Answer and Explanation:
The journal entries are shown below:
On Jan 1
Cash $500,000
To Bond Payable $500,000
(Being the issuance of the bond is recorded)
On Dec 31
Bond Payable $500,000
Loss on redemption $15,000 ($500,000 × 3%)
To Cash ($500,000 × 103%) $515,000
(Being the redemption of the bond is recorded and the remaining balance or we can say balancing figure is debited to loss on redemption)
ANSWERS: There was a format called Company Town where the company would virtually own and control the entire town including daily need item stores. Workers were lured with attractive wages and accommodation. But, the wages were paid in 'Scrips' which were company printed currency meant to be spent in the stores owned by the company owned and controlled stores inside the company town. This led to the employees getting dependent on employers and their personal freedom and space getting interfered by employers. This relation led to the term 'Wage Slavery'. This practice was continued in mining town till 1960s whereas the concept of company town ended in the 1920s.
Answer:
D. debit Unearned Rent Revenue, $4720; credit Rent Revenue, $4720.
Explanation:
When the Cash was received for 6 month`s Rent the entry was :
Debit : Cash $28320
Credit : Unearned Rent Revenue $28320
At 31 July when 1 month`s rent expires the entry will be :
Debit : Unearned Rent Revenue (1/6 x $28,320) $4,720
Credit : Rent Revenue $4,720
thus
We reverse the liability - Unearned Rent Revenue and recognize Revenue for the month expired.
<span>Which choice is the correct statement about "comprehensive" insurance?
B. Comprehensive insurance provides you coverage for both collision and physical damage.
Question 2
If I make a lot of claims on my insurance, my insurance cost will probably go up. TRUE
Question 3
What are some of the obligations you must fulfill for an insurance policy to be in effect? C. Both A and B.
What is collision insurance? B. Collision insurance is the coverage your insurance company gives you that only covers physical damage to a vehicle. Collision insurance usually has a "deductible" which means that the company will not pay 100% of damages.
All insurance companies charge the same rates for insurance coverage. FALSE
What is an insurance "deductible"?
D. An insurance deductible is what you pay yearly for car insurance if you don't have accidents.
What is an insurance policy?
B. An insurance policy is a document that tells you what you must pay for insurance coverage and what the insurance company is - and is not - covering.
What is the purpose of insurance?
D. Both B and C.
Life insurance can be most valuable in which of these cases?
D. Both B and C.
It is always smart to compare insurance costs between different companies. Insurance agents are usually good people. But remember that the job of insurance agents at most companies is to sell you their insurance policies. Their job is not to tell you that another company has a better and less-expensive policy. True.
What are some of the factors that would influence your insurance costs?
C. The type of car you drive.
In which cases does property insurance normally give you coverage?
D. All of the above.
Some insurance usually has a higher price for younger people because younger people have more accidents.FALSE
Health insurance is designed to cover some or all of your expenses related to accidents and some health issues.TRUE
Which actions will many insurance companies take if you receive a DUI?
C. Both A and B.
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"what is south korea's opportunity cost of producing one digital camera?"
A: 20lbs of wheat.
