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alina1380 [7]
2 years ago
10

when the market rate is 8%, a company issues $50,000 of 9%, 10-year bonds and pay interest semiannually for a selling price of $

60,000. when the bonds mature, the issuer records its payment of principal with a (debit/credit) to bonds payable in the amount of $
Business
1 answer:
Tresset [83]2 years ago
6 0

When the bonds mature, the issuer records its payment of principal with a (debit) to bonds payable in the amount of $50,000.

What is the  original entry into the bonds payable account?

As at the time the bonds were issued, the bonds payable account would have been credited with bond's face value of $50,000 to indicate that the issuing company is indebted to the tune of $50,000.

When the bonds mature, there would a reversing journal entry, which reverses the original entry by debiting bonds payable account with $50,000, face value of the mature bonds.

Find out more about bond redemption on:brainly.com/question/14778799

#SPJ1

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Business transactions completed hannah venedict during september are follows. using transactions, record journal entries, create
professor190 [17]

 Cash                         60000

 Office Equipment    25000

To Common Stock                  85000

(Being Cash and equipment introduced in business)

Land                          $40000

Building                    $160000

To Cash                                                  $30000

To Long Term Note Payable                $170000

(Being Land and Building purchased partly by cash and long term note payable)

Office Supplies                      2000

To Accounts Payable                            2000

(Being Office Supplies Purchased on credit)

Automobile                       16500

To Common Shares                            16500

(Being Automobile introduced in lieu of share)

Office Equipment                        $5600

To Accounts Payable                            $5600

(Being Office Equipment Purchased on credit)

Salary                                     $1800

To Cash                                             $1800

(Being Salary Paid in cash)

Cash                                      8000

To Sales                                                8000

(Being Sales made in cash)



6 0
3 years ago
In Russia, suppose GDP per capita grows by 9.0 % per year for 31 years . By how many times does this economy grow?
makkiz [27]

Answer:

Russian Economy will grow by 14.46 times using 9% per year growth for 31 years.

Explanation:

Growth Rate = g = 9% = 0.09

Number of years = n = 31 years

Number of time economy grow = ( 1 + growth rate )^number of years

Number of time economy grow = ( 1 + g )^n

Number of time economy grow = ( 1 + 0.09 )^31

Number of time economy grow = 14.46 times

So, Russian Economy will grow by 14.46 times using 9% per year growth for 31 years.

8 0
3 years ago
After identifying the purpose of your message, you should select the most appropriate communication channel. When determining th
Varvara68 [4.7K]

For an effective communication to take place the selection of the most appropriate channel ( medium for convening information) for the intended audience is very important

Explanation:

The factors that are important in the determination of  the most appropriate channel/Medium for  communication are:

  • Urgency of the message(Importance of the message)
  • Confidentiality of the message and the medium
  • Record(The business communication needs to be recorded)
  • Cost incurred in sending the message
  • Supporting Technology
  • Distance

When determining the most effective channel for the  message,one should initially consider the importance of the message.

6 0
3 years ago
XYZ, Inc. has a beta of 1.06. The risk-free rate is 6 percent and the expected return of the market is 15.25 percent. What is XY
cestrela7 [59]

Answer:

15.8%.

Explanation:

Calculation for XYZ's cost of equity using the CAPM

Using this formula

Cost of equity = Rrf + βi[E(Rm) - Rrf]

Let plug in the formula

Cost of equity= 6% + 1.06×[15.25% - 6%]

Cost of equity= 6% + 1.06×9.25%

Cost of equity= 15.8%

Therefore the Cost of equity will be 15.8%

4 0
3 years ago
How did the role of the onondaga people differ from the roles of the other four trives of iroquois nation?
maxonik [38]

According to Articles 1 and 10, the role of the Onondaga differs from that of the other four Iroquois tribes because the Onondaga land is planted with a tree of peace and they are firefighters.

The Mohawks, the Oneidas, the Onondagas, the Cayugas, and the Senecas fought against each other. There was massive bloodshed and death all around us. These people of the five nations have forgotten their ways, and their deeds grieve the creator. The creator decided to send messengers so that the five nations could live in peace. The messenger is called Peacemaker.

Peacemaker was born on the north shore of Lake Ontario. There he grew up with his mother and his grandmother. They quickly realized that this young man was a special person. He always spoke of peace and said that the creator had given him a powerful message.

Learn more about Onondaga here :

brainly.com/question/25785890

#SPJ4

4 0
2 years ago
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