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harina [27]
3 years ago
13

Discount Pizza retires its 7% bonds for $68,000 before their scheduled maturity. At the time, the bonds have a face amount of $7

0,000 and a carrying value of $64,168. Record the early retirement of the bonds. (If no entry is required for a particular transaction/event, select "No Journal Entry Required" in the first account field.)
Business
1 answer:
snow_lady [41]3 years ago
6 0

Answer:

The Journal entry and their narrations for recording the bonds retirement is shown below:-

Explanation:

The Journal entry is shown below:-

Bonds payable Dr,                                 $70,000  

Loss on redemption of bonds Dr,         $3,832

($68,000 - $64,168) 

            To Bond discount amortization           $5,832

($70,000 - $64,168)

             To Cash                                               $68,000

(Being bonds retirement is recorded)

So, for recording the early retirement of the bonds we debited the bonds payable and loss on redemption of bonds and credited the bond discount amortization and cash.

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Answer:

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3 years ago
Suppose this monopolist can price discriminate across its customers and sets 2 prices in the market. Let P M represent the stand
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Answer:

hello your question is incomplete attached below is the missing part

answer: Pd = 1658 , Qd = 42

Explanation:

The monopolist will choose a discount price of ( Pd ) = 1658 and sell 42 units of the good in the discount market

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3 years ago
If Shawn can produce donuts at a lower opportunity cost than Sue, then ____
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Answer:

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Explanation:

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This do not imply that Sue cannot outproduce Shawn, it means it cost her more than Shawn

For example, if Sue produce 10 Donuts, but to produce donuts resing to produce 20 of other goods, each donut has an opportunity cost of 2

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