Answer and Explanation:
The journal entry is shown below:
Interest Expenses $ 40,570
To Discount on bonds payable {($882,000 - $829,100) ÷ 10 years} $5,290
To Cash $35,280
(Being the interest expense is recorded)
For recording this we debited the interest expense as it increased the expenses and credited the discount on note payable and cash as it decreased the assets so cash is credited
Answer:
1.c. it helps to estimate the amount to be borrowed or loans to be repaid during a period
2. d. purchases
3. d. solvency level
4.b. footnotes
Before. Approval for payments should always take place before those payments are made. Imagine if you took your parents credit card and didn't ask for permission until after you spent money online.
A. consumers need to be better informed about what services are available and what those services cost.
