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
Burka [1]
3 years ago
7

A.Red Company has excess cash to invest and pays Ş 50.000 to buy Ş 50.0000 face value, % 5 five-year B Company’s bonds July 1, 2

019. Red Company plans to hold the bonds until maturity.
B. On December 31, 2019 Red Company receives the first interest payment on the bond investment.

C. When Red Company disposes of the bonds at maturity on June 30, 2024, it will receive the face value of the bonds. Assuming that the last interest payment has been recorded, the entry is:


WHAT IS JOURNAL ENTRY?​
Business
1 answer:
likoan [24]3 years ago
4 0

Answer:

Dr Bond investment   $50,000

Cr  cash                                          $50,000

Dr cash                               $1,250

Cr interest revenue                            $1,250

Dr cash                          $50,000

cr bond investment                       $50,000

Explanation:

On July 1 2019,Red company would have parted with cash of $50,000 which means that cash account should be credited with $50,000 while bond investment account is debited with same amount

On receipt of first interest payment of $1,250 (5%*$50,000*1/2) cash is debited with $1,250 while interest revenue is credited with the same amount.

Upon receipt of face value at redemption,the journal entry would be opposite of the initial one

You might be interested in
Drag and drop the steps of the DG pickup process into the correct order then click submit
Sedaia [141]

The steps of the DG pickup process which are put into the correct order are as follows:

  1. Download and Install the DG application
  2. Make enquiries on whether the particular store makes use of DG pickup
  3. Make an order and reserve a time slot
  4. Add the items to the virtual cart
  5. Put the digital coupons of the DG pickup
  6. Checkout

<h3>What is a Pickup Service?</h3>

This refers to a type of service which is used to deliver goods from one location to a customer at his preferred location.

With this in mind, we can see that the correct steps of making use of online pickup service such as DG pickup is shown as there needs to be the installation of the app, then to add the items to the cart and finally checkout.

Read more about pickup services  here:
brainly.com/question/6855095

8 0
2 years ago
1. Cooper and Brandy are married and file a joint income tax return with two separate Schedule Cs. Cooper is an independent secu
Nina [5.8K]

Answer:

the total deductions on their schedule Cs for special clothing and uniforms is <u>$750</u>

Explanation:

Now you have to know that Brandy's jeans and her laundry cannot be deductible. if her shirt is to be deductible,then it should have the id of the company on it. But we are told that they are just regular work wears.

the calculations are as follows:-

cooper's uniform through the year = $395

cooper's laundry = $175

cooper's altering allowances = $65

Brandy's safety glasses and shoes when working = $115

summing these up

395 + 175 + 65 + 115

= $750

the total deductions on schedule Cs is $750

<u>note:</u>

<u>note:the second question you posted is the same as the first. so the answer is the same</u>

5 0
3 years ago
New England Co. had net cash provided by operating activities of $351 ,000; net cash used by investingactivities of $420,000; an
Ira Lisetskai [31]

Answer:

d. $248,000

Explanation:

beginning cash balance            27,000

operating activities 351,000

investing activities (420,000)

financing                 250,000

cash generate during the year 181,000

ending cash balance                208,000

<u>Note:</u>

The information of the sale of land is contained with the investment activities.

The proceeds from sales are in the operating activities.

<u>We just need to calculate using the total for each activity.</u>

7 0
3 years ago
If a company has very competent workers, a well-established set of standard operating procedures, and few expected problems, wha
Nataly_w [17]

Answer:

Wide span of management.

Explanation:

Wide span of management involves a single manager overseeing a large number of employees, and this gives rise to a flat structure. A manager's span of control is the number of subordinates he supervises.

This form of management is ideal if employees are very competent, there is well defined standard operating procedure, and there is low expectation for problems.

In this situation there is no need for many managers as the employees to a large extent manage themselves effectively to meet set goals.

5 0
3 years ago
Darlene and her friends get together for lunch after work. While at lunch, the friends discuss what they can do to solve the pro
Luba_88 [7]

Answer: B. Darlene and her friends are engaging in concerted activity since they are discussing how to improve working conditions.

Explanation:

Concerted Activity refers to activity that employees may engage in when they are trying to improve the conditions at their workplace without fear of Employer retaliation. Federal Law by the National Labor Relations Act protects the ability of workers to be able to meet and discuss how they can improve conditions and Employees do not even have to be in a Union to engage in such.

When engaged in a Concerted action, the employer has no right to in any way threaten your employment.

Darlene and her friends' actions are therefore considered a concerted activity as they are meeting to discuss how to improve a workplace problem.

7 0
3 years ago
Read 2 more answers
Other questions:
  • During 2017, Windsor Company changed from FIFO to weighted-average inventory pricing. Pretax income in 2016 and 2015 (Windsor’s
    12·1 answer
  • Mike is considering investing $18,500 in an investment that will have a maturity value of $32,500 in 8 years. if the interest is
    8·1 answer
  • Morin Company's bonds mature in 10 years, have a par value of $1,000, and make an annual coupon interest payment of $60. The mar
    10·1 answer
  • 24. You have saved $4,000 for a down payment on a new car. The largest monthly payment you can afford is $350. The loan will hav
    6·1 answer
  • Who among the following is an operational leader? a. Joanna, who is firm and dependable with respect to delivering results b. Ke
    7·1 answer
  • The term for a rise in prices of general consumer goods is
    15·1 answer
  • g "If the unit sales price is $16, variable costs are $4 per unit and fixed costs are $14,000, how many units must be sold to ea
    8·1 answer
  • Describe two methods you would use to find potential employees if you were in charge of advertising a job for a company. Explain
    10·1 answer
  • Which type of diversity might be an issue in the situation described in the case
    7·1 answer
  • The distribution of a percentage of a firm's profits among its employees is called?
    9·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!