Answer:
500 divided by 2/3 = 500 * 3/2= 750
Explanation:
You have to interchange the fraction 2/3. The denominator becomes the numerator and vice versa.
2/3 becomes 3/2
500 divided by 2/3 = 500 * 3/2
500 divided by 2/3 = 750
500* 3/2 is the same as 500 x 1.5 = 750
Answer:
1,3,4
Explanation: Those are the one I would choose.
Answer:
Explanation:
The journal entry is shown below:
On September 30
Bonds payable A/c Dr $1,000,000
Loss on bond retirement A/c Dr $20,000
To Discount on Bond A/c $10,000
To Cash A/c $1,010,000
(Being the callable bond is recorded)
The computation is shown below:
For cash
= Par value of bond + Premium
= $1,000,000 + $10,000
= $1,010,000
For Loss, it would be
= $1,010,000 - $990,000
= $20,000
And, the remaining amount would be transferred to discount on bond
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