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Ratling [72]
3 years ago
12

Elston Company issued $500,000 of eight percent, 20-year bonds at 106 on January 1, 2010. Interest is payable semiannually on Ju

ly 1 and January 1. Through January 1, 2016, Elston amortized $5,000 of the bond premium. On January 1, 2016, Elston retired the bonds at 103 (after making the interest payment on that date). Prepare the journal entry to record the bond retirement on January 1, 2016.

Business
1 answer:
galina1969 [7]3 years ago
8 0

Answer:

Please see attachment

Explanation:

Please see attachment

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Anstead Co. is experiencing a decrease in sales and operating income for the fiscal year ending October 31, 2014. Ryan Frazier,
Sergeu [11.5K]

Answer:

Yes, Ryan Frazier is behaving in a professional manner.

Explanation:

Yes, Ryan Frazier is behaving in a ethical and professional manner because the company is following FOB point method when shipping goods it customers due to the fact that Ryan Frazier, controller of Anstead Co., has suggested that all orders received before the end of the fiscal year be shipped by midnight as the company follows merchandise FOB shipping points the company should go ahead and record the sales in the current year Octocber 31st due to the fact that FOB shipping point means that the buyer pays all cost incurred for the delivery of the goods once the goods has left the suppliers warehouse which makes the buyer to becomes the owner of the goods in transit when the goods are been shipped by the seller.

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3 years ago
If your company had an annual purchase cost of items equal to $2,000,000, an annual holding cost of $150,000 and an annual order
natima [27]

Answer:

c. Your fixed lot size was equal to the EOQ.

Explanation:

At economic order quantity, the Holding cost is equal Ordering cost . Since Holding cost is higher than the Ordering cost, less number of orders are placed and more inventory is being stored.

6 0
4 years ago
Kate purchased a townhome and obtained financing from Bank A on February 1, 2014. On April 1, 2014, she took out a home equity l
Yanka [14]

Answer:Bank B

Explanation:

Subordinate loan is a loan taken with a mortgage property, while the mortgagee takes first right on the property in case of defaults by mortgagor, the subordinate loan lender gets less piority to the mortgagee on default of the mortgagor.

In the above scenario Bank A is the mortgagee while Bank B entered into a subordinate loan. On the refinancing of the mortgage by Bank C it has taken the position of the mortgagee, while Bank B still holds the subordinate loan.

7 0
3 years ago
What is the main duty of the Federal Reserve?
Leno4ka [110]
Answer: A. Controlling inflation


Explanation: It controls inflation to avoid a recession.
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When some one or something solves  the problem
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