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lbvjy [14]
3 years ago
13

You are a technician responsible for contact lens fabrication. You begin your first batch on Tuesday at 8:00 a.m. The actual len

s production time takes approximately 15 minutes with a hydration step lasting 24 hours and a sterilization step lasting 1 hour 30 minutes. If you adhere to this schedule, when will your first batch be ready for shipment?
SAT
1 answer:
Orlov [11]3 years ago
6 0

Answer: Wednesday 9:45 am

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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

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3. Dec 31, 2021

Debit Bonds Payable $12million

Credit Adjustment in fair value $12 million

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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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