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QveST [7]
3 years ago
9

2. If the market interest rate is 7%, the bonds will issue at $418,022. Record the bond issue on January 1, 2021, and the first

two semiannual interest payments on June 30, 2021, and December 31, 2021. (If no entry is required for a particular transaction/event, select "No Journal Entry Required" in the first account field. Round your answers to the nearest dollar amount.)
Business
1 answer:
Alex Ar [27]3 years ago
4 0

Answer:

The journal entries are as follows:

(a) On January 1, 2021

Cash A/c    Dr. $418,022

To Bonds payable            $418,022

(To record the issue of bond)

(b) On June 30, 2021

Interest expense A/c [$418,022 × 7%/2]    Dr. $14,630.77

To cash                                                                                  $14,630.77

(To record the first two semiannual interest payments)

(c) On December 31, 2021

Interest expense A/c    Dr. $14,630.77

To cash                                                         $14,630.77

(To record the first two semiannual interest payments)

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For each of the annual inflation rates given in the following table, first determine the new price of a movie ticket, assuming i
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  see below

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When she was in college, Kiersten Walburg wrote a case study on Grokster, an online peer-to-peer (P2P) file-sharing network, and
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Answer:

File-Sharing and Copyrights

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2. Is file-sharing always prohibited? Select (Yes/ No) .

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4. Under the Digital Millennium Copyright Act, a person who file-shares Select (can/ cannot) use the fair use doctrine to justify the file-sharing.

5. Montgomery notified Walburg that she had been identified as engaging in the unauthorized trading of music. She replaced the hard drive on her computer with a new drive that did not contain the songs in dispute. Walburg Select (can/ cannot) remedy her wrongful conduct by replacing her hard drive?

6. Why or why not? The illegal file sharing Select (was/ was not) already done.

7. Who is an innocent infringer? A person who Select (is/ is not) aware and had no reason to believe that his or her acts constituted copyright infringement.

8. Walburg likely Select (was/ was not) an innocent infringer.

9. Why? She had written a case study on Napster and knew file sharing was Select (right/ wrong) .

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Copyright infringement is like plagiarism.  It is the wrongful use of another person's copyrighted works or words, as if they were their own and without obtaining copyright permission from the copyright owner.  It is illegal while plagiarism is unethical.

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