Answer: Production budget
Explanation:
The production budget is basically permit the organization for tracking the cost and all the production details that is required for the inventory necessary requirement of an organization.
The production budget is also known as the financial plan of the company for estimating the overall production budget by proper scheduling.
The one of the main factor of the production budget is the sales target as it basically calculated the total number of products that are manufactured in an organization.
Therefore, Production budget is the correct answer.
Answer:
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Answer:
The correct option is debit of $2040 to Loss on Bond Redemption
Explanation:
The unamortized premium on the bonds at redemption date=carrying value-face value
carrying value is $829,960
face value is $800,000
unamortized premium=$829,960-$800,000=$29,960
cash paid on redemption=$800,000*104%=$832,000.00
The appropriate entries would a credit to cash of $ 832,000 while face value is debit to bonds payable and also the unamortized premium is debited to premium on bonds payable
loss on retirement=$832,000-$829,960=$2040
The loss is debited to loss on bond redemption
