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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.

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Answer:

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At most, we can spend 12,000 dollars.

Up to this point, the expense are cover by the additional return. bove this threshold the fund will incur in losses from the active management

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Answer:

a. Even though I was willing to pay up to $40 for a jersey sweater, I bought a jersey sweater for only $31.

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c. I was willing to go as low as $130 in order to sell it A local store was having a sale on watches, so I bought a watch for my brother. Neither.

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If an economy experiences increasing opportunity costs with respect to two goods, then the production possibilities curve betwee
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Production possibilities curve between the two goods will be a straight, downward-sloping line if the opportunity cost rise.

<h3>What is production possibilities curve?</h3>

The production possibilities curve serves as graph that display the relationship between the resources and the output that can be produced.

Therefore, when the opportunity cost that exists between two goods, there will be. downward slope as regards the production possibilities curve.

Learn more about production possibilities curve at;

brainly.com/question/2601596

#SPJ1

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2 years ago
Ford developed a series of ________, or short videos shown online featuring entertainment centered around its Focus brand, aimed
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Answer:

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