Answer:
D. Check written for $ 59 but recorded by the Company as $ 95
Explanation:
The correct choice is D since a check written at a higher than the correct amount has to be adjusted by adding the differential amount to the balance per books.
The options B and C are errors by the bank and thus would need to be adjusted on the bank side of the bank reconciliation.
The option A refers to a check value erroneously understated in the balance per books and this would require a deduction on the balance per books.
Answer:
C. More leisure time
Explanation:
Leisure time is the time spent away from work, business, school, or doing domestic chores. Spending time in necessary activities such as eating or sleeping is not leisure. Leisure activities include cycling, taking holidays, hiking, or cycling.
Starting a business is not a leisure activity. Engaging in recreation activities away from the enterprise is leisure.
Fewer injuries/workers compensation claims. Safer workplace. Greater comfort. Higher productiviity
Answer:
The amortization of discount on bonds payable increases the interest expense and decreases the bonds payable balance. Discount on bonds payable is a contra liability account with a debit balance that decreases the credit balance of the bonds payable account.
Explanation:
E.g. $100,000 in bonds are issued, annual coupons with a 4% interest rate, matures in 5 years and sells for $90,000
the journal entry to record the issuance
Dr Cash 90,000
Dr Discount on bonds payable 10,000
Cr Bonds payable 100,000
The journal entry to record first coupon payment using straight line method of amortization
Dr Interest expense 6,000
Cr Cash 4,000
Cr Discount on bonds payable 2,000
The bonds payable account balance after the first coupon payment = $92,000
Answer:
Her sales would fall by 30%
Explanation:
when the shop down the street increased the price of stand-up paddleboard tours by 10%, her sales increased by 15%. This means for every decrease or increase in the price of stand-up paddleboard tours by 10%, there might be a 15% decrease or increase in sales. Therefore if the paddleboard tour price were lowered by 20%, it will lower her sales by 30%.
