Kershaw Electric sold $6,000,000, 10%, 10-year bonds on January 1, 2019. The bonds were dated January 1, 2019, and paid interest on January 1. The bonds were sold at 98.

Answers

Answer 1

Answer:

A. Jan. 1, 2019

Dr Cash 5,880,000

Cr Discount on bonds payable 120,000

Cr Bonds payable 6,000,000

B. $5,888,000

C. Jan. 1, 2019

Dr Bonds Payable 6,000,000

Dr Loss on Redemption 224,000

Cr Discount on Bonds Payable 104,000

Cr Cash 6,120,000

Explanation:

A.Preparation of the journal entry to record the issuance of the bonds on January 1, 2019

Jan. 1, 2019

Dr Cash 5,880,000

(98%*6,000,000)

Cr Discount on bonds payable 120,000

(2%*6,000,000)

Cr Bonds payable 6,000,000

(To record issue bonds payable)

B. Preparation of the balance sheet presentation of the long-term liability

Balance Sheet December 31, 2019

Long-term liabilities

Bonds payable 6,000,000

Less: Discount on bonds payable 112,000

(120,000-8,000)

Long-term liabilities $5,888,000

C. Preparation of the Journal entry to record the redemption of the bonds

Jan. 1, 2019

Dr Bonds Payable 6,000,000

Dr Loss on Redemption 224,000

(6,120,000-5,896,000)

Cr Discount on Bonds Payable 104,000

(6,000,000-5,896,000)

Cr Cash 6,120,000

(6,000,000*102%)

(To record redemption of bonds)


Related Questions

Malinda's auto dealership of imported cars made $895,000 in revenue. The manager has determined that the total expenses equal to $598,000. Will this business net a profit or loss? _____ How much of a profit or loss? _____

Answers

Answer:

Profits : $297,000

Explanation:

Revenue is the money a business gets by selling its products and services to customers. Expenses are the cost incurred in the normal business process, like production and selling.

A business is profitable when revenues are more than expenses.

For Malinda Auto dealership, the revenue ($895,000) is more than expenses($598,000). Therefore, the business will make a profit.

Profit = revenue - expenses

=$895,000 -$598,000

=$297,000

25 points
What is it called when you change the color within a theme?

Question options:

Color change


Transition color


Variant


Flexible coloring

Answers

Answer:

transition color

Explanation:

i just finished the test

interest credited means what​

Answers

Answer:

interest credited -- interest that a savings institution automatically deposits to a savings account.

hope this help!

What's the difference between product and brand?

Answers

A product is made by a company and can be purchased by a consumer in exchange for money while brands are built through consumer perceptions, expectations, and experiences with all products or services under a brand umbrella.

Answer:

A product is made by a company and can be purchased by a consumer in exchange for money while brands are built through consumer perceptions, expectations, and experiences with all products or services under a brand umbrella. For example, Toyota's product is cars. ... Without a product, there is no need for a brand.

Which of the following is an advantage of using focus group research instead of survey research?
You can get information from a medium sized group of people.
You can get information from larger numbers of people.
You can get more detailed information from vantage of using focus group research Instead of survey research?
You can get information from a medium sized group of people
You can get information from large numbers of people.
You can get more detailed information from individuals
You can get information from a more representative sample
You can get information from a more representative sample.

Answers

Answer:

you can get information form a good medium sized group of people .

Explanation:

hope this helps.

 have a great day. <3

Which is NOT a fee you need to worry about with a checking account?

Answers

Answer:

It depends on the bank provider. All bank providers have different fee policies.

Explanation:

There is no specifc answer to this.

What are the advancements made in the automotive industry in 2020


Answers

Blockchain
Electrification
And autonomous vehucles

In business buying , price is very important because of

Answers

Answer:

profit you also have to tend to who you are doing business with, see what they like or what they would want so on and so on.

Nero is an elderly man who lives with his nephew Mervyn. Nero is dependent on Mervyn for support. Mervyn advises Nero to "invest" in Mervyn's "professional gambling" venture, or Mervyn will no longer support him. Nero liquidates his other investments and signs a contract with Mervyn, to whom Nero gives the funds. Can Nero set aside this contract?

Answers

Explanation:

This is :

This situation describes undue influence, which arises from a relationship in which one party can, through unfair persuasion, influence or overcome the free will of another. Other examples of such relationships include business partners, attorney-client, and doctor-patient. A contract entered into under undue influence lacks voluntary consent and is voidable. In this question, the influence of Evan over Nero is buttressed by Nero’s reliance on Mervyn for support. Nero does not have a claim for duress, but Mervyn’s influence over Nero’s investment decision is an exercise of undue influence. The contract is primarily for the benefit of Mervyn, and Mervyn used unfair persuasion in securing Nero’s funds. Nero can avoid the contract.

Based on the information given in the question, Nero should avoid the contract.

This situation that's described in the question is an undue influence which occurs when an individual persuades another party to agree to a particular thing.

In this case, Mervyn threatens Nero by saying that he won't support him anymore if he doesn't invest in the gambling.

It should be noted that such contract is voidable as it was based on undue influence. Therefore, in this case, the contract can be avoided by Nero.

Read related link on:

https://brainly.com/question/21109105

A large corporation wants to expand into Asian markets. They want to issue a bond and plan to guarantee the bond with land holdings in Latin America so What type of bond would they issue ? Why?

A. Corporate
B. Municipal
C. Agency
D. US Treasury

Explain why

Answers

Answer:

A. Corporate

Explanation:

Corporate bonds are debts instruments used by public and private corporations to raise capital from investors. They offer predetermined interest payments to the investor and the principal amount when the bond matures. Corporate bonds are riskier than government securities; that why they offer a higher interest rate.  

To attract investors to purchase a bond, a corporate may use some of its assets to back the bond. The assets become collateral for the bond. The land in Latin America will guarantee the bond. Investors will have the right to dispose of the land to recover their money should the company fail in its bond obligations.

Explain one advantage of good branding to a business.

Answers

Answer:

I DIDN'T COPY FROM GOOGLE, I PUT IT IN MY OWN WORDS

Explanation:

Having a good, customary brand amplifies your reliability with Customers, your production, and the marketplace as a whole. As you boost your credibility, you also construct acknowledgment, allegiance, and competitiveness.

have seen ystuckey on brainly

Answers

???????????????????????????????????????

Does walking your neighbors dog everyday (and there elderly) count as community service?

Answers

Answer:

It depends.

Explanation:

If you are helping people who need help, and if they are your neighbors, then they are in your community. Thus, you are doing community service.

Although, if they don't need help and you keep insisting, then that might not be community service because they don't need your help.

An earned education certificate track
after an individual has successfully
completed the necessary course
requirements for a particular field at a
community college

Answers

associates degree !!!!!!!

Arielle is in high school and is considering a career pathway to pursue after graduation. She has always done best in math classes and enjoys complex problems. In fact, when her friends make costumes and decorations for parties, she is more interested in organizing the supplies for the party and determining the costs involved. Which career pathway would best fit with the skills Arielle displays when helping plan parties

Answers

Answer:

B).Consumer Services

Explanation:

Because consumer services  refers to the formulation, deformulation, technical consulting and testing of most consumer products therefore this will be the only option that fits what she wants to do.

Answer:

B; Consumer Services

Explanation:

I am taking the test right now, this is the answer I am using.

what is the opposite of the opposite of left???
if you get it fight you get brainliest!!!!

Answers

Answer:

Opposite of left, right. Opposite of right, left

I lost some brain cells O.O

Answer:

left??? i think

Explanation:

Please help?? WILL MARK IF THERE ARE MULTIPLE ANSWERS!!!!!

Answers

High school probably

A country cannot produce all of the medical equipment needed to treat its
sick citizens. Instead of trying to increase production, it imports equipment
from another country. This situation best illustrates which factor that
encourages global trade?
A. Acquiring natural resources
B. Eliminating trade deficits
C. Obtaining essential materials
D. Specializing in certain industries

Answers

c


medical equipment is an essential material

Obtaining essential materials is the situation best illustrates the factor that encourages global trade. Hence, option C is correct.

What is  global trade?

Global trade is allowing the countries to use the resources like land labour, money, land, technology and other resource to use efficiently so that it can help other countries to be better in their resources, the countries that do not have enough resources.

Global trading provides the facility to end the global poverty to increase productivity, give their workforce a greater wage, and give them additional opportunities. By providing consumers with more cheap goods and services, open trade also benefits households with lower incomes.

Thus, option C is correct.

For more details about Global trade, click here:

https://brainly.com/question/582726

#SPJ5

QUESTION 2 of 10: Which of the following would be indirect competition for a candy store?
a) Walmart, which sells candy
b) A hard candies boutique shop
c) A candy superstore
d) None of the above

Answers

Answer:

A, Walmart that sells candy

Explanation:

Walmart does not specalize in candy, but sells, making it indirectly a competitor.

The indirect competition for a candy store among the following is Walmart, which sells candy. Thus the correct option is A.

What is competition in business?

The type of race or contest between two organizations that offered similar products with similar rates and quality to their customers or have common target customers is referred to as business competitors.

The business competitors are both direct and indirect. Direct competitors are those who directly compete in the same market whereas indirect competitors are those who are not present in a similar market but tehir offerings are sometimes found common.

In the given Option, Walmart is referred to as indirect competition as it sells candy whereas direct competition is considered as shops which are having expertise In Candy with variety and taste.

Therefore, option A is appropriate.

Learn more about the Competition, here:

https://brainly.com/question/27581552

#SPJ2

when the Vat rate is 15% a customer pays Rs 1610 to buy an electric iron . Find the cost of the iron without Vat.​

Answers

is this a real answer what the actual f

List the sourcesvof obtaining inform related to foriegn employment ..​

Answers

Answer:

not having any idea.........

Explanation:

Correction :List the sources of obtaining information related to foreign employment.⚘ Answer :

Different sources of information are available for foreign employment. The institutions and individuals involved in foreign employment - related work and their web sites and training institutions and their publications provide information on foreign employment. Some of the sources of obtaining information related to foreign employment are mentioned below with description :

Noticeboards : Manpower companies put vacancy announcement notice on the noticeboards as demanded by foreign employers. The following details are included in the demand paper and the same are stated in the notice.

Name of a countryName of companyNumber of vacancyMinimum qualificationMonthly salaryContract periodFacilitiesRequired skills

Booklets : Information can be obtained from booklets published by concerned authorities and institutions. Required skills , qualification , training , ability , post etc. are published in the booklets.

Institutions or individuals involved in foreign employment : Foreign employment may directly contact the government offices to demand required workers. Therefore , we can contact such offices to obtain information.

Publication of training institutions : Publications of training institutions , which provide employment - oriented training can be reliable sources of information for foreign employment.

Web sites : Web sites of employers are reliable sources of information for foreign employment. Interested candidates can apply for the job through the Internet or web sites. Physical contact is not necessary for selection procedures.

Newspapers and magazines : Newspapers are very popular means of communication. They are published daily , weekly , fortnightly and monthly basis. Notices on foreign employment are published in such newspapers and magazines. Clear details are included in the notices .

Radio , F.M and Television : Radio , F.M and television disseminate information immediately to public. These are very popular and important means of communication. They broadcast different entertaining programmes , news , information etc. They also broadcast information on foreign employment.

Public relation : Public relation is another source of information on foreign employment. We can obtain information through individuals , symposiums , meetings , interaction programmes etc.

Hope I helped !

Have a wonderful time ! ツ

~[tex] \sf{TheAnimeGirl}[/tex]

50 Points!!

As you talk with a client, you evaluate how testimonials will be posted using e-mail posts. What would be the more secure method?

have them posted and then screened

go to someone in-office

go to the poster for affirmation to post

have them screened via a program

(ED2020 Web Development Class)

Answers

Answer:

I believe that the answer is A.

Explanation:

Do not know if i am right or wrong, but i am going to answer anyways.

Ben Thomas is earning an annual salary of $15,090 at Custom Stereos. He has been offered a job at the local Ford dealer for $16,660 annually. How much more would Ben earn per week if he accepts the position at the Ford dealer?

Answers

Answer:

$30.2

Explanation:

The current annual salary for Ben Thomas is $15,090. the weekly salary will be $15,090 divide by 52

=$15,090 / 52

=$290. 2

The new annual salary at the Ford dealer is $16,660

Weekly salary is the annual salary divided by 52

= $16,660 / 52

=$320.4

Ben Thomas will earn much more by:

=$320.4 - $290. 2

=$30.2

Which of the following refers to the balance an account is always supposed to have?

Normal balance

Debits

Credits

Double-entry system

Answers

Answer:

Normal balance

Explanation:

Accounts are expected to have either debit or credit balance, depending on their classification. The accounting equation of Assets is equal to equity plus liabilities is the basis for account classification.  Assets accounts are on one side, while accounts relating to equity and liabilities are on the other.

Accounts have normal balances if the balances at the end of a period are as expected. Assets accounts are expected to have debit balances, while equity and liabilities accounts should have credit balances.

What is customer service?
A Customer service is a way to build positive, long-term
relationships with clients.
B. Customer service is a way to raise money for the company.
C. Customer service is a part of the marketing and promotion
process.
D. Customer service is a way to guarantee that products were made
with the highest quality materials.

Answers

Answer:

A Customer service is a way to build positive, long-term

relationships with clients.

Explanation:

Customer service involves supporting existing and potential customers.  It entails providing professional, helpful, prompt, and quality assistance to customers before and after a transaction.

Customer service is about building a long-lasting relationship with clients. Good customer service creates and promotes a positive and friendly environment that leaves the client with a great impression. A satisfied, happy customer is likely to be loyal to the business.

air transport is not dense in​

Answers

Answer:

La niebla

Explanation

Answer:

Stratosphere

Explanation:

Discovering objections in the minds of potential buyers often takes place when the seller attempts to ____ the sale.

A. Close
B. Approach
C. Prospect
D. Present​

Answers

Answer:

D. Present​

Explanation:

Sales objection can be defined as a hindrance or an obstacle posed as questions or statements to a salesperson by a potential or prospective buyer (prospect), indicating his or her unwillingness to buy a product.

Generally, in the selling process, prospective or potential buyers may object to a service, producer, competitor, price, time, product etc.

Hence, discovering objections in the minds of potential buyers often takes place when the seller attempts to present the sale such as explaining the benefits attached to a product or demonstrating how to use the product.

Additionally, in order to convince a potential buyer or handle the objections raised during the presentation of a product, salespersons are usually advised to listen, respond, clarify, and respect rather than being defensive.

Answer:

d.

Explanation:

2. How should employers respond to K to 12 graduates who apply for vacant positions in
3. What were the perceived disadvantages of K to 12 graduates pcompared to college students?
4. What factors could give K to 12 graduates an advantage in the labor market?
Discussion Questions
1.
What is the dilemma K to 12 graduates face when applying for a job?
their company? Pa help asap po

Answers

Answer:

am sorry

Explanation:

i had to do it pls give me pts

the fact that companies can store and access emails sent or received on their equipment limits which of your rights

Answers

Answer: the answer is Privacy

Explanation:

They are limiting your rights of privacy by them being able to access your emails and such if that makes sense.

Answer:

Privacy

Explanation:

A p e x

10 reasons why kids should have phones Use your own words Explain your reasons

Answers

Explanation:

For enjoying and enjoying the time of your life

To encourage responsibility

To inspire trust between you

To help them get home

To improve their organization

To download educational apps

To help create memories

To keep them occupied

To develop essential skills

To stay safe

To talk to friends

To keep in touch

Other Questions
How many of the numbers between 8 and 65 are a multiple of 7?A) 5 B) 6C) 7D) 8 How does Tom feel about Jordan? In The great Gatsby Help plz using rational exponents. if you spun the spinner 100 times would you expect it to land on red Paul allowed the __________ of each letter to determine the style in which he wrote it.datelengthpatronpurpose Hello! Did anyone took the isat ( International student admission test) ?? Please let me know ! Lines AB and CD are straight lines. Find x and y. Give reasons to justify your solutions. PLS HELP ILL GIVE BRAINLIEST Unit 4 Test, Part 2: Congruence and ConstructionsHelp with my math please Immediately following the French and Indian War, American colonists were determined toA) declare independence from Great BritainB) settle lands in the Ohio River Valley C) create commercial relationships with American IndiansD) repay debt incurred during the war THIS IS URGENT, IM ABOUT TO START CRYING!!!The table below represents a linear function f(x) and the equation represents a function g(x):x f(x)1 50 11 3g(x) g(x) = 4x + 3Part A: Write a sentence to compare the slope of the two functions and show the steps you used to determine the slope of f(x) and g(x). (6 points)Part B: Which function has a greater y-intercept? Justify your answer. (4 points)(10 points) Need help with these blanks please!!! Will give brainliest What is the slope of a line parallel to the line whose equation is 3x 3y = -45.Fully reduce your answer, I have a simple question please answer it correctly its 10pts and brainiest. :) What is the purpose of this document? whats your faveroir song 3. Your friend from Australia (in the Southern Hemisphere) has never seen the star Polaris.Provide an explanation for why your Australian friend cannot see Polaris.Text to speech how much does dog whisperer Cesar Millan charge to help a dog? If a person ran 32 kilometers at a rate of 8 kilometers/hr, how long did he run? If a lost male child is found who is 145 cm tall, determine an interval of likely ages for the child. Give whole numbers. age Mr. Kimball sells computer software. He earns a base salary of $41,250 and 8% commission on his sales. Write an equation to represent Mr. Kimballs total pay p after selling d dollars of software.