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masya89 [10]
3 years ago
6

On January 1, 2019, Providence, Inc., issues $1,000,000 of 10 percent, 5-year bonds at par value. Complete the necessary journal

entry by selecting the account names from the drop-down menus and entering the dollar amounts in the debit or credit columns.
Business
1 answer:
Anna35 [415]3 years ago
6 0

Answer:

                                   Dr.                Cr.

January 1, 2019

Cash                     $1,000,000

Note Payable                             $1,000,000

Explanation:

Bond issued for $1,000,000 and cash received against it. So, cash id debited and a liability is created in this event. Interest accrued will be charged as interest expense at the end of period.

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3 years ago
Present value is: a. The future value of a current amount of money evaluated at a given interest rate. b. The current value of a
pogonyaev

Answer:

Explanation:

Present value is calculated as the discounted sum of either a fixed amount or a series of payments in the future, at a given interest rates.

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3 0
3 years ago
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Answer:

The correct option is C. which is <em>assess how long a company with positive cash flows from financing activities can continue to operate</em>

Explanation:

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The formula of The ratio of cash to monthly cash expenses

= Cash s of year end ÷ Monthly Cash Expenses

5 0
3 years ago
Job 543 started on june 1 and finished on july 15. Total cost on july 1 was​ $10,800, and the costs added in july were​ $164,300
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Answer:

$175,100

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4 0
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4 0
4 years ago
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