<span>1. journalize the entry to record the amount of cash proceeds from the issuance of the bonds on july 1, 2016.
Cash 42,309,236 Discount on bonds payable 3,690,764 Bonds payable 46,000,000
</span><span>2. journalize the entries to record the following: a. the first semiannual interest payment on december 31, 2016, and the amortization of the bond discount, using the straight-line method. (round to the nearest dollar.
Interest Expense 2,327,007.98 Discount on Bonds Payable 92,269.10 Cash 2,234,738.88
b. the interest payment on june 30, 2017, and the amortization of the bond discount, using the straight-line method. (round to the nearest dollar.
</span>nterest Expense 2,327,007.98 Discount on Bonds Payable 92,269.10 <span> Cash 2,234,738.88 </span><span> 3. </span><span>determine the total interest expense for 2016. </span>42,309,236 x 11% = 4,654,015.96 annual interest expense 4,654,015.96 x 6/12 = 2,327,007.98 semi annual expense
Price knowledge - it is referred to as the deep knowledge of the price of the product. it helps in marketing tactic that is used to persuade the customer. it helps in negotiating with the customer on the price.
For example - to persuade potential customers, the salesman should have a broad knowledge of the price of the product so that if customers are ready for buying the product then the additional discounts can offer to lure them.
The people of Texas authorize the borrowing of money on behalf of government through:
Special Elections
Explanation:
The special elections generally are held to fill the vacant seat of member of house of representative in case of death or resignation and are called by the governor.
The special elections in Texas are held to fill the vacant seat of member of house of representative, to give approval for the borrowing of money on the behalf of government and to ratify the amendments occurred in the constitution of the state.
