Ethics refers to acceptable conduct in any setting therefore it concernscconcerns the behaviour thebehavioithbusiness
Answer:
Interest expense $80
Explanation:
the journal entry to record the issuance of the note:
December 1, 202x, note issued in replacement of account payable
Dr Accounts payable 24,000
Cr Notes payable 24,000
the journal entry to record accrued interests payable is:
December 31, 202x, accrued interests payable
Dr Interest expense 80
Cr Interests payable 80
Interest expense = $24,000 x 4% x 1/12 = $80
Answer and Explanation:
The journal entry is shown below:
Cash ($5,400,000 × 102%) $5,508,000
To Bonds Payable $5,400,000
To Premium on Bonds Payable $108,000
(To record the issuance of the bond payable)
In the above journal entry, the cash is debited as it increased the assets and credited the bond payable and premium on bond payable as it increased the liabilities
Answer:
b.work-in-process account.
Explanation:
When materials are requisitioned for use in production in a job-order costing firm, the cost of materials is added to the work-in-process account.
Following journal Entry is passed.
DR. Work in process xxx
CR. raw Material Inventory xxx
As work in process is debited in the above transaction, the cost of material is being added to it.
Developing a project charter involves working with stakeholders to create the document that formally authorizes a project.
By creating this document it gives managers the ability to organize resources and workers for the project and all activities within it. A charter grants rights, power, privileges to an individual, corporation, city and other organizations for work on a project.