1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Black_prince [1.1K]
3 years ago
12

Presented below is a partial amortization schedule for Discount Foods: Interest Increase in Carrying Period Cash Paid Expense Ca

rrying Value Value Issue Date $ 74,100 1 $ 2,700 $ 2,964 $ 264 74,364 2 2,700 2,975 275 74,639 Required: 1. & 2. Record the bond issue assuming the face value of bonds payable is $85,000 and first interest payment. (If no entry is required for a particular transaction/event, select "No Journal Entry Required" in the first account field.)
Business
1 answer:
ratelena [41]3 years ago
4 0

Answer:

Dr cash                                     $74,100

Dr discount on bonds payable $10,900

Cr Bonds payable                                  $85,000

The interest expense

Dr interest expense                 $2,964

Cr discount on bonds payable              $264

Cr cash                                                    $2,700

Explanation:

From the amortization presented in the question,the present value of the bonds,which is proceeds received from bond issues was $74,100,which implies that the bonds were issued at a discount of $10,900 ($85,000-$74,100).

The entries for the bond issue would a debit of $74,100 to cash while a debit of $10,900 is posted to discount on bonds payable.The credit to bonds payable account would the face value of $85,000

You might be interested in
Sarah, a famous pianist, is told that she will have to undergo brain surgery that could result in partial paralysis of her right
erma4kov [3.2K]

Answer:

Yes, Sarah can revoke the gift to her friend.

Explanation:

Gift is the transfer of property from one person, usually the donor(giver) to another person, donee(receiver) without expecting any thing like compensation in return. Gift can be given or transfered to either an individual or organization.

A gift can be revoked by the donor in law. Such gift is called Causa Mortis Gift.

Causa Mortis Gift is a gift given or transfered in expectation of death of the donor. Where a donor gives out his/her gift during the course of undergoing major surgery, such could also be called Causa Mortis Gift. This type of gift can be revoked anytime before the donor's death or recovery from surgery or illness and cannot be revoked after his/her death.

3 0
3 years ago
When Coca-Cola saw the growth of the bottled water category, they launched Dasani, its brand of bottled water. Which brand devel
kolbaska11 [484]

Answer: New brand.

Explanation:

The Coca-Cola company launched it's new brand of bottled water into the market. A brand is a name given to a particular product/service by which it can easily be identified.The Disani water is a new brand introduced into the market by which the Coca-Cola water products would be identified.

3 0
3 years ago
Every 10 years, the federal government sponsors a national survey of health and health practices (nhanes). one question in the s
kykrilka [37]

The scale of measurement used here is an ordinal scale.

Ordinal scales ask participants to rate things like satisfaction, happiness, comfort. etc. The important thing to remember about this scale is that the order of the values matter the most. For example: we know that a 5 is better than a 1, but we are unsure of exactly how much better. This difference cannot be quantified or measured exactly. An easy way to remember this one is that ordinal sounds like "order" and that is what this measure is used for- putting things in order.

The most common form of ordinal measures is the Likert Scale. The question is an illustration of a Likert Scale.

7 0
4 years ago
You purchased XYZ stock at $50 per share. The stock is currently selling at $80. You expect the stock price to go up, but not 10
Anton [14]

Answer:

"Stop-loss order" is the right answer.

Explanation:

According to the question,

Purchase price,

= $50

Current selling price,

= $80

Current gains,

= $30

  • Investors begin to give their earnings if somehow the market capitalization begins to fall beneath $80. In advance to minimize this, we need to set a purchase requisition of $80 for stop-loss.
  • So whenever the market decreases beyond $80, with us investments are traded, and thereby the existing profits of $30 have been safeguarded.

Thus, the above is the correct explanation.

4 0
3 years ago
The following information is for S Corp first year of operations. Amounts are in millions of dollars. The enacted tax rate is 25
baherus [9]

Depreciation Expense  $ 4

<h3>What is Depreciation?</h3>

Depreciation in accounting refers to two aspects of the same concept: First, the actual decrease in the fair value of an asset, such as the annual decrease in the value of factory equipment.

The claim for depreciation on assets used by the assessee for the purpose of business or profession during the previous year. If an asset has been in use for more than 180 days, depreciation of 50% is allowable in that year.

Depreciation in Action - If a company purchases a delivery truck for Rs. 100,000 and expects to use it for 5 years, the company may depreciate the asset at a rate of Rs. 20,000 per year for a period of 5 years.

To know more about Depreciation follow the link:

brainly.com/question/25806993

#SPJ4

6 0
2 years ago
Other questions:
  • Quuizlet the two common methods of processing credit and debit card transactions are
    6·1 answer
  • Monthly sales are​ $530,000. Warranty costs are estimated at​ 5% of monthly sales. Warranties are honored with replacement produ
    10·1 answer
  • After hearing test results from her doctor, erin realized her weight was really impacting her health. with respect to the proces
    11·1 answer
  • Another firm, called Robbem Power &amp; Water, an established public utility company, has been paying dividends for the past 20
    6·1 answer
  • When money is used to express the market value of goods and services it is functioning as a:?
    5·1 answer
  • A chemist is studying the effect of acid rain on the steel in bridges. why would she most likely use rate laws in this study?
    5·1 answer
  • Economics is about allocating resources for doing which of the following processes involving goods and services
    7·1 answer
  • Activists believe that ________. it takes a very long time to reach the long run frictions to the self-correcting mechanism of m
    14·2 answers
  • Stacey was invited to become a member of the class project team because the other members knew she had a high GPA and worked har
    6·1 answer
  • In tort law, what is proximate cause?
    9·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!