Answer:
cash 967,707 debit
premium on BP 67,707 credit
Bnds Payable 900,000 credit
interest expense 58062.42 debit
premium on BP 437.58 debit
cash 58500 credit
Explanation:
procceds 967,707
face value 900,000
premium on bonds payable 67,707
<em><u>first interest payment</u></em>
carrying value x market rate
967,707 x 0.06 = 58062.42
then cash outlay
face valeu x bond rate
900,000 x 0.065 = 58,500
the difference will be the amortization
Contemporary governments promote development by establishing a currency that's tradable in world markets.
government i think correct me if im rwong l
The larger the proportion, the greater the impact they will have on overall product cost and quantity.
Answer: $222000
Explanation:
The dollar value of February Expected cash collections from customers will be calculated as the addition of the January credit sales collection and the February credit sales collection and this will be:
= ($160,000 × 30%) + ($290000 × 60%)
= $48000 + $174000
= $222000
The value of February expected cash collections from customers is $222,000.
