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Korvikt [17]
3 years ago
8

Market Research is necessary to discover the potential success of new and existing products. True False

Business
1 answer:
arlik [135]3 years ago
8 0
True Market Research is necessary to discover existing products
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Pr 12-2b bond discount, entries for bonds payable transactions
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<span>1. journalize the entry to record the amount of cash proceeds from the issuance of the bonds on july 1, 2016.

Cash                                                     42,309,236
Discount on bonds payable             3,690,764
                           Bonds payable                                           46,000,000

</span><span>2. journalize the entries to record the following: 
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Interest Expense                2,327,007.98
                      Discount on Bonds Payable              92,269.10
                      Cash                                                    2,234,738.88

b. the interest payment on june 30, 2017, and the amortization of the bond discount, using the straight-line method. (round to the nearest dollar. 

</span>nterest Expense                2,327,007.98
                      Discount on Bonds Payable              92,269.10
<span>                      Cash                                                    2,234,738.88
</span><span>
3. </span><span>determine the total interest expense for 2016. 
</span>42,309,236 x 11% = 4,654,015.96 annual interest expense
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