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igor_vitrenko [27]
3 years ago
15

Brainliest? its rlly hard sat question

SAT
1 answer:
SpyIntel [72]3 years ago
8 0

Answer:

hiiiiiiiii

Explanation:

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Half of all traffic deaths happen within __________ miles of the driver's home.
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On january 1, 2021, rapid airlines issued $200 million of its 8% bonds for $184 million. The bonds were priced to yield 10%. Int
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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.

Learn more about journal entries here:brainly.com/question/14279491

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