Answer:
C. debit cash, credit premium on bonds payable and bonds payable
Explanation:
Since the contract rate is greater than the market rate, the bond is issued at a premium. And, the journal entry is shown below:
Cash A/c Dr XXXXX
To Premium on bonds payable A/c XXXXX
To Bonds payable A/c XXXXX
(Being bond is issued at a premium is recorded)
When the bond is issued at a premium, we debited the cash account and credited the premium on bonds payable and bonds payable account
Answer:
World's journal entry to record the sales transaction is:
<em>Note Receivable ; Jax Recording Studio $8,200 (debit)</em>
<em>Sales Revenue $8,200 (credit)</em>
Explanation:
Music World is the seller and must recognize Revenue following the sale.The Revenue is initially recognized at the value of sale of $8,200. Music World must also recognize an Asset on the promissory note signed to the value of $8,200.
Answer:
The right approach is Option a (supply of the good).
Explanation:
- Supply would increase substantially of some more production. Increasing the income of established businesses wouldn’t rise, as there has been increasing competitiveness.
- This similar value of the product is likely to decline due to further fulfillment as well as the same requirement. Marginal costs would never be compromised.
Anyone else alternatives possible does not apply to the situation throughout the question. That's the right thing above.
Yes I would sacrifice potentially winning the state title. Using performance enhancing drugs is both morally wrong, and illegal. If my team was to win states I would want it to be because we deserved it, not because players were taking drugs. Not only that, but the players who took the drugs could be causing a lot of harm to their bodies, something that isn't worth a title.
Answer:
To reduce risks against default.
