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bonufazy [111]
3 years ago
8

Exercise 15-2 On January 1, 2017, Klosterman Company issued $420,000, 12%, 10-year bonds at face value. Interest is payable annu

ally on January 1. Prepare the journal entry to record the issuance of the bonds.
Business
1 answer:
Maslowich3 years ago
6 0

Answer:

The journal entry to record the bond issuance is shown below:

Explanation:

The journal entry to record the bond issuance is as:

Cash A/c.............................................Dr  $420,000

        Bonds Payable A/c......................Cr  $420,000

Being the bonds issued

As the bonds are issued by the company so cash is coming into the business, which is an asset and any increase in asset is debited. Therefore, the cash account is debited. And cash is received against the bonds payable, so the account of bonds payable is credited.

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Which one of the following statements regarding disclosure is true?
dybincka [34]

Answer:

4

Explanation:

The death on property must be disclosed to buyers by stateagents or owners if the death has occurred within last three years but the manner of death is not requried to be disclosed unless asked by the buyer.

5 0
3 years ago
A company's December 31 work sheet for the current period appears below. Based on the information provided, what is net income f
lbvjy [14]

Answer:

Net income for the current period is $2,350.

Explanation:

Calculation of Net Income for the Current Period.

                                                                    $               $

Fees earned                                                             7,250

Less Expenses :

Rent expense                                           1,300

Salaries expense                                     2,300

Utilities expense                                         345

Insurance expense                                    650

Supplies expense                                        115

Depreciation expense—equipment          190   (4,900)

Net Income / (Loss)                                              2,350

3 0
2 years ago
An organization has considered its sales channels, its customer service requirements, and its operating model. Also it has analy
yan [13]

According to Michael Porter :

  • A sales channel is a strategy employed by a producer to market goods or services to final consumers. Depending on how things are delivered to customers, sales channels can be direct or indirect. With the aim of closing the sale, these channels can be platforms (online or offline), people, or partners.
  • A further perspective is that a sales channel is a source of income for a manufacturer that facilitates the sale of goods or services.
  • A business can sell its goods and services through direct channels like these.
  • Kiosks: These are self-service points where customers may make purchases and payments. Display rooms.
  • Sales staff, which the business employs to sell its goods to clients and customers.
<h2>What are the principles of a sales organization?</h2>

A sales organization is built on a few key organizational tenets that are closely related to the tenets of the entire business. These principles act like software, directing and regulating the organization's efficient operation. Principles assist the organization in pursuing its objectives and investigating market prospects.

<h3>What standards should a successful sales organization meet?</h3>

The management should be aware of the requirements for creating a successful sales organization before one is created. These are listed below:

1. The functions of the sales department should be clearly defined by the sales organization, and the activities of the salespeople and their superiors should be planned and coordinated in a logical manner.

Learn more about sales organization at :

brainly.com/question/12978625?referrer=searchResults

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3 0
2 years ago
Select all that apply. Select all the items that describe the benefits that consumers may receive from more sellers in the marke
Orlov [11]
The following apply:
1. Better quality of goods and services.
2. Improved customers services.
3. More variety of goods and services.
There are some benefits that customers derived from competition. Parts of the benefits are listed above. Competition encourages businesses to improve the quality of their products and services and place reasonable prices on their products. 
3 0
3 years ago
Broha Company manufactured 1,500 units of its only product during 2016. The inputs for this production are as follows:
likoan [24]

Answer:

c. 2.00.

Explanation:

The computation of the partial operating activity is given below:

The cost of material H is

= 360 × $2.50

= $900

Now the partial productivity of material H is

= 1,800 ÷ 900

= 2

Hence, the correct option is c.

4 0
2 years ago
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