Answer:
Dr Cash $3,100,000
Cr Bonds payable $3,100,000
Explanation:
Since the bonds were issued at face value of $1000 each,the cash proceeds received from the entire issue of 3,100 bonds can be computed thus:
Cash proceeds=$1000*3,100=$3,100,000
The cash proceeds imply that cash inflows have increased by $3,100,000, as a result cash account should be debited with $3,100,00o while the same amount is credited to bonds payable since an increase in debt obligation should be a credit entry.
The demand for a product is likely to be more elastic if
there is a presence of more time passes which is letter c. As a demand of a
product will likely be affected with the price changes over the period of time. It is because a demand elasticity occurs when there is a
presence of change in regards to the demand for goods, such examples are the
income of the consumer.
Answer: Option B
Explanation: Safeguarding inventory refers to keeping proper records of inventory and protecting it from any kind of damage that may result in loss to the organisation.
The main objective behind safeguarding inventory is to minimize loss of the organisation that is keeping it.
In the given case, second option is the purchase return and it could not be considered a default of the purchaser of inventory.
Hence from the above we can conclude that the correct option is B.
