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
weqwewe [10]
3 years ago
15

Prepare the journal entry for the issuance of these bonds. Assume the bonds are issued for cash on January 1, 2017. Garcia Compa

ny issues 9.00%, 15-year bonds with a par value of $400,000 and semiannual interest payments. On the issue date, the annual market rate for these bonds is 7.00%, which implies a selling price of 115 3/4.
Business
1 answer:
ELEN [110]3 years ago
8 0

Answer:

Journal Entries for jan 1, 2017

Explanation:

Face value of bond = 400,000

Proceeds = 400,000 X 1.1575 = 463,000

Premium = 463,000 - 400,000 = 63,000

Jan 1, 2017

                                                   Debit        Credit

Cash                                         463,000

Premium                                                       63,000

Bond payable                                              400,000

You might be interested in
Celestial Insurance hires college graduates and prepares them for management careers. The human resource professionals who prepa
Nataly_w [17]

Answer:

Development

Explanation: A P E X

5 0
3 years ago
Payback period is the amount of time it will take to recoup, in the form of net cash inflows, the total dollars invested in a pr
Pie
21 huskxjxhdjz xjxbxbxh dhzhxvx xhxbx
4 0
3 years ago
For the budget period ending December 31 of the current year, Aaron Corporation estimates its ending balances for cash as $4,000
jek_recluse [69]

Answer:

The amount of total current assets that will be reported on the budgeted balance sheet is $40,000.

Explanation:

Total current assets

= Cash + Accounts receivable + Finished goods inventory + Raw materials inventory

= $4,000 + $16,000 + $12,000 + $8,000

= $40,000

Therefore, The amount of total current assets that will be reported on the budgeted balance sheet is $40,000.

3 0
3 years ago
Techilex delivers timber directly to furniture manufacturers. The company takes legal possession of the timber it distributes. T
Sindrei [870]

Answer:

The correct answer is drop shipper.

Explanation:

Drop shipping can be defined as one of the supply chain management method where the vendor does not stock any product.

In drop shipping when a vendor gets any order from the customer, the vendor forwards it to the third party for order fulfillment and then ships the product directly from the third party to the customer by the name of the vendor.

According to the scenario, techilex does not store any product but only facilitates delivery for the products shows the drop shipping type of business.

8 0
3 years ago
Labuk is a 20-year employee of Whirley Corporation. During his career with Whirley, Labuk has felt uncomfortable with his superv
nata0808 [166]

Answer:

a. Labuk does not have a harassment claim based on national origin because these two incidents, although offensive, do not create a hostile work environment.

Explanation:

In order for Labuk to have a valid harassment claim, his supervisor must have created an offensive and hostile work environment. Apparently, the supervisor's bad attitude is not shared by Labuk's colleagues, at least it doesn't say so in the question.

The supervisor's attitude might not have been appropriate, but two incidents in 20 years is something can happen to anyone and not just Labuk. Imagine how many times an employee might argue or have some type of dispute with a supervisor during 20 years. Labuk should have reported both incidents to a company's manager.

3 0
3 years ago
Other questions:
  • How does purchase a car affect the economy?
    15·1 answer
  • The mid-1990s saw a rise in the use of mobile phones in the general population. The technology continued to improve in the early
    7·1 answer
  • Which of the following statements reflects upon the difficulty companies face when requiring international suppliers to follow e
    8·1 answer
  • A U.S. trade policy that restricts the sale of foreign goods in the U.S. market will a. reduce the demand for U.S. export goods
    13·1 answer
  • You need some money today and the only friend you have that has any is your ‘miserly' friend. He agrees to loan you the money yo
    6·1 answer
  • Language barriers to communication:
    14·1 answer
  • A recent Small Business Administration study found that commercial banks provide between ________ percent of the credit availabl
    9·1 answer
  • At the beginning of the year, American International had inventory worth $325,500 at cost. At the end of the year, the cost valu
    15·1 answer
  • Goose Corporation has a basis of $3,340,000 in the stock of Swift Corporation, a wholly owned subsidiary acquired 30 years ago.
    6·1 answer
  • McBurger, Inc., wants to redesign its kitchens to improve productivity and quality. Three designs, called designs K1, K2, and K3
    11·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!