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Phoenix [80]
3 years ago
7

Ruben Company purchased $100,000 of Evans Company bonds at 100 plus $1,500 in accrued interest. The bond interest rate is 8% and

interest is paid semiannually. The journal entry to record the purchase would be:_____.a. debit Investment-Evans Company Bonds, $100,000; credit Cash $100,000 b. debit Investment-Evans Company Bonds, $101,500; credit Cash, $101,500 c. debit Investment-Evans Company Bonds, $100,000, and Interest Receivable $1,500; credit Cash $101,500 d. debit Investment-Evans Company Bonds, $100,000; credit Interest Revenue, $1,500, and Cash, $98,500
Business
1 answer:
Damm [24]3 years ago
3 0

Answer:

c. debit Investment-Evans Company Bonds, $100,000, and Interest Receivable $1,500; credit Cash $101,500

Explanation:

c. debit Investment-Evans Company Bonds, $100,000, and Interest Receivable $1,500; credit Cash $101,500

The interest is due on bonds of $ 100,00 so it is added to the total amount.

The other choices are incorrect as A does not account for interest due.

B does not indicate the amount of interest separately. D is wrong as interest is again deducted from the total of bonds also they are credited it is receivable not payable

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3 years ago
When cities prevent landlords from charging market rents, which of the following are common long-run outcomes? Check all that ap
Thepotemich [5.8K]

Answer:

a. The quality of rental housing units falls

c. The quantity of available rental housing units falls.

Explanation:

As the landlord cannot receive a desired return for their investment they will stop improving and doing proper maintenance of the property to obtain it.

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3 years ago
An item owned by a house hold or business that has a monetary value
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Its an asset of the household or business.
4 0
3 years ago
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What is the return on common stockholdersâ equity based on the following: Beginning Common Stockholdersâ Equity: $10,317,000 End
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Answer:

13.28%

Explanation:

return on stockholders' equity = net income after taxes and preferred stock dividends / average stockholders' equity

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Answer:

d.both answers 1 and 3 occur.

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