Answer:
S/n General journal Debit Credit
a Investment in Sanz County bonds $120,000
Interest $800
(120,000*6%*40/360)
Cash $120,800
(The purchase of the bonds on May 11 plus 40 days of accrued
interest; assume a 360-day year.)
b. Cash $3,600
Interest receivable $800
Interest revenue $2,800
(Semiannual interest on October 1)
c. Cash(150* (99%*30,000) - $100) $29,750
Loss on sale of investments $400
Investment in Sanz County bonds $30,000
Interest revenue $150
(Sale of the bonds on October 31)
d. Interest receivables $1,365
Interest revenue $1,365
(Adjusting entry for accrued interest of $1,365 on
December 31, Year 1.)
Answer:
Option (d) is correct.
Explanation:
Given that,
Beginning work in process = 15,000 units
Assembly Department started = 30,000 units
Units completed = 35,000 units
Ending work in process:
= Beginning work in process inventory + Additions during the year - Units completed and transferred out
= 15,000 + 30,000 - 35,000
= 10,000 units
Therefore, the ending work in process is 10,000 units.
Yes yes yes yes yes yes yes
The correct answer is D. decreasing inventory to lower costs
If you decrease inventory, then you don't have trapped money. If someone needs something, you can then order the things you need from your supplier and then sell it to the people who ordered it.
4% is the percent change in real income.
What is the meaning of real income?
Real income, also known as real pay when referring to an individual's income, is the amount of money that an individual or entity makes after taking inflation into account. To have the best knowledge of their purchasing power, people frequently closely monitor the difference between their nominal and actual income.
What is meant by nominal income?
Nominal income is money that hasn't been adjusted for inflation-related changes in buying power, or how much one can buy with that money.
What Is Price Level?
The price level is determined by averaging the current prices for all the goods and services produced in an economy. Price level, in a broader sense, refers to the cost or price of a good, service, or security in the market.
Learn more about real income: brainly.com/question/17094716
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