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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

You might be interested in
Harmony Company sells handminusknit scarves. Each scarf sells for $ 45. The company pays $ 70 to rent vending space for one day.
choli [55]

Answer:

2.12, rounded up to 3

Explanation:

To solve the equation, we first need to set up an equation.

Let x represent the number of scarves. We want one side of the equation to be the amount earned and the other to be the cost

45x is how much they earn since each scarf is $45

70+12x is how much they cost for rent and production

45x=70+12x

Subtract 12x from both sides

33x=70

Divide both sides by 33

x=2.12

It says we should round up so 3 scarves to break even

5 0
3 years ago
The Equal Employment Opportunity Act gave the Equal Employment Opportunity Commission the authority to:
erastovalidia [21]

Answer:

issue guidelines for employer conduct in administering equal employment opportunity programs.

Explanation:

This act known as the The Equal Employment Opportunity Act was enacted to check discrimination and unfair treatment against minorities such as African Americans. This act has given the right to sue whenever any form of discrimination based on race, skin color, religious affiliation is found in the work place.

Therefore the correct answer is issue guidelines for employer conduct in administering equal employment opportunity programs.

7 0
3 years ago
Can you become a marketing manager with a psychology degree
ozzi

Based to what I know you can, cause marketing manager is lower than psychology degree.

to be honest It depends in the person but the answer for this is YES and No. but if you want to make sure what's the answer wait for another person to answer the question what I just want to do is to answer your question and I hope that I help for this question.

6 0
3 years ago
Records at Hal’s Accounting Services show the following costs for year 1. Direct materials and supplies $ 40,000 Employee costs
ruslelena [56]

Answer:

See answers below

Explanation:

a. Direct materials & supplies  $40,000 = $40,000 × 110%

= $44,000 × 20,000/25,000

= $35,200

Employee costs = $2,900,000 × 105%

= $3,045,000 × 20,000/25,000

= $2,346,000

Variable overhead = $600,000 × 100%

= $600,000 × 20,000/25000

= $480,000

Fixed overhead = $700,000 × 105%

= $735,000

b. Total costs per unit year 2 =

$3,596,000 / 20,000

= $179.81

6 0
3 years ago
​Hunter's Home Remodeling had cash sales for the month of May totaling​ $43,700. Hunter offers a 1−year warranty on its construc
Angelina_Jolie [31]

Answer:

warranty expense      2,622 debit

        warrant liability                       2,622 credit

Explanation:

it will declare a warranty liability equal to the expected cost of the warrant. This is done to match the expenses with the time they occur.

Because, the warrants will be claimed in the subsequent years or the sales made this period.

warrant liability/expense:  43,700 x 6% = 2,622

6 0
3 years ago
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