The journal entry to record each semiannual interest payment is:
Debit Bond Interest Expense $22,000; credit Cash $22,000.
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What journal entries?</h3>
- A journal entry is an act of keeping or producing records of any economic or non-economic transaction.
- An accounting journal, which shows a company's debit and credit balances, records transactions.
- The journal entry can be made up of multiple records, each of which is either a debit or a credit.
- Otherwise, the journal entry is termed unbalanced if the sum of the debits does not equal the total of the credits.
- For example, a corporation may issue 8%, 15-year bonds with a par value of $550,000 that pay semi-annual interest. The market rate is currently 8%.
- The journal entry for each semiannual interest payment is as follows: Debit Bond Interest Expense $22,000; credit Cash $22,000.
Therefore, the journal entry to record each semiannual interest payment is:
Debit Bond Interest Expense $22,000; credit Cash $22,000.
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The south state in which region obtain more of their revenue from the federal government than do most other states. In spite of the fact that numerous southern state receives a higher percentage of their revenues from the federal government that other regions, the south as a whole has traditionally delivered fewer government services. Part of the details why southern states dominate the most dependent classification is historical. Throughout the many years in the 20th century south was solidly self-governing its congressional legislative body in both the house and the senate was delight in great seniority that came to hold leadership positions on influential committees which they used to send federal dollars back to their home states in the form of contracts, projects and installations.
This shows a lack of responsibility. This is because he has a job to do and he is a just taking a break and being lazy. I don’t know if this is right. But, I hope so. Hope this helped you!!
Answer:
$171,941
Explanation:
Cash out = $921,941. 2. Interest earned by the investment = $171,941.
