Answer:
Journal entry is given below
Explanation:
To record the payment of interest and the discount amortization at the end of period 1 we should debit the Interest expense and credit cash and discount
DATA
Interest expense in year 1 = $38,936
Interest to be paid = $36,450
Discount amortization = $2,486
Entry DEBIT CREDIT
Bond interest expense $38,936
Cash $36,450
Discount on bonds $2,486
Alton's supervisors' allowing him flex time to attend these meetings embraces Alton's<u> "ethnicity".</u>
Ethnicity alludes to the identification of a group in view of an apparent social uniqueness that makes the gathering into a "people." This distinctiveness is accepted to be communicated in dialect, music, values, craftsmanship, styles, writing, family life, religion, custom, nourishment, naming, open life, and material culture. This social exhaustiveness—a one of a kind arrangement of social attributes apparent as conveying everything that needs to be conveyed in usually extraordinary routes over the sociocultural existence of a populace—portrays the idea of ethnicity. It rotates around not only a "populace," a numerical entity, but rather a "people," an exhaustively one of a kind social element.
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<span> The fact that Pat has a savings account and a car loan from a not-for-profit financial institution owned by its member , means that </span>Pat is probably a member of the financial institution: Credit Union. This type of financial institution is created and operated by its members (the members are <span>depositors, borrowers, and shareholders.</span>
