Answer:
remember that molly has a $2500 down payment saved for this purchase the dealer will take $500 cash allowance straight off her total how much does molly need
Explanation:
Molly needs = Down payment + Cash Allowance
=\$2500+\$500=$2500+$500
Molly Needs= \$3,000.=$3,000.
Constitution has something called Bill of Rights which are your rights. Also, Supreme Court (Judicial branch) is there to interpret the laws. They can declare a law unconstitutional and all disputes between individual and government are settled in Supreme Court.
Answer and Explanation:
The journal entries are shown below:
On Jan 1
Cash $400,000
To Bonds payable $400,000
(Being the bond is issued for cash)
For recording this we debited the cash as it increased the assets and at the same time it increased the liabilities so the bond payable is credited
On July 1
Interest expense $14,000
To Cash $14,000
(Being the payment of interest is recorded)
The computation is shown below:
= $400,000 × 7% × 6 months ÷ 12 months
= $14,000
For recording this we debited the expenses as it increased the expenses and at the same time it decreased the assets so the cash is credited
On Dec 31
Interest expense $14,000
To Interest payable $14,000
(Being the accrual of interest is recorded)
For recording this we debited the expenses as it increased the expenses and at the same time it increased the liabilities so the interest payable is credited
Answer:
A long-term investment.
Explanation:
The land should be classified as a long-term investment.
This is an asset owned by the company, that it intends to keep for more than a year. This asset is usually recorded on the asset side of a company's balance sheet.
It is the opposite of short-term investment which is sold within one year.
