1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
sleet_krkn [62]
2 years ago
10

A company issues $100,000 of 5%, 10-year bonds dated january 1. The bonds pay interest semiannually on june 30 and december 31 e

ach year. If the bonds are sold at par value, the issuer records the sale with a debit to:.
Business
1 answer:
Gnesinka [82]2 years ago
5 0

Assuming  the bonds are sold at par value, the issuer will records the sale with a debit to: Cash $100,000.

<h3>Journal entry</h3>

Based on the information given if the company issues the amount of  $100,000 of 5%, 10-year bonds dated january 1 the appropriate journal entry to record this transaction is:

Debit Cash $100,000

Credit Bond payable $100,000

(To record bonds sold at par value)

Inconclusion the issuer will records the sale with a debit to: Cash $100,000.

Learn more about journal entry here:brainly.com/question/14279491

You might be interested in
When brand equity is measured using stock valuation with an estimate of the portion of the value allocated to brand equity and n
natka813 [3]

Answer:

The correct answer is letter "B": market value.

Explanation:

Market Value is the price of an asset that is traded or offered for sale in a public forum where multiple buyers are allowed to make offers to buy that asset. For marketable securities of publicly traded companies, the companies are required to issue periodic financial information to the public to meet a full-knowledge requirement.

7 0
3 years ago
Read 2 more answers
Somerset Computer Company has been purchasing carrying cases for its portable computers at a purchase price of $24 per unit. The
blsea [12.9K]

Answer:

Variable factory overhead = 3.00

Fixed factory overhead = 1.80

Explanation:

See the table in the attached image

6 0
3 years ago
Explain the difference between the proportional method and the incremental method of allocating the proceeds of lump-sum sales o
LenaWriter [7]

Answer:

When a company sells different securities together (this usually happens during mergers and acquisitions):

  1. and the price of all the securities is not certain, the incremental method will first allocate proceeds to the sale of securities whose price is actually certain. The remaining proceeds will be allocated to the securities whose price is uncertain. E.g. total sales $10 million, stocks worth $5 million were sold and bonds worth ? million were sold. The company will allocate $5 million to stocks and $5 million to bonds.
  2. and the price of all the securities is certain, the proportional method allocates the sales proceeds proportionally among the different securities sold. E.g. total sales $10 million, stocks worth $5 million were sold and bonds worth $3 million were sold. The company will allocate ($5/$8) x $10 million = $6.25 million to stocks and $3.75 to bonds.

6 0
3 years ago
Tony is most nervous about doing a good job delivering the information that he has, so his concerns relate to the
Leviafan [203]

Answer:

A. Message element of the communication model

Explanation:

The communication model basically consists of four factors namely; the sender, the message, the receiver, and the channel. The sender in this context is Tony. Since he is nervous about delivering the information that he has, his concerns relate to the message element in the communication model.

The information is the message Tony wants to pass. So his nervousness is about delivering the message well.

3 0
2 years ago
An engineer sketches detailed drawings of the keypad of a new cell phone. What stage in the product development life cycle is th
Andrej [43]

Answer:

Concept stage

Explanation:

The concept design stage is the stage of the design process that comes after the feasibility of the product has bee conducted and  options or alternatives have been weighed with a decision and product specification documentation created. The concept stage design is the first design on the product showing the details of the product as contained in the specification documentation.

3 0
3 years ago
Other questions:
  • Suppose you were the head of a household how would you plan your spending for your family needs if you
    8·1 answer
  • Talia, a project manager, estimates that a project will take a year to complete. She gets the estimation approved, although it i
    15·1 answer
  • What are the advantages and disadvantages of making small, frequent purchases from just a few suppliers?
    5·1 answer
  • If Julius has a 30% tax rate and a 10% after-tax rate of return, a $40,000 tax deduction in two years will save how much tax in
    6·1 answer
  • Crusher Company has provided the following data for maintenance cost:
    6·1 answer
  • For financial reporting, Clinton Poultry Farms has used the declining-balance method of depreciation for conveyor equipment acqu
    5·1 answer
  • Closing entries and a post-closing trial balance are steps in the accounting cycle that occur
    5·1 answer
  • Drag and drop each of the following targeting strategies against their corresponding examples where such strategies can be emplo
    11·1 answer
  • in what aspect of equipment management will an emt be involved when working toward​ high-quality care?
    7·1 answer
  • ______________ can arise from the estimation process or the stability of the project team. assumptions internal risks cost overr
    12·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!