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
seropon [69]
3 years ago
7

Ayayai Corp. redeemed $158,000 face value, 12% bonds on April 30, 2022, at 102. The carrying value of the bonds at the redemptio

n date was $142,674. The bonds pay annual interest, and the interest payment due on April 30, 2022, has been made and recorded.
Required:
Prepare the appropriate journal entry for the redemption of the bonds.
Business
1 answer:
Makovka662 [10]3 years ago
3 0

Answer and Explanation:

The journal entries are given below:

On 30-Apr

Bond Payable [$158,000]                  158,000  

Loss on Bond redemption [$161,160 - $142,674]                   18,486  

       Discount on bonds payable                    15,326

       Cash [$158,000 × 102%]                   161,160

[being the redemption of the Bond is recorded]  

Here the bond payable and loss is debited as it decreased the assets and increased the losses and credited the cash & discount on bond payable

You might be interested in
Which clause protects proceeds from creditors of the beneficiary?
Inga [223]
The answer is spendthrift clause. It is a trust that is produced for the benefit of a person that gives an independent trustee full authority to make decisions as to how the trust funds may be spent for the benefit of the beneficiary. Creditors of the beneficiary usually cannot reach the money in the trust, and the funds are not actually under the control of the beneficiary. Also,  it prevents the beneficiary's reckless spending of benefits.
8 0
3 years ago
Which of the following is normally a lawful question to ask during an employment interview?
lisov135 [29]
Your answer is...............d. If you were starting college all over again, what courses would you take?
7 0
4 years ago
Risk pooling is a strategy that attempts to use fewer warehouses to decrease the required safety stock levels since the negative
shepuryov [24]

Answer: (A) True

Explanation:

    Yes, the given statement is true that the risk pooling is one of the type of strategy which basically helps in explaining about the demand variability and also decrease the aggregate demand variance in the market.

 The main objective of the risk pooling is to maintain the inventory stock level and also avoiding the out of stock situation in the management.

By using the risk pooling strategy the various types of warehouse and companies are reduce the level of safety stock in the supply chain management and also transferring their risk to another organization such as insurance company.

 Therefore, the given statement is true.

6 0
3 years ago
Given the following make-buy information, what would be the break-even point?Make Option Buy OptionFixed Costs $15000$1250Variab
grin007 [14]

Answer:

d. 2750 units

Explanation:

The break-even point occurs when the make option cost equals the buy option cost. The number of units 'x' needed in order for both options to yield the same costs is given by:

\$15,000+x*\$5=\$1,250+x*\$10\\\\x=\frac{\$15,000-\$1,250}{\$10-\$5}\\\\x=2,750\ units

The break-even point is 2,750 units

3 0
3 years ago
A rapid transit vehicle manufacturer produces two types of vehicles that have different dynamic characteristics and door I capac
Komok [63]

Capacity ratio is a comparison of the number of working days in the budgeted period as well as the actual number of working days in the same period.

<h3>What is the capacity ratio?</h3>

Your information is incomplete. Therefore, an overview of the capacity ratio will be given.

Capacity ratio defines to show the capacity. The capacity utilization ratio simply measures whether the total direct labor hours worked in a production cost center in a period was either greater or less than what was budgeted.

It is calculated as:

= (Actual direct labor hours worked/budgeted direct labor hours) × 100%.

Learn more about capacity ratio on:

brainly.com/question/26092288

4 0
3 years ago
Other questions:
  • The selling and administrative expense budget of Gullette Corporation is based on the number of units sold, which are budgeted t
    8·1 answer
  • Why is your amount owed considered when determining your credit score?
    10·1 answer
  • In 2016, Southwest Airlines had negative net working capital of $(2,346) million and current assets of $4,498 million. The firm’
    9·1 answer
  • Sarah owns Fine Cuts hair salon. Hairdressers each rent a chair in the salon where they can style customers' hair, and Sarah pro
    14·1 answer
  • Use the following selected information from Wheeler, LLC to determine the 2017 and 2016 trend percentages for net sales using 20
    11·1 answer
  • A treasury___is issued by the US government, and is considered very safe. The options are:
    12·1 answer
  • Bay City Company’s fixed budget performance report for July follows. The $440,000 budgeted total expenses include $300,000 var
    8·1 answer
  • Which of these is NOT a concern for consumers in times of inflation?
    14·1 answer
  • when attending a networking event, question 23 options: meet one person and make sure they understand what your business is. tel
    12·1 answer
  • From the consumer’s perspective, the elements of an imc strategy can be viewed as being either.
    15·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!