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wolverine [178]
3 years ago
10

Grocery Corporation received $300,328 for 11 percent bonds issued on January 1, 2018, at a market interest rate of 8 percent. Th

e bonds had a total face value of $250,000, stated that interest would be paid each December 31, and stated that they mature in 10 years. Required: Prepare the following table for each account by indicating (a) whether it is reported on the Balance Sheet (B/S) or Income Statement (I/S); (b) the dollar amount by which the account increases, decreases, or does not change when Grocery Corporation issues the bonds; and (c) the direction of change in the account [increase, decrease, or no change] when Grocery Corporation records the interest payment on December 31.
Business
1 answer:
AnnZ [28]3 years ago
5 0

Answer:

For A. and B see attached files

Explanation:

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Rama09 [41]

J.P. Morgan takes great satisfaction in its distinctive strategy for corporate responsibility. It works to make a difference that will last in our neighborhoods and provide everyone an opportunity to climb the economic ladder.

Why do you use the word "corporate"?

Corporate refers to a group of large enterprises or a specific large company. For corporate clients as opposed to private ones, interest rates are greater. Both the economy and business earnings are expanding. Corporate refers to a group of large enterprises or a specific large company.

Does "private" imply "corporate"?

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3 0
1 year ago
If omar company applies overhead to jobs on the basis of direct labor hours and job 3 took 120 hours, how much overhead should b
telo118 [61]
You multiply 3 by 120 to get $360 the answer is b. $360
6 0
3 years ago
On December 31, 2021, Larry's Used Cars had balances in Accounts Receivable and Allowance for Uncollectible Accounts of $64,000
Svet_ta [14]

Answer:

Bad debt expense                        6,500 debit

    Allowance for uncollectible account 6,500 credit

Explanation:

"determined that there should be an allowance for uncollectible accounts of $5,150 at December 31, 2022."

We need to recognize as much bad debt as it need to leave the allowance balance on our expected uncollectible account.

balance for allowance before adjsutment:

beginning - write-off = unadjusted allowance

1,250 - 2,600 = -1,350

expected balance - unadjusted balance = adjustment

                5,150      - (-1,350)                     =  6,500

Bad debt expense                        6,500 debit

    Allowance for uncollectible account 6,500 credit

5 0
2 years ago
The median annual household income in a certain community of 21 households is $50,000. If the mean income of a household increas
Ostrovityanka [42]

Answer:

answer is  Cannot be determined

Explanation:

given data

household income  = $50,000

increases =  10% per year

time = 2 year

solution

as we know that here mean is increase by 10 percentage

but from the mean  percentage increase in does not meaning that it will increase median also with same percentage

because median also increase by some percentage if data is move up

but we can not say it will move with same percentage

so here answer is  Cannot be determined from given data

5 0
3 years ago
The reason of taxation? ​
elena-14-01-66 [18.8K]

Answer:

The money you pay in taxes goes to many places. In addition to paying the salaries of government workers, your tax dollars also help to support common resources, such as police and firefighters. Tax money helps to ensure the roads you travel on are safe and well-maintained. Taxes fund public libraries and parks.

6 0
3 years ago
Read 2 more answers
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