The journal entry to record each semiannual interest payment is:
Debit Bond Interest Expense $22,000; credit Cash $22,000.
<h3>
What journal entries?</h3>
- A journal entry is an act of keeping or producing records of any economic or non-economic transaction.
- An accounting journal, which shows a company's debit and credit balances, records transactions.
- The journal entry can be made up of multiple records, each of which is either a debit or a credit.
- Otherwise, the journal entry is termed unbalanced if the sum of the debits does not equal the total of the credits.
- For example, a corporation may issue 8%, 15-year bonds with a par value of $550,000 that pay semi-annual interest. The market rate is currently 8%.
- The journal entry for each semiannual interest payment is as follows: Debit Bond Interest Expense $22,000; credit Cash $22,000.
Therefore, the journal entry to record each semiannual interest payment is:
Debit Bond Interest Expense $22,000; credit Cash $22,000.
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Answer: Full service
Explanation:
The full service retailing is the process which mainly focus on the services during the production of the products or goods rather than the goods.
The full service retailing mainly focus on storing the informative sales that focus on the high retaining prices and it is customer friendly. The full service retailing is the relationship between the services provider and the customers.
According to the given situation, the Bruce situation clearly depict about the full service retailing process.
<span>Those farmers in the
developing countries demand reduced subsidies because subsidized agricultural
products from United States lead to an abundance or surplus of global agriculture.
This surplus eventually leads to the prices in developing countries to lower, as
a result of which the developing country farmers have to suffer.</span>
The answer would be a written memo. On the off chance that the client is a partner, the arrangement is normally considerably more adaptable. At its most fundamental level, an update can be a manually written note to one's chief. In business, an update is ordinarily utilized by firms for inner correspondence, rather than letters which are regularly for outside correspondence.
<span>Typically, a corporation is considered to be a unique and seperate entity from it's Board Directors and Shareholders. "Piercing the corporate veil" is the act of legally holding those Directors or Shareholders personally liable and responsible for the Corporation's actions or liabilities.</span>
