Friendship is a state of enduring affection, esteem, intimacy, and trust between two people. Hence, there is sense of friendship among Jack and Marcus.
<h3>Advantages Of Living Near Your Workplace</h3>
- Jack and Marcus can avoid traffic and stay away from pollution
- It will help them save a lot of time
- They will end up saving money
- They will help you stay healthy
- It increases flexibility
Therefore, they (Jack and Marcus) will have the above advantage.
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Answer:
$63,500
Explanation:
Interest expense paid in cash $55000
Less: Adjusted for accrued interest $13,000
payable
Add: prepaid interest adjusted <u>$21,500</u>
Interest expense in its current year <u>$63,500</u>
statement of income
Answer and Explanation:
The journal entries are shown below;
a. Investment Dr $37,282
To Cash $37,282
(being the investment in bonds is recorded)
b.
Cash (($1,000 × $40) × 0.07 × 6 ÷ 12) $1,400
Investment $91
To interest revenue ($37,282 ×8% × 6 ÷ 12) $1,491
(Being the first interest payment is recorded)
Answer:
<em>Accounting is the process of recording financial transactions pertaining to a business.</em>
