1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Elanso [62]
3 years ago
15

For the current interest period, Jones Corporation's accountant correctly recognized interest expense of $7,350 relating to Jone

s' bonds and paid $7,000 in interest to bond holders. The journal entry recording the interest also must have included a _______.
Business
1 answer:
Xelga [282]3 years ago
5 0

Answer:

Journal entry recording the interest

                                            Debit             Credit

Interest Expense               $7,350

Cash                                                         $7,000

Interest Payable                                       $350

As $7,000 is paid from the total expense of $7,350. Remaining interest of $350 is recorded as liability in interest payable account.

You might be interested in
This service allows you to pay at a point of sale and accesses funds in the bank but usually does not charge you a fee:
satela [25.4K]

Answer:

A debit card

Explanation:

A debit card allows customers to make electronic payments using the funds at their bank accounts. If the customer does not have sufficient funds in their bank accounts, the transaction won't go through.

A debit card is similar to a credit card in appearance. However,  a debit card does not levy interest fees or late payment fees because it's not a credit facility.

4 0
2 years ago
About the Lagrangian method, select the correct statement: We can use it to solve consumer's utility maximization problems, but
mezya [45]

Answer:

About the Lagrangian method,

We can use it to solve both consumer's utility maximization and firm's cost minimization problems.

Explanation:

Lagrangian method is a mathematical strategy for finding the maxima and the minima of a function subject to equality constraints.  Equality constraints mean that one or more equations have to be satisfied exactly by the chosen values of the variables.  Named after the mathematician, Joseph-Louis Lagrange, the basic idea behind the Lagrangian method is to convert a constrained problem into a Lagrangian function.

8 0
2 years ago
Francine is interested in starting a new financial services company where she will manage the investments of others. she wants t
amm1812
<span>Francine would be considered an entrepreneur because she is someone who initiates and assumes the financial risk of a new business enterprise.
</span>An entrepreneur is defined as someone who owns and operates a business or businesses and takes on a greater than normal financial risk to do that. An entrepreneur starts their own business and puts everything they have into making it successful, no matter the risk, they tend to take it to become successful.<span>
</span>
4 0
3 years ago
Annual general meeting what is it?
Sonbull [250]

Answer: Gathering of the directors and stockholders (shareholders) of every incorporated firm, required by law to be held each calendar year. Generally, not more than 15 months are allowed to elapse between two AGMs, and a 21-day's written notice of its date is required to be given to the stockholders. The main purpose of an AGM is to comply with legal requirements, such as the presentation and approval of the audited accounts, election of directors, and appointment of auditors for the new accounting term. Other items that may also be discussed include compensation of officers, confirmation of proposed dividend, and issues raised by the stockholders.

7 0
3 years ago
What is management ?​
kkurt [141]

Management is the act of getting people together to accomplish desired goals and objectives using available resources efficiently and effectively.

3 0
3 years ago
Other questions:
  • The Talbot Corporation makes wheels that it uses in the production of bicycles. Talbot's costs to produce 100,000 wheels annuall
    5·1 answer
  • Asset utilization ratios
    13·1 answer
  • A record of the increases and decreases in a specific asset, liability, equity, revenue, or expense is a(n)________.
    7·1 answer
  • Maria, an active partner in the Grifton/Blum CPA firm partnership, receives an annual bonus of 10% of partnership net income aft
    10·1 answer
  • Item 24 Time Remaining 31 minutes 59 seconds 00:31:59 Item 24 Item 24 Time Remaining 31 minutes 59 seconds 00:31:59 Real GDP per
    11·1 answer
  • Marketing is non-paid promotional communication presented by the media True False
    9·1 answer
  • Which of the following journal entries will record the payment of a $675 accounts payable originally incurred for Office Supplie
    7·1 answer
  • In the united states, what was the main purpose on anti-trust legislation?
    7·1 answer
  • What is the most likely reason some people avoid all carbohydrates in order to lose weight?
    10·1 answer
  • Under perfect competition, any profit-maximizing producer faces a market price equal to its?
    13·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!