Answer:
I think the answer is b
I'm sorry if my answers isn't helping
Answer:
Explanation:
The journal entry is shown below:
Cash A/c Dr $255,780 ($261,000 × 98%)
Discount on bonds payable A/c $5,220
To Bonds payable A/c $261,000
(Being the issuance of the bond is recorded)
We assume the par value is $100 but the bond is issued less than the par value i.e $98 so the difference would be debited to the discounts on bond payable
If you're looking for a formula then it would be y= 500x - 41 or f(x)= 500x -41
y=mx + b ; m = 500, b= -41
500 being the additional unit and -41 being the decreasing revenue.
- Miriam
Answer:
The adjusted balance of prepaid insurance is $ 1,600 and the statement is true.
Explanation:
A prepayment refers to payments made for which the benefit is to be received in the future. Common examples of prepayments are prepaid rent and prepaid insurance.
An adjustment is made at the end of an accounting period to reduce the prepaid balance to reflect the unused portion of benefit.
In the given question, $ 1,200 value of prepaid insurance had expired hence it is reduced from the pre adjusted balance of prepaid insurance.
Answer:
$6,200
Explanation:
A company has an equity of $9,000
The long term debt is $1,900
Net working capital is $2500
Fixed assets is $2,200
Therefore the amount of cash owned by the company can be calculated as follows
= $2500+$2200
= $4,700
= $9000-$4700
$4300
= $4300+$1900
= $6,200
Hence the amount of cash owned by the company is $6,200