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Sindrei [870]
3 years ago
8

Cupola Fan Corporation issued 12%, $460,000, 10-year bonds for $450,000 on June 30, 2021. Debt issue costs were $2,100. Interest

is paid semiannually on December 31 and June 30. One year from the issue date (July 1, 2022), the corporation exercised its call privilege and retired the bonds for $455,000. The corporation uses the straight-line method both to determine interest expense and to amortize debt issue costs.
Required:
Prepare the journal entry to record the issuance of the bonds, the payment of interest and amortization of debt issue costs on December 31, 2021
Business
1 answer:
Rufina [12.5K]3 years ago
8 0

Esta repsuea stasiod  obqeado upr inculploirlas nrmoasde es giruidad-l

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3 years ago
An adjusting entry was made on year-end December 31 to accrue salary expense of $1,500. Assuming the company does not prepare re
cluponka [151]

Answer and Explanation:

The Journal entries are shown below:-

1. Salary Expense $1,500

          To Salary Payable $1,500

(Being salary expense is recorded)

Here we debited the salary expenses as it increased the expenses and we credited the salary payable as  it also increased the liabilities

2. Salary Expense Dr, $2,100

   Salary Payable Dr, $1,500

              To Cash $3,600

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3 years ago
_____ is the character and personality of your organization.
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Answer:

B - Culture

Explanation:

An organization's culture defines the proper way to behave within the organization. This culture consists of shared beliefs and values established by leaders and then communicated and reinforced through various methods, ultimately shaping employee perceptions, behaviors and understanding.

6 0
3 years ago
What do you think would make women's contributions to entrepreneurship more visible and less surprising to people?
ohaa [14]

Answer: They must continue with their work, which goes beyond being housewives.

Explanation: Today women have achieved a lot to be seen as beings who have the ability to undertake large-scale projects. Women should continue working, positioning themselves in direct positions, undertaking, and above all, supporting each other. Women must continue to demonstrate that they too are capable of occupying positions that have been seen only for men. Today we have women presidents of nations, CEOs and giving more contributions to society.

3 0
3 years ago
Read 2 more answers
A firm has earnings before interest and taxes of $27,130, net income of $16,220, and taxes of $5,450 for the year. While the fir
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Answer:

The answer is -$4,940

Explanation:

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We rewrite the formula to get interest:

Interest = Profit before interest and tax minus taxes minus net income

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Amount repaid to suppliers minus new amount borrowed plus interest

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7 0
3 years ago
Read 2 more answers
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