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3 years ago

A The following section is taken from Blossom's balance sheet at December 31, 2021.

Business

1 answer:

loris [4]3 years ago

6 0

Answer:

Date Account titles and explanation Debit Credit

1-1-21 Bond interest payable $46,000

Cash $46,000

(To record payment of interest)

1-1-21 Bond payable $155,000

Loss on redemption bond $15,500

(155,000/100*10)

Cash $170,500

(To record bond redemption)

31-1-21 Interest expenses $36,450

Bond interest expenses $36,450

(560,000-155,000)*9%

(Adjusting entry to accrue the interest on the remaining)

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3 years ago

Belle Co. has beginning inventory of 12 sets of paints at a cost of $1.50 each. During the year, the store purchased 7 at $3.00,

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3 years ago

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Red Co. uses the product cost concept of applying the cost-plus approach to product pricing. Below is cost information for the p

hammer [34]

Answer:

b 43.50%

Explanation:

Product Cost = Variable Manufacturing Costs + Fixed Manufacturing Cost

Product Cost = 40,000*($7.00 + $11.00 + $3.00) + $80,000

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Product Cost = $840,000 + $80,000

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2 years ago

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