Answer:
common stock = 29,000 credit
Explanation:
We will calculate the debits and credit and solve for common stocks:
Assets and expenses (debits)
cash 5,000
accounts receivable 12,000
furniture 10,000
expenses <u> 17, 500 </u>
Total 44,500
Now the credits which is liabilities, equity and revenues:
account payable 5,000
note payable 5,500
revenues 5,000
total 15,500
To balance common stock must made up the difference between debit and credit:
44,500- 15,500 = 29,000
Notes: from the expand accounting equation we can conclude which has debit and credit balance:
assets + expenses = laiblities + equity + revenues
this side is debit while this is credit
Your answer will be $57.85 and heres why ;)
9.2% of $52.98 is $4.78
$52.98+$4.78=$57.85
hope i helped
Answer:
$1,876
Explanation:
The computation of the amount of the interest expense is shown below:-
Year Annual Interest Principal Outstanding
Payments Amount 9% Amount
0 $30,000
1 $11,852 $30,000 × 9% $11,852 - $2,700 $30,000 - $9,152
$2700 $9,152 $20,848
2 $11,852 $20,848 × 9% $11,852 - $1,876 $30,000 - $9,976
$1,876 $9,976 $20,024
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Answer:
Market price of the bond = $912.53
Explanation:
YTM = 6.90%
Coupon rate = 5.87%
Number of compounding per year = 2
YTM Per perid = 0.0345
Years = 13
Number of period = 26 (Nper)
Par value = 1,000
Semi annual coupon rate = 0.02935
The semi annual coupon payment = Par value * Semi annual coupon rate = 1,000 * 0.02935 = $29.35
Market price of the bond = PV(YTM, Nper, Semi annual coupon payment,Par value)
Market price of the bond = $912.53