 2008 – $308,000
• 2009 – $310,000
• 2010 – $300,000
1. The following information is available from Jamona’s inventory records Units Unit Cost
January 1, 2007 (beginning inventory) 600 $ 8.00
Purchases:
January 5, 2007 1,200 9.00
January 25, 2007 1,300 10.00
February 16, 2007 800 11.00
March 26,

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