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Genrish500 [490]
2 years ago
15

Prepare the journal entry to issue $100,000 bonds which sold for $94,000.(b)prepare the journal entry to issue $100,000 bonds wh

ich sold for $104,000.
Business
1 answer:
elena-s [515]2 years ago
6 0

The journal entry to issue $100,000 bonds which sold for $94,000.

Cash (Dr)                                                             94,000

Discount on bonds payable (Dr)                        6,000

           Bonds payable(Cr)                                                                1,00,000

The journal entry to issue $100,000 bonds which sold for $104,000.

Cash (Dr)                                                              1,04,000

         Premium on bonds payable (Cr)                                            4,000

         Bonds Payable (Cr)                                                                   1,00,000

<h3>What is bond?</h3>

In a bond, the issuer owes the bearer a debt and is required to return the principle and interest over a specified time period until the bond matures. Bonds are a form of financial asset. Usually, interest must be paid on a regular basis.

<h3>What is issue of bonds?</h3>

One way for businesses to raise capital is through issuing bonds. An investor and a company borrow money from one another through bonds. The investor consents to provide the company with a particular sum of money over a specific time period. Periodic interest payments are given to the investor in return.

Learn more about Bonds: brainly.com/question/17405470

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Agent joh rogers is planning a formal marketing/sales event and has decided to place an adbertisment in the locla paper. what di
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If Agent John Rogers has decided to run an ad in the neighborhood paper in advertisement with a formal marketing/sales event. Then he must specify that attendees without enrollment obligations may contact 555-555-1234 TTY to request accommodations for those with special needs at sales sessions.

The strategies and actions utilized in advertising are those that aim to draw attention to certain goods, services, viewpoints, or causes with the intention of influencing the public to act in a particular way. The majority of advertising promotes a product that is available for purchase, but comparable techniques are also employed to persuade people, among many other things, to drive defensively, donate to charity, or cast ballots for particular candidates.

The most significant source of revenue for the media outlets through which it is carried out is often advertising (such as newspapers, magazines, or television stations). Advertising has grown to be a significant and significant service industry in the noncommunist world.

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7 0
2 years ago
Management moving production or other parts of the company's value chain to countries where wages are lower is an example of ___
noname [10]

Management moving production or other parts of the company's value chain to countries where wages are lower is an example of cost drivers.

<h3>What are cost drivers in business?</h3>

The cost drivers can be defined to be the direct cause of the expenses that may occur in a business. These are the activities that may cause a cost to happen in the business. For instance this could be the amount of water that is used monthly in a given area.

Hence we can say that management moving production or other parts of the company's value chain to countries where wages are lower is an example of cost drivers.

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5 0
1 year ago
Tax laws permit installment sales, which are recognized in the year of sale for financial reporting purposes, to be reported in
Lera25 [3.4K]

Answer:

lower; higher.

Explanation:

Taxation can be defined as the involuntary or compulsory fees levied on individuals or business entities by the government to generate revenues used for funding public institutions and activities.

The different types of tax include the following;

1. Income tax: a tax on the money made by workers in the state. This type of tax is paid by employees with respect to the amount of money they receive as their wages or salary.

2. Property tax: a tax based on the value of a person's home or business. It is mainly taxed on physical assets or properties such as land, building, cars, business, etc.

3. Sales tax: a tax that is a percent of the price of goods sold in retail stores. It is being paid by the consumers (buyers) of finished goods and services and then, transfered to the appropriate authorities by the seller.

Generally, installment sales are permitted or allowed by the tax laws in a country. Typically, they are recognized in the year of sale for the purpose of financial reporting. Also, installment sales for any goods or services are to be reported in the tax return, at a later time when cash is received from the customer (buyer).

This results in a deferred tax liability because taxable income is lower than financial income in the year of sale, and higher than financial income in later years when collected.

7 0
3 years ago
Why should we hire you? Is this a behavioral, situational,&amp;/or job knowledge/worker requirement interview question
Ivenika [448]

Answer:

It's a behavioral and situational question.

Explanation:

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3 years ago
The 5 paragraph essay format allows for the detailed explanation of one supporting argument.
Setler79 [48]

Answer:

-True

Explanation:

The 5 paragraph essay helps detailing one supporting argument as it creates an structure as follows:

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3 years ago
Read 2 more answers
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