He ledger contains a list of business transactions
Two are true.
Credit card transactions can impact your credit score. Credit cards also typically offer more fraud protection than debit cards.
Answer:
A. Raise the price and reduce the quantity of imports
Explanation:
A tariff can be defined as a specific tax levied on an imported good into the country. It is a tool to encourage buying of domestic goods. The method is that an increase in the price paid for importing goods would increase the price of the goods, thereby forcing Americans to buy goods made in America.
Answer:
June 1, 2022
Cash 262650 Dr
Bonds Payable 255000 Cr
Premium on bonds payable 7650 Cr
Explanation:
As the bonds with a face value of $255000 are issued at 103%, this means that they are being issued at a premium of 3 percent. The premium on bonds payable will be,
Premium on bonds payable = 255000 * 0.03 = 7650
We will debit the cash received from issuing the bonds that is face value of the bond plus premium. The cash receipt will be = 255000 + 7650 = 262650
The journal entry will be to be to debit cash and credit bonds payable and premium on bonds payable