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
Lyrx [107]
3 years ago
8

Brief Exercise 9-17 Record early retirement of bonds issued at a premium (LO9-7)

Business
1 answer:
butalik [34]3 years ago
4 0

Answer:

Dr Bonds payable                       $50,700

Dr premium on bonds payable     $4,265

Cr Cash                                                                                 $53,000

Cr gain on bonds retirement($50,700+$4,265-$53000) $1,965

Explanation:

The premium yet to be amortized on the bond at retirement is the carrying  value minus face value i.e  $54,965-$50,700=$4265

The premium  on bonds payable would now be debited with $4265

The cash paid on retirement would be credited to cash account

The face value of the bonds payable of $50,700 would be debited to bonds payable in order to show that the obligation has been discharged.

You might be interested in
True or False: You may contribute as much of your earnings as you choose to your employer-sponsored retirement plan
goldenfox [79]
A.( true because of each year
7 0
3 years ago
Read 2 more answers
McVeigh Corp. owns 40% of Gondor Company's common stock. McVeigh received $41,200 in cash dividends from Gondor. The entry to re
Anestetic [448]
Hehj hrhjdjdjdjxjxisijdjnrnrnnrndmdkkdkdkx
6 0
3 years ago
Statement of Cash Flows Paige's Properties Inc. reported 2018 net income of $1.90 million and depreciation of $259,000. Paige's
SCORPION-xisa [38]

Answer:

See calculations below

Explanation:

With regards to the above we'll simply add back the given depreciation to the net profit for 2018

= Net income $1,090,000 + depreciation

$290,000

= $1,358,000

Cash flow for 201 is $1,358,000

5 0
3 years ago
Which of the following would be most likely to use process costing? a.lawn fertilizer manufacturer b.custom furniture manufactur
Novosadov [1.4K]

Answer:

The correct answer is letter "A": lawn fertilizer manufacturer.

Explanation:

Process costing is a type of costing approach used by companies to identify expenses for individual units produced. This method is useful for manufacturers in charge of mass production where all the units are almost the same or equal. Thus, <em>a lawn manufacturer could use the process costing system</em> because the equipment produced in that industry are almost equal and tend to be manufactured in large quantities.

5 0
3 years ago
The atomic number of an element represents the number of:
NeX [460]

Answer:

  • <u><em>protons</em></u>

<u><em></em></u>

Explanation:

By definition the<em> atomic number </em>of an element is the<em> number of protons.</em>

The protons are the positevely charged particles in the nucleus of the atom.

The atomic number of an element is what uniquely identifies it. There are 118 known elements and all of them are represented in the periodic table. Then, there are 118 different atomic numbers.

The elements are arranged in the periodic table in increasing order ot atomic number.

For instance:

  • The element with <em>atomic number</em> 1 is hydrogen (H). It is the first element in the periodic table, located in the upper left corner of the table. It has one <em>proton</em>. NONE  other element has just one proton.

  • The element with <em>atomic number</em> 2 is helium (He). It has two <em>protons</em>, is located at the upper right corner of the periodic table and NONE other element has just two protons.

  • The element with <em>atomic number</em> 118 is Oganesson (Og). It is the last element in the periodic table. It is located in the bottom right corner of the periodic table. It has 118 <em>protons</em> and NONE other element has atomic number 118.
4 0
3 years ago
Other questions:
  • Another name for the business level of the organization is the __________ level of the organization
    12·2 answers
  • 10. Which of the following occurrences is the key explanation for the high economic growth in the United States in the past cent
    11·1 answer
  • I have an idea that might address all of these issues. What if none of us have any of these donuts but instead we break up into
    9·1 answer
  • What are employers required to provide on all motor vehicles
    10·2 answers
  • Ella had been using an imported brand of shampoo for several years, but she could no longer find it anywhere. As she was conside
    6·1 answer
  • A debit may signify a(n) a. decrease in a liability account b. decrease in an asset account c. increase in the retained earnings
    14·1 answer
  • (1 pt) The manager of a large apartment complex knows from experience that 90 units will be occupied if the rent is 420 dollars
    10·1 answer
  • Wizard Corp. needs to take out a one-year bank loan of $600,000 and has been offered loan terms by two different banks. One bank
    9·1 answer
  • Need help with these question don't understand pls help
    5·1 answer
  • What is transparency
    11·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!