The journal entry to record interest on June 30, 2021 is: Debit Interest expense $8million; Credit Cash $8 million.
<h3>Journal entries</h3>
Rapid airlines Journal entries
1. June 30, 2021
Debit Interest expense $8million
Credit Cash $8 million
[($200 million ×8%) ×6/12]
2. Dec 31, 2021
Debit Interest expense $8 million
Credit Cash 8 million
[($200 million ×8%) ×6/12]
3. Dec 31, 2021
Debit Bonds Payable $12million
Credit Adjustment in fair value $12 million
($200 million - $188 million)
Inconclusion the journal entry to record interest on June 30, 2021 is: Debit Interest expense $8million; Credit Cash $8 million.
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The answer is Market analysis
Answer:
The estate population resent the second estate Leading to conflict specifically because taxes were the least and power was the most for the Second Estate. Their large population gave them the most influence. Members of the Second Estate were clergymen and had access to the king. Wealth belonged to the Second Estate and it sought to be distributed fairly.
