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Anettt [7]
2 years ago
5

Assume that on July 1, Jerome, Inc., paid $100,000 to buy Potter's 8 percent, two-year bonds with a $100,000 par value. The bond

s pay interest semiannually on December 31 and June 30. Jerome intends to hold the bonds until they mature. Complete the necessary December 31 entry to record.
Business
1 answer:
Alinara [238K]2 years ago
5 0

Answer:

Dr Potter's 8% Bonds 100000

Cr Cash 100000

Dr Cash 4000

Cr Interest from Bonds 4000

Explanation:

Preparation of the journal entry to Complete the necessary December 31 entry to record

July, 1

Dr Potter's 8% Bonds 100000

Cr Cash 100000

(Being 8% Bonds purchased)

December, 31

Dr Cash 4000

Cr Interest from Bonds 4000

(100,000*8%*1/2)

(Being Interest received on 8% Bonds)

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Answer:

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Explanation:

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Jacob is an accounting clerk whose favorite phrase is "whatever the boss wants." jacob will do whatever his boss requests, witho
vekshin1

Jacob is an example of a conformist follower. These kind of followers are also known as the yes people. The explanation behind this is a conformist contributes enthusiastically in a relationship with the boss but doesn't use critical thinking abilities. In other words, a conformist naturally transmits out any and all orders notwithstanding of the environment of the demand. The conformist contributes willingly, but without seeing the costs of what he or she is being requested to do. A conformist is worried only with evading conflict.

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Explanation:

Hope my answer helped :)

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