Answer:
Dr cash $310,831
Dr discount on bonds payable $29,169
Cr bonds payable $340,000
On 30th June 2021
Dr interest expense $ 15,542
Cr cash $15,300
Cr discount on bonds payable $242
On 31st December 2021
Dr interest expense $ 15,554
Cr cash $15,300
Cr discount on bonds payable $254
Explanation:
The bond issued at a discount is the first bond whose cash proceeds of $310,831 were less than face value of $340,000.
Discount=face value -cash proceeds=$340,000-$310,831=$29,169.00
Find attached bond amortization schedule.
Answer:
Shift the gasoline supply curve to the right.
Explanation:
in economy , A shift to the right in supply curves indicates that the supply of the product increased, a shift to the left indicates that the supply of the product decreased.
When the price of gasoline increases, the amount of profit that the sellers can obtain by selling the product also increased. This encouraged them to supply more of that product in the market.
Answer:
E. $78
Explanation:
The computation of the net present value is shown below:
Net present value is
= Initial investment + year cash inflows ÷ (1 + discount rate)^number of years + year cash inflows ÷ (1 + discount rate)^number of years
= -$150 + $175 ÷ 1.15 + $100 ÷ 1.15^2
= $77.78
= $78
Hence, the correct option is E. $78