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Dafna1 [17]
3 years ago
9

Your company issues $50,000 of one-year, 10% bonds at face value. The journal entry to record this transaction will include a de

bit to:
A. Cash and a credit to Bonds Payable for $50,000
B. Cash for $55,000, a credit to Bonds Payable for $50,000, and a credit to Interest Payable for $5,000
C. Cash and a credit to Bonds Payable for $55,000
D. Cash for $50,000, a debit to Interest Expense for $5,000, and a credit to Bonds Payable for $55,000.
Business
1 answer:
Ostrovityanka [42]3 years ago
8 0

Answer:

A. Cash and a credit to Bonds Payable for $50,000

Explanation:

The journal entry is shown below:

Cash $50,000  

           To Bonds Payable  $50,000

(being the issuance of the bond payable is recorded)

We simply debit the cash as it increased the assets and credited the bond payable as it also increased the liabilities so that the proper posting could be done i.e $50,000 should be credited and debited

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Midwest Corporation has provided the following data concerning manufacturing overhead for 2020:
SSSSS [86.1K]

Answer:

Estimated manufacturing overhead rate= $18 per direct labor hour

Explanation:

Giving the following information:

Estimated manufacturing overhead for the year $ 37,080

Estimated direct labor hours for the year 2,060

To calculate the estimated manufacturing overhead rate we need to use the following formula:

Estimated manufacturing overhead rate= total estimated overhead costs for the period/ total amount of allocation base

Estimated manufacturing overhead rate= 37,080/2,060

Estimated manufacturing overhead rate= $18 per direct labor hour

4 0
3 years ago
MCZ, Inc. is a corporation that was incorporated under the laws of the State of New Jersey. MCZ, Inc. has only one office which
andreev551 [17]
True maybee not sure
3 0
2 years ago
Many of the responsibilities associated with working in a professional sport organization, such as the National Football League
I am Lyosha [343]

Answer:

False

Explanation:

Many of the responsibilities associated with working in a professional sport organization is similar to the responsibilities found in collegiate athletic administrations

Collegiate athletic administration is a body that regulates student athletes from North American it generally covers unprofessional and university level competitive games and it is non-profit . while professional sport organizations have vast responsibilities that are applicable to collegiate athletic administration

8 0
3 years ago
(-2a+5)(3a+4)<br><img src="https://tex.z-dn.net/?f=%28%20-%202a%20%2B%205%29%283a%20%2B%204%29" id="TexFormula1" title="( - 2a +
vichka [17]
Simplifying
(2a + 5)(3a + -4) = 0

Reorder the terms:
(5 + 2a)(3a + -4) = 0

Reorder the terms:
(5 + 2a)(-4 + 3a) = 0

Multiply (5 + 2a) * (-4 + 3a)
(5(-4 + 3a) + 2a * (-4 + 3a)) = 0
((-4 * 5 + 3a * 5) + 2a * (-4 + 3a)) = 0
((-20 + 15a) + 2a * (-4 + 3a)) = 0
(-20 + 15a + (-4 * 2a + 3a * 2a)) = 0
(-20 + 15a + (-8a + 6a2)) = 0

Combine like terms: 15a + -8a = 7a
(-20 + 7a + 6a2) = 0

Solving
-20 + 7a + 6a2 = 0

Solving for variable 'a'.

Factor a trinomial.
(-5 + -2a)(4 + -3a) = 0

Subproblem 1
Set the factor '(-5 + -2a)' equal to zero and attempt to solve:

Simplifying
-5 + -2a = 0

Solving
-5 + -2a = 0

Move all terms containing a to the left, all other terms to the right.

Add '5' to each side of the equation.
-5 + 5 + -2a = 0 + 5

Combine like terms: -5 + 5 = 0
0 + -2a = 0 + 5
-2a = 0 + 5

Combine like terms: 0 + 5 = 5
-2a = 5

Divide each side by '-2'.
a = -2.5

Simplifying
a = -2.5
Subproblem 2
Set the factor '(4 + -3a)' equal to zero and attempt to solve:

Simplifying
4 + -3a = 0

Solving
4 + -3a = 0

Move all terms containing a to the left, all other terms to the right.

Add '-4' to each side of the equation.
4 + -4 + -3a = 0 + -4

Combine like terms: 4 + -4 = 0
0 + -3a = 0 + -4
-3a = 0 + -4

Combine like terms: 0 + -4 = -4
-3a = -4

Divide each side by '-3'.
a = 1.333333333

Simplifying
a = 1.333333333
Solution
a = {-2.5, 1.333333333}
6 0
3 years ago
If you are falling behind on your student loan payments, which of the following steps should you take to avoid default?
larisa86 [58]
The correct answer among all the other choices is "Contact your lender." If you are falling behind on your student loan payments, this is the step you should take to avoid default. Thank you for posting your question. I hope this answer helped you. Let me know if you need more help. 
7 0
3 years ago
Read 2 more answers
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