Answer:
b
Explanation:
im bored but that the answer dawg
A franchise fits the description of Sam's Club
Answer D
Answer:
C is the correct answer to this question.
Answer:
Jan 1, 2018 Cash $185400
Premium on Bond Payable $5400
Bonds Payable $180000
( Issued bond at premium)
Explanation:
Bond is liability that required to be paid after certain period of time. The company issue bonds either on premium, par and discount. Micheal unlimited issue the bond on the premium that indicates that company will receive more amount on the issuance of bond compare to its par value. Therefore, The entry reflects the position cash company generate using the Premium method of accounting while premium will amortized over the period using the straight line amortization method.