Answer:
The answer is A. Management has properly recorded the transaction.
Explanation:
According to the given data Since the note is non interest bearing, no interest will be paid on the bond.
Therefore, asset will be debited and note payable will be credited by the full amount.
Therefore, the Management has properly recorded the transaction.
The joural entry would be as follows:
Debit Credit
asset $100,000
note payable $100,000
Answer: Gluten develops as flour is mixed with liquid and forms strong, elastic strands that crisscross in a springy mesh, or weave, of tiny cells. The cells trap air or gas in the baked product. As the product bakes, cells expand with heated air or gas.
Brainliest Please!
Answer:
A) to determine the cost of the asset being depreciated we must use the first year's depreciation using the double declining method to find 40% of the asset's value:
40% of the asset's value = $29,200
asset's value = $29,200 / 40% = $73,000
B) salvage value = asset's value - total depreciation = $73,000 - $65,700 = $7,300
Answer:
Unroasted, or green, coffee beans comprise one of the most traded agricultural commodities in the world; the commodity is traded in futures contracts on many exchanges, including the New York Board of Trade, New York Mercantile Exchange, New York Intercontinental Exchange, and the London International Financial Futures ..
Explanation:
~Jane~
Answer:
Date Account titles and explanation Debit Credit
1-1-21 Bond interest payable $46,000
Cash $46,000
(To record payment of interest)
1-1-21 Bond payable $155,000
Loss on redemption bond $15,500
(155,000/100*10)
Cash $170,500
(To record bond redemption)
31-1-21 Interest expenses $36,450
Bond interest expenses $36,450
(560,000-155,000)*9%
(Adjusting entry to accrue the interest on the remaining)
