5.69
What he said, I have to answer just to ask some, hope he correct
6.4%
200 from the 5% of 4000
140 from 4% on 3500
160 on 6.4% on 2500
Answer:
b. speed money
Explanation:
Speed money -
It refers to the amount of money provided in order to increases the time period of any process or task , is referred to as speed money .
It is also known as grease payments .
It is different from the bribe , as bribe is given in order to approve the activity or task .
But speed money is used to hasten the time period .
Hence , from the given question ,
The correct answer is speed money .
Answer and Explanation:
The Journal entries are shown below:-
Interest expense Dr, $316,800
Premium on bonds payable Dr, $19,200 ($96,000 ÷ 5)
To Interest payable $336,000 ($4,800,000 × 7%)
(Being interest expense and bond premium amortization is recorded)
Here we debited the interest expenses and premium on bonds as it increased the expenses and we credited the interest payable as it also increased the liabilities
