Answer:
(C) Bonds Payable for $150,000
Explanation:
the face value of the bonds will the value at which bonds payable account enter the accounting. Then, there is a discount which decrease the net value of the bonds:
Bonds Payable 150,000 credit
Discount on bonds 15,000 debit
When the bonds are converted, we will write-off these account against common stock and additional paid-in
To wirte-off the account we need to post them in the other side so we got:
Bonds payable debit 150,000 debit
Discount on bonds 15,000 credit
Common Stock xx credit
Additional paid.in xx credit
These makes option C correct
Answer:
Note: The full question is attached below
Date Accounts Title and Explanation Debit Credit
Mar-31 WIP-Fermenting Department $15,971
Raw Material Inventory $9,288
Wages payable $3,305
Manufacturing Overhead $3,378
(Being cost assigned to WIP-Fermenting department)
The corridor is the vertical section of the supply curve of reserves in the federal fund market.
Answer:
Option A) To record revenues and expenses
Explanation:
The accounting accrual is an accounting method, it means that the company must record the revenues and expenses in the moment that the transactions occur and not when the payment is done.
By this method is always necessary to make adjustment entries to the accounting system if not it's impossible reflect all the transactions occured at this moment.
Answer:
the re-order point is 97.17
Explanation:
The computation of the re-order point is given below:
Re-order point is
= (Daily demand × Lead time) + (Z × Standard deviation × Sqrt(Lead time)
= (25 × 3) + (1.28 × 10 × Sqrt(3))
= 97.17
hence, the re-order point is 97.17
The same is to be considered and relevant too
