Primary market help this helps
Answer:
<u>Adjusting entries:</u>
April 30, legal fees
Dr Legal fees expense 3,500
Cr Legal fees payable 3,500
April 30, accrued interest
Dr Interest expense 3,000
Cr Interest payable 3,000
April 30, wages expense
Dr Wages expense 4,000
Cr Wages payable 4,000
<u>Subsequent entries:</u>
May 12, legal fees
Dr Legal fees payable 3,500
Cr Cash 3,500
May 20, paid interest
Dr Interest expense 6,000
Dr Interest payable 3,000
Cr Cash 9,000
May 3, wages expense
Dr Wages expense 4,000
Dr Wages payable 6,000
Cr Cash 10,000
Answer:
Cost of preferred stock will be 5.78 %
Explanation:
We have given par value = $100
Dividend rate = 5.5 %
So annual dividend 
We know that cost of preferred stock is given by 
Current price is given as $95.02
So cost of preferred stock will be = 
%
Answer:
Ownership Utility
Explanation:
It is also known as possession utility, Ownership Utility involves the neatly and well ordered movement of goods and services from the sellers to the buyers.
