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3 years ago

10

Which of the following government actions would increase the supply of cars in the United States?a. the establishment of an exci

se tax on carsb. an end to subsidies to automakersc. the removal of car mileage regulationsd. the establishment of quotas on imported cars

1 answer:

yaroslaw [1]3 years ago

5 0

I think it would be the third option

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On January 1, a company issues bonds dated January 1 with a par value of $380,000. The bonds mature in 5 years. The contract rat

Pavlova-9 [17]

Answer:

See explanation

Explanation:

Selling Price of Bonds =396,210

Journal Entry

Date Account Title and Explanation Debit Credit

1 Jan Cash $396,210

Bond payable $380,000

Premium on bond payable $ 16,210

(To record issuance of bond)

Working

Premium On Bonds Payable = Selling Price of Bonds - Value of Bonds

= $396,210 - $380,000 = $ 16,210

Interest payment:

Semi-annual interest = 7%× 380,000× 1/2 =13,300

Date Account Title and Explanation Debit Credit

June 30 Bond interest expense $13,300

Cash $13,300

(To record semi annual interest paid on bond)

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