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
Black_prince [1.1K]
3 years ago
8

When an investor's accounting period ends on a date that does not coincide with an interest receipt date for bonds held as an in

vestment, the investor must:_______.
a. make an adjusting entry to debit Interest Receivable and to credit Interest Revenue for the amount of interest accrued since the last interest receipt date.
b. do nothing special and ignore the fact that the accounting period does not coincide with the bond's interest period.
c. make an adjusting entry to debit Interest Receivable and to credit Interest Revenue for the total amount of interest to be received at the next interest receipt date.
d. notify the issuer and request that a special payment be made for the appropriate portion of the interest period.
Business
1 answer:
Serhud [2]3 years ago
5 0

Answer:

make an adjusting entry to debit Interest Receivable and to credit Interest Revenue for the amount of interest accrued since the last interest receipt date.

Explanation:

Adjusting entries are used at the end of an accounting period to assign income and expenses that has accrued.

In this instance when the interest reciept day comes after accounting period we need to recognise the amount of interest earned so far.

The amount accrued since last interest payment date is calculated.

This amount has been earned so it should be recognised as revenue. To do this we debit interest receivable and credit interest revenue.

You might be interested in
For what reason do you think fitzgerald interrupted gatsby’s story for the visit from the horseback riders? why doesn’t gatsby u
WARRIOR [948]
Fitzgerald wanted his novel to be mysterious. He need not give out all the information because he wanted the readers to be suspenseful regarding the story. Gatsby doesn't understand how he isn't welcome because he's too naive for thinking he is important.
5 0
2 years ago
At a price of $2,000 per unit, the demand for Rancho 60 mountain bikes from Peyton Bike's Inc. is 300 units, which is the number
MaRussiya [10]

<em>If the marketing managers at Peyton Bike's Inc. decide to sell each bike at a price lower than $2,000 per unit</em><em>, a shortage of bikes will be created.</em>

<h3>Why are bikes in short supply?</h3>

As a result, additional problems like plant shutdowns and disruptions as well as the unheard-of increase in bike orders during the peak of the coronavirus pandemic have added to the supply chain difficulties. The sector has never before experienced such a massive increase in demand as it has over the past two years.

learn more about<em> </em>shortage of bikes here <u>brainly.com/question/13000057</u>

#SPJ4

4 0
2 years ago
One of the four most fundamental factors that affect the cost of money as discussed in the text is the current state of the weat
borishaifa [10]

GOOGLE DUH IT 2019 PEOPLE AND ARETN U SUPPOSE TO BE IN SCHOOL KIDDO

3 0
3 years ago
What is meant by the term design mix -Business
Rina8888 [55]
Where its triangle which takes into account a basic design like economic structure etc....
5 0
2 years ago
There are four balls with the same size in a box. The balls are numbered 1, 2, 3 and 4. Sonya randomly picks up one ball, puts i
sveticcg [70]

Answer:

Explanation:

Here we have sampling with replacement. There are 4 x 4 = 16 out comes each with equal probability 1/16 .

The sample space being {1,2,3,4} {1,2,3,4} .

The random variable X representing the sum of the numbers on the balls has values from 2 to 8.

The other detailed steps and appropriate analysis is shown in the attached file.

7 0
3 years ago
Other questions:
  • A company makes travel umbrellas. Its fixed costs are $1000 a week and its variable costs for one batch of umbrellas per week is
    12·1 answer
  • Jack and Scotty begin negotiations where Scotty will give Jack hockey lessons for a certain amount of money per week. While they
    10·1 answer
  • Lisa and lena own a shop together. they are partners in their business of 2 years. lisa is a designer; lena is a seamstress. lis
    12·1 answer
  • intext:"The adjusting entry at the end of an accounting period to record the unpaid salaries of employees for work provided is"
    6·1 answer
  • Variable costs of production $50 per unit Variable costs of sales and administration $25 per unit Fixed costs of production $100
    13·1 answer
  • According to generally accepted accounting principles (GAAP), revenue is recognized as income when:
    7·1 answer
  • What is an appointment book used for?
    10·1 answer
  • DS Unlimited has the following transactions during August.
    14·1 answer
  • Housing subsidies for low-income households:__________.
    10·1 answer
  • The function that serves as an intermediary between an organization shipping a product and the actual carrier is.
    12·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!