Answer and Explanation:
The journal entries are as follows:
On May 4
Account payable $600
To cash $600
(Being cash paid is recorded)
On May 7
Account receivable $6,500
To service revenue $6,500
(being service on account is recorded)
On May 8
Supplies $800
To Account payable $800
(being supplies purchased on account)
On May 9
Equipment $1,000
To cash $1,000
(being cash paid)
On May 17
Salary expense $500
To cash $500
(being cash paid)
On May 22
Repair expense $800
To Account payable $800
(Being received bill for repairing of an equipment is recorded)
On May 27
Prepaid rent $1,100
To cash $1,100
(Being cash paid is recorded)
Answer:
Years to Maturity = 12.53
Explanation:
Coupon Rate = 7.00%
Coupon Periods = 2
Perpetuity Value = 1,041.67
Price = 1,023.46
Discounted Perpetuity Value = 455.17
Yield to Maturity = 6.72%
Annuity Value = 586.49
Discounted Face Value = 436.97
Semiannual Coupon = 35.00
Price 1,023.46
Periods to Maturity = 25.05
Semiannual Yield = 3.36%
Years to Maturity = 12.53
free trade is trade that governments do not interfere with. Governments can impose trade restrictions and tariffs on trade that might inhibit two parties from being able to trade freely.
There is no following, you didn’t supply the choices.
Step to step answers
