Question Completion:
Describe the accounting treatment of Supplies Expenses.
Answer:
Supplies Expenses are debited while the Supplies account is credited with the supplies expenses.
Explanation:
This accounting treatment of Supplies Expenses reduces the balance of the Supplies account by the amount of supplies used during the period. Thus, what is left in the Supplies account is the cost of the unused supplies at the end of the accounting period. The treatment also accords with the accrual concept, which requires that expenses are matched to the revenues that they generate in the period.
A bond amortization schedule for all three years of the bond's life
principal 10,000
interest paid 500
principal use PV of $1 at 4% for 3 years
10000 * 0.889 = 8890
for interest use PV of an ordinary annuity
500 * 2.77509 = 1388
Issue price of bonds 10278
2) 31-Dec Year 1 Year 2
interest expense 411 408
bond liability 10189 10096
Learn more about bonds here brainly.com/question/25965295
#SPJ4
<span>when there are no taxes the stock price can be expected to drop exactly to the dividend.
so
net stock price=87-1.32
net stock price=85.68
then the total stock worth will be net stock price * no.of .shares
stock value= 85.68*150
stock value= 12,852 $</span>