Answer:
Debit to interest expense for $4, 400
Explanation:
The journal entry is shown below:
Interest expense A/c Dr $4,400
Notes payable A/c Dr $10,808
To Cash A/c $15,208
(Being the due payment is recorded)
For due payment, we debited the interest expense and the notes payable account and credited the cash account as cash is paid for the first annual payment due on the note
Hope that helps! If you look it up it's all online!
Answer:
Units transferred out less units in beginning work in process.
Explanation:
A process costing system is generally used when similar or identical products are mass produced.
To determine the total number of units transferred out = beginning work in process + units started and transferred out - ending work in process
To determine the amount of units started and completed = total units transferred out - beginning work in process
Explanation:
the federal receive the common thing
Answer:
The coupon rate is the stated periodic interest payment due to the bondholder at specified times. The bond's yield is the anticipated overall rate of return. If the bond's price changes and is no longer offered at par value, the coupon rate and the yield will no longer be the same as the coupon rate is fixed and yield is a derivative calculation based on the price of the bond.
