You have create a blog of visions of the past and future
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)
Answer: <u><em>Dividend Income = $24000</em></u>
Explanation:
Given:
Shares purchased = 10000
Received a stock dividend of 2,000 shares
Market value per share = $35
Cash dividend of $2 per share
It should be duly noted that acknowledgement of a stock dividend is not revenue. It increases the number of shares held and folds the cost ground per share.
∴ Dividend Income = No. of shares × dividend per share
Dividend Income = 12000 × $2
Dividend Income = $24000
Answer:
It can be spent anywhere and its green!
Explanation:
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Answer:
Check the explanation
Explanation:
FIFO and LIFO accounting are method or techniques that are used in financial matters and inventory managing that involves the amount of money an organization has to have tied up within inventory of manufactured goods, raw materials, parts, components, or feedstock.
kindly check the attached images below for the inventory entries.
