B.) It is known as EQUILIBRIUM CONSTANT.
Not sure how specific this has to be but setting percentages of where you want your money would be a great way if that’s an option.
Answer:
Cr Bonds Payable account 50,000
Cr Premium on Bonds Payable account 2,000
Explanation:
The complete journal record should be:
- Dr Cash account 52,000
- Cr Bonds Payable account 50,000
- Cr Premium on Bonds Payable account 2,000
Since cash is an asset and it increases, it should be debited.
Since bonds payable and premium on bonds payable are liabilities and they increase, they should be credited.
Where are the multiple choices?
I dont know!!!!!!!!!!!!!!!!!!!!!!!!!!