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
elixir [45]
3 years ago
10

Jones Company issued $500,000 of 5%, 10-year bonds payable at a price of 92. The market interest rate on the date of issuance wa

s 6%, and the bonds pay interest semiannually. The journal entry to record the first semiannual interest payment using the effective interest amortization method is:
Business
1 answer:
Daniel [21]3 years ago
5 0

Answer:

Date                     Account Title                                       Debit              Credit

XX-XX-XXXX       Interest expense                               $13,800

                            Discount on bond payable                                        $1,300

                            Cash                                                                           $12,500

Working      

The bonds were issued at a price of 92 which means they were issued at:

= 500,000 * 96/100

= $460,000

Interest expense

= Issue price * interest rate * 6/12 months

= 460,000 * 6% * 6/12

= $13,800

Cash:

= Bond price * coupon rate * 6/12

= 500,000 * 5% * 6/12

= $12,500

You might be interested in
The task of securing all necessary personnel, space, and financing; supervising all production and promotion efforts; fielding a
kirill115 [55]

Answer: producer

Explanation: The task of securing all necessary personnel, space, and financing; supervising all production and promotion efforts; fielding all legal matters; and distributing the proceeds derived from receipts falls to the producer.

Skills expected from a producer are:-

Organization / Scheduling.

Budgeting.

Problem Solving skills.

Multitasking skills.

Communication skills.

6 0
3 years ago
A job advertisement for a food handler yielded 25 applications. Of those, five were disqualified because they did not have the p
kykrilka [37]

Answer:

=80%

Explanation:

The yield ratio shows the efficiency of a selected recruiting method. It is expressed as a  percentage of candidates invited for an interview from the recruiting method in review.

In this case, there were 25 applicants. Five were disqualified, meaning 20 were interviewed.

Yield ration of advertisement will be;

20/25 x 100

=0.8 X 100

=80%

5 0
2 years ago
The foundations of modern manufacturing and technological breakthroughs were inspired by the creation of the mechanical computer
lapo4ka [179]
The answer just happens to be the choice A and I’m just guessing
5 0
3 years ago
Read 2 more answers
Shorter Company had originally expected to earn an operating income of $130,000 in the coming year. Shorter's degree of operatin
Snowcat [4.5K]

Answer:

$192,400

Explanation:

Shorter Company

$130,000 + (0.48 * $130,000)

=$130,000+$62,400

= $192,400

Therefore Shorter's revised expected operating income for the coming year will be $192,400

8 0
2 years ago
Mentally estimate the total cost of items that have the following prices: $1.85, $.98, $3.49, $9.78, and $6.18. Round off your a
Nonamiya [84]

Answer: Option (c) is correct.

Explanation:

Given that,

Round off the values of items to the nearest half dollar are as follows:

Item 1 = $2.00

Item 2 = $1.00

Item 3 = $3.50

Item 4 = $10.00

Item 5 = $6.00

Estimated total cost of items = Item 1 + Item 2 + Item 3 + Item 4 + Item 5

= $2.00 + $1.00 + $3.50 + $10.00 + $6.00

= $22.50

Hence, nearest value is $22.50.

Therefore, option (c) is correct.

8 0
3 years ago
Other questions:
  • When a line cook in a restaurant uses raw meat to cook a hamburger that becomes part of the restaurant's Super Burger Special, t
    9·1 answer
  • An event that must occur in order for a party's duty to arise is called a(n) ________________.
    13·1 answer
  • M1 money growth in the u.s. was about 16% in 2008, 7% in 2009, and 9% in 2010. over the same time period, the yield on 3-month t
    5·1 answer
  • The consumers union has proved effective in forcing businesses to change unethical behavior
    5·1 answer
  • Present valuelong dash—Mixed streams   Consider the mixed streams of cash flows shown in the following​ table,
    13·1 answer
  • COMPARE AND CONTRAST WHOLE LIFE,VARIABLE LIFE AND TERM LIFE?
    11·2 answers
  • When total revenues fall below total costs, production should end. However, if marginal revenue exceeds variable cost, productio
    6·1 answer
  • WILL GIVE BRAINLIEST!!! NEED ASAP PLEASE!
    14·2 answers
  • What is the purpose of dark tourism​
    14·2 answers
  • Why do employers prefer employers with good work ethics
    6·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!