7, please answer part d thanks On September 1, Bridgeport Ltd. purchased $76,200 of five-year, 8% bonds for $67,584, resulting in an effective (yield) rate of 11%.The bonds pay interest each March 1 and September 1. Bridgeport applies ASPE, accounts for the investment under the amortizedcost approach using the effective interest accounting policy, and has a December 31 year end. The following March 1, after receivingthe semi-annual interest on the bonds, Bridgeport sells the bonds for $70,234.(a)Prepare Bridgeport's journal entry for the purchase of the investment. (Credit account titles are automatically indented when theamount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter O for the amounts. Listdebit entry before credit entry.)Your answer is correct.Sep. 1(b)Date Account Titles and ExplanationBond Investment at Amortized CosteTextbook and MediaCashList of AccountsYour answer is correct.DateDec. 31Account Titles and ExplanationInterest ReceivablePrepare Bridgeport's journal entry for any adjusting entry needed at December 31. (Credit account titles are automatically indentedwhen the amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter O for theamounts. List all debit entries before credit entries. Round answers to O decimal places, e.g. 5,275.)Bond Investment at Amortized CostDebitInterest Income67584Debit2032Credit44667584Attempts: 1 of 3 usedCredit2478 Prepare Bridgeport's journal entry for the receipt of interest on March 1. (Credit account titles are automatically indented when theamount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter O for the amounts. Listall debit entries before credit entries. Round answers to O decimal places, e.g. 5,275.)(d)Date Account Titles and ExplanationMar. 1CashBond Investment at Amortized CostDateInterest ReceivableeTextbook and MediaMar. 1Interest IncomeList of AccountsYour answer is partially correct.Account Titles and ExplanationCashDebitBond Investment at Amortized Cost3048Prepare Bridgeport's journal entry for the sale of the bond investment on March 1. (Credit account titles are automatically indentedwhen the amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter O for theamounts. List all debit entries before credit entries. Round answers to O decimal places, e.g. 5,275.)Debit223Credit7023420321239Attempts: 1 of 3 usedCredit

Although, only part d is asked but here part a,b and c is also answered to give a complete answer…

On September 1, Bridgeport Ltd. purchased $76,200 of five-year, 8% bonds for $67,584, resulting in an effective (yield) rate of 11%. The bonds pay interest each March 1 and September 1. Bridgeport applies ASPE, accounts for the investment under the amortized cost approach using the effective interest accounting policy, and has a December 31 year end. The following March 1, after receiving the semi-annual interest on the bonds, Bridgeport sells the bonds for $70,234.

On September 1, Bridgeport Ltd. purchased $76,200 of five-year, 8% bonds for $67,584, resulting in an effective (yield) rate of 11%. The bonds pay interest each March 1 and September 1. Bridgeport applies ASPE, accounts for the investment under the amortized cost approach using the effective interest accounting policy, and has a December 31 year end. The following March 1, after receiving the semi-annual interest on the bonds, Bridgeport sells the bonds for $70,234.

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

See similar textbooks

Similar questions

WHat ia 2 plus 2
i provided answers af a b c i need e and d
88 MULTIPLE CHOICE Question 6 Listen If f(x)= and g(x) = x²-16, then what is the value of f(g(4))? A 0 B 4 C undefined
please help me
Can you answer part 4
Problem 9-25 Fudge factors An oil company executive is considering investing $10.1 million in one or both of two wells: well 1 is expected to produce oil worth $3.01 million a year for 10 years; well 2 is expected to produce $2.01 million for 15 years. These are real (inflation-adjusted) cash flows. The beta for producing wells is 0.91. The market risk premium is 9%, the nominal risk-free interest rate is 7%, and expected inflation is 3%. The two wells are intended to develop a previously discovered oil field. Unfortunately there is still a 21% chance of a dry hole in each case. A dry hole means zero cash flows and a complete loss of the $10.1 million investment. Ignore taxes and make further assumptions as necessary. a. What is the correct real discount rate for cash flows from developed wells? (Do not round intermediate calculations. Enter your answer as a percent rounded to 2 decimal places.) Real discount rate b. The oil company executive proposes to add 20 percentage points to the…
Please provide answer to questions a to c
Question No 01 What is a difference between “Musharaka and Mudaraba”? What are the common basic rules between them to be followed? What are the uncommon rules between them?
Answer Question 4
What about requirement 4+5
I need help with questions 1 and 2
please explain the answer B ?