1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
egoroff_w [7]
3 years ago
13

When the market rate is 10%, a company issues $60,000 of 12%, 10-year bonds dated January 1, 2017, that mature on December 31, 2

026, and pay interest semiannually. When the bonds mature, the issuer records its payment of principal with a (debit/credit) to Cash in the amount of $ .
Business
1 answer:
Shkiper50 [21]3 years ago
8 0

Answer:

Credit, $60,000

Explanation:

Given,

Market rate = 10%

Face value $60,000 = Principal value.

When the bonds mature, the issuer records its payment of principal with credit to cash in the amount of principal value that is $60,000 because the bondholder will pay the principal with interest.

Therefore,

Bondholder will pay the $60,000 issued amount as principal because there is an additional interest amount needs to be paid.

It is credit because it is matured on the date of cash payment.

You might be interested in
The value proposition for the AARP brand is seen in what kinds of benefits for the members?
ankoles [38]

Answer:

ť⁶⁷⁸⁹

Explanation:

cuts BFF 26th myth bye

8 0
2 years ago
Beyond-the-Sea Corporation and Homeport Company make a deal for Homeport's products, via e-records. Under the UETA, an e-record
Gelneren [198K]

Answer: d. leaves the sender's control.

Explanation:

Under the Uniform Electronic Transaction Act(UETA), there are three conditions that must be met for an e-record to be considered sent and the relevant one here is that the e-record leaves the control of the sender.

It does this by entering into an information processing system that the sender does not control of.

The other requirements demand that the e-record be properly addressed to a system specified by the recipient and this system must be able to process said e-record.

4 0
3 years ago
Hello guys please follow me promise to follow back​
Zina [86]

Answer:

OK Sure! On brainly?

6 0
2 years ago
Read 2 more answers
Why are banks willing to lend funds to people?
padilas [110]
<span>Because interest income is usually the largest component of a bank's income, specifically for a commercial bank. (Investment banks earn more from fees and trading.)</span>
4 0
3 years ago
Read 2 more answers
Are futures a good way to save for a retirement?
Tomtit [17]
At Equitable, We Believe That The Best Plan For The Future is One Tailored To You. Equitable Can Help You Plan for the Future, No Matter How
6 0
3 years ago
Other questions:
  • What are three ways you can prevent others from committing check fraud with your check​
    13·1 answer
  • Identify and discuss from your findings any three areas which may lead to failure for Toyota south Africa
    5·1 answer
  • Jared told his boss, Maggie, that he is going to start training for the upcoming marathon to be healthier and to have more energ
    14·1 answer
  • Which of the following terms is correct?
    15·1 answer
  • At a price of $4 per unit, Gadgets Inc. is willing to supply 20,000 gadgets, while United Gadgets is willing to supply 10,000 ga
    11·1 answer
  • 11) A company knows that they will sell 80,000 cases of #2 Pencils at a steady rate over the course of the next year. It costs t
    12·1 answer
  • Gavina places products in several of the marketing channel categories. two examples of this are placement in​ mcdonald's in​ a(n
    9·1 answer
  • At January 1, Year 1, under its restricted stock unit (RSU) plan, Label Corporation grants RSUs representing 10,000 of its $1 pa
    13·1 answer
  • Centrifuge is a device used to separate solid components .true or false​
    15·1 answer
  • The market clearing price occurs at the ________ of the market demand curve and the market supply curve. It is also called the _
    5·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!