Answer:
$73,500
Explanation:
Calculation to determine How much interest will Boston pay (in cash) to the bondholders every six months
Semiannual cash interest
payment =$2,100,000 × 7% × 1/2
Semiannual cash interest
payment = $73,500
Therefore How much interest will Boston pay (in cash) to the bondholders every six months is $73,500
Asset debits are recorded in the left debits column.
B. Raising or lowering interest rates and controlling the money supply.
Answer:
a.$46,000
Explanation:
A partner ship account records the transactions related to partnership. All transaction of withdrawal, Profit allocation etc. are recorded to determine the closing balance of each partner.
Ending Capital Balance = Beginning Capital balance + Income allocation for the year - withdrawals
Jordon's Ending Capital Balance = $40,000 + ( $40,000 x 0.5 ) - $14,000
Jordon's Ending Capital Balance = $40,000 + $20,000 - $14,000
Jordon's Ending Capital Balance = $46,000