1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Paladinen [302]
3 years ago
13

Pharoah Company issued $530,000 of 5-year, 5% bonds at 97 on January 1, 2020. The bonds pay interest annually. Your answer is pa

rtially correct. Try again. Prepare the journal entry to record the issuance of the bonds
Business
1 answer:
Slav-nsk [51]3 years ago
4 0

Answer:

                                                Dr.             Cr.

Cash                                      $514,100

Discount on bond payable  $15,900

Bond Payable                                       $530,000

Explanation:

Cash is received against the Bond issued is debited due to its debit nature and the bond payable account is credited because it is a liability and its nature is credit.

Cash Received = ( 530,000 / 100 ) x 97 = $514,100

Discount  = (530,000/100) x (100 - 97) = $15,900

You might be interested in
It is likely that John chooses this oil company because of their ___ services
Shtirlitz [24]

it is likely that John chooses this oil company because of their good services

4 0
2 years ago
Read 2 more answers
Investment bankers who join together to share the financial risk associated with buying an entire issue of new securities and re
Harrizon [31]

Answer:

C.

Explanation:

Syndicate is a group of investment banks that work together to sell new security offerings to investors. The underwriting syndicate is led by the lead underwriter.

The issuing firm may decide that several underwriters are needed to underwrite the equity.

The size of the syndicate varies.

The primary underwriter is designated the Lead underwriter.

The lead underwriter allocates portions of the offering to syndicate members.

Syndicate members may be lead underwriters on other offerings, so the relationships are frequently based on equal stature in terms of mutual respect.

5 0
3 years ago
What is an advantage of a nation having a single currency?.
cluponka [151]

Answer:

an advantage is that it'll be easier to buy stuff because you won't have to convert and there can be a set price

4 0
3 years ago
The specifications for a plastic liner for a concrete highway project calls for thickness of 4.0 mmplus or minus0.08 mm. The sta
Leona [35]

Answer and Explanation:

The computation is shown below:

b. The upper specification limit is

= 4 + 0.08

= 4.080 mm

c. The Lower specification limit is

= 4 - 0.08

= 3.920 mm

d. The process capability index is

= min ((Upper specification limit - Mean) ÷ (3 × Standard deviation)), ((Mean - Lower specification limit)÷ (3 × Standard deviation))

= min (0.08 ÷ (3 × 0.02)), (0.08 ÷ (3 × 0.02))

= min (1.333, 1.333)

So it would be 1.333

e. Upper specification = 4.08 mm

Mean line = 4.0 mm

Now,

The upper specification lies at a distance = Upper specification - Mean line

= 4.08 mm - 4.0 mm

= 0.08 mm

upper specification =Upper specification lies ÷ One standard deviation

= 0.08 mm ÷ 0.02 mm

= 4 mm which is standard deviations from the mean

6 0
3 years ago
Using the information below, calculate gross profit for the period:
patriot [66]

Answer:

a. $749,000.

Explanation:

The computation of the gross profit is shown below:

Gross profit = Sales Revenues for the period - Cost of Goods Sold for the period

= $1,324,000 - $575,000

= $749,000

It is shown in the income statement

We simply deduct the cost of goods sold from the sales revenue so that the gross profit can come

All other information which is given is not relevant. Hence, ignored it

8 0
3 years ago
Other questions:
  • Over a long period of time Sears has slipped from being America's largest retailer to struggling for survival in recent years. W
    15·1 answer
  • Colleen and Judy purchased a dilapidated townhome in an estate sale. Due to their fix-up work and the current economy, the prope
    9·1 answer
  • When a manager informs employees about the changes taking place in the external and internal environment that will affect them a
    9·1 answer
  • if for a certain market the quantity demanded is 200 units and the quantity supplied is 250 units. Then, there is:
    14·2 answers
  • Last year Thomson Inc's earnings per share were $3.50, and its growth rate during the prior 5 years was 11.0% per year. If that
    15·1 answer
  • Morris Companies has an issue of preferred stock outstanding that pays a $7.75 dividend every year in perpetuity. What is the re
    8·1 answer
  • Martin has given himself an entertainment budget of $5 per week. He has decided that each week he will spend that $5 by either a
    10·1 answer
  • Which of the following is the type of logical database model that treats data as if they were stored in two-dimensional tables?
    6·2 answers
  • LO 1.4The law that specifically prohibits payments to foreign officials in order to attain business is knowns as ________.
    10·1 answer
  • Where should a worker go for equipment to help put out a small fire?
    7·2 answers
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!