On June​ 30, Company issues ​, ​-year bonds payable with at face value of . The bonds are issued at face value and pay interest on June 30 and December 31. Requirements 1. Journalize the issuance of the bonds on June 30. 2. Journalize the semiannual interest payment on December 31. Requirement 1. Journalize the issuance of the bonds on June 30. ​(Record debits​ first, then credits. Select explanations on the last line of the journal​ entry.)

Answers

Answer 1

Answer:

1. Dr Cash​ $ 98,000

Dr Discount on Bonds Payable​ $2,000

Cr Bonds payable $100,000

2. Dr Interest Expense​ $ 4,050

Cr Discount on Bonds Payable​ $50

Cr Cash​ $4,000

Explanation:

1. Preparation of the journal entry for the issuance of the bonds on June 30

Dr Cash​ $ 98,000

( $ 100,000 x 0.98 ​)

Dr Discount on Bonds Payable​ $2,000

($100,000 ​- ​$98,000) ​

Cr Bonds payable $100,000

2. Preparation of the Journal entry to record the semiannual interest payment

Dr Interest Expense​ $ 4,050

($4,000 ​+ ​$50 ​)

Cr Discount on Bonds Payable​ $50

( $2,000 x​ 1/40 )

Cr Cash​ $4,000

($ 100,000 x 8​% x​ 6/12 )


Related Questions

Rorry Company uses a job cost system. Overhead was applied to production using a rate of 78 percent of direct labor costs. What is the journal entry when direct labor costs are $18,000

Answers

Answer:

Dr Work in Process Inventory for $14,040

Cr Manufacturing Overhead for $14,040

Explanation:

Based on the information given we were told that the company applied Overhead to production using a rate of 78% of direct labor costs which means that the journal entry when direct labor costs are the amount of $18,000 will be :

Dr Work in Process Inventory for $14,040

Cr Manufacturing Overhead for $14,040

(78%*18,000)

Garth Corporation sells a single product. If the selling price per unit and the variable expense per unit both increase by 10% and fixed expenses do not change, then: Contribution margin per unit Contribution margin ratio Break-even in units A) Increases Increases Decreases B) No change No change No change C) No change Increases No change D) Increases No change Decreases Option C Option B Option D Option A

Answers

Answer:

D) Increases No change Decreases

Explanation:

Contribution margin is Sales less Variable Costs. This will increase if  the selling price per unit and the variable expense per unit both increase.

Contribution margin ratio is Contribution expressed as a percentage of Sales. This will stay the same when the selling price per unit and the variable expense per unit both increase by the same percentage.

Break-even in units is Fixed Costs divided my contribution per unit. This will decrease as the Contribution margin has increased.

Chu Company provided the following information related to its inventory sales and purchases for December Year 1 and the first quarter of Year 2: Dec. Year 1 Jan. Year 2 Feb. Year 2 Mar. Year 2 (Actual) (Budgeted) (Budgeted) (Budgeted)Cost of goods sold $ 30,000 $ 60,000 $ 80,000 $ 50,000 Desired ending inventory levels are 34% of the following month's projected cost of goods sold. Budgeted purchases of inventory in February Year 2 would be:

Answers

Answer:

Budgeted purchases of inventory in February Year 2 would be $69,800

Explanation:

___________CGS _Ending Inventory_Beginning Inventory _ Purchases

Dec. Year 1 _$30,000 _ $20,400 _____ $0 _____________$0

Jan. Year 2 _$60,000 _$27,200 _____ $20,400_________$66,800

Feb. Year 2 _$80,000_ $17,000 ______$27,200_________$69,800

Use following formula to calculate the Purchases

Cost of Goods sold = Beginning Inventory + Purchases - Ending Inventory

Purchases = Cost of Goods sold - Beginning Inventory + Ending Inventory

Placing value of Jan Year 2

Purchases = $60,000 - $20,400 + $27,200 = $66,800

Placing value of Feb Year 2

Purchases = $80,000 - $27,200 + $17,000 = $69,800

What are the "flows" within a supply chain, and why are they important?

Answers

Answer:

Supply chain management is the coordination, management and strategy that drives the flow of data, information, resources and materials to deliver the best product and service to all stakeholders in the process of converting raw goods to a salable product and delivering it to the ultimate customer. There are three main flows of supply chain management: the product flow, the information flow, and the finances flow. The product flow involves the movement of goods from a supplier to a customer. This supply chain management flow also concerns customer returns and service needs.

Explanation:

who want to do 1v1 lol with me

Answers

On what lol ? I’m curious but yeah sure

Answer:

nnm,v xcmnm,bkljmbihutjhuF

Explanation:

Eaglet Corporation has the following target and costs associated with its capital structure. Based on these parameters what is Eaglet Corporations weighted average cost of capital?
Target common equity weight: 80 percent
Target debt weight: 20 percent
Cost of equity: 15 percent
Cost of debt: 5 percent
Tax rate: 35 percent
A) WACC = 12.65 percent
B) WACC = 8.45 percent
C) WACC = 13.00 percent

Answers

Answer: A) WACC = 12.65 percent

Explanation:

WACC = (Cost of equity * weight of equity) + (weight of debt * cost of debt * (1 - tax rate)

= (0.15 * 0.8) + (0.2 * 0.05 * (1 - 0.35))

= 0.12 + 0.0065

= 12.65%

Aikman, Inc., manufactures and sells two products: Product O6 and Product O7.Data concerning the expected production of each product and the expected total direct labor-hours (DLHs)required to produce that output appear below:
The direct labor rate is $17.50 per DLH.The direct materials cost per unit for each product is given below:
The company has an activity-based costing system with the following activity cost pools, activity measures, and expected activity:
The unit product cost of Product O6 is closest to:
A) $637.15 per unit
B) $896.71 per unit
C) $721.00 per unit
D) $661.45 per unit

Answers

Question Completion:

Aikman, Inc., manufactures and sells two products: Product O6 and Product O7.Data concerning the expected production of each product and the expected total direct labor-hours (DLHs)required to produce that output appear below:

                              Expected      DLH         Total DLH

                              Production

Product 06               200            9.00           1,800

Product 07               800           10.00          8,000

Total                      1,000                               9,800

The direct labor rate is $17.50 per DLH.The direct materials cost per unit for each product is given below:

                              Direct Materials

                              Costs / unit

Product 06              $206.50

Product 07              $162.30

The company has an activity-based costing system with the following activity cost pools, activity measures, and expected activity:

Activity               Activity        Estimated   Product 06  Product 07     Total

Pool                   Measure      Overhead

Labor-related     DLHs         $133,770         1,800          8,000          9,800

Product orders   Orders          18,501            400             300             700

Order size          MHs             145,180        3,000           3,100          6,100

Total                                     $297,451

Answer:

Aikman, Inc.

The unit product cost of Product O6 is closest to:

B) $896.71 per unit

Explanation:

a) Data and Calculations:

                                       Product 06     Product 07

Direct Materials costs     $206.50          $162.30

Direct labor costs             $157.50          $175.00

Overhead cost per unit   $532.71          $238.64

Total cost per unit           $896.71          $575.94

                                     Product 06     Product 07

Direct labor costs              1,800              8,000

Direct labor rate               $17.50            $17.50

Total labor costs           $31,500             $140,000

Units of products             200                 800

Labor cost per unit       $157.50            $175.00

Overhead cost Allocation   Product 06   Product 07    Total

Labor-related  ($13.65)        $24,570       $109,200    $133,770

Product orders ($26.43)         10,572             7,929        18,501

Order size ($23.80)                71,400            73,780      145,180

Total                                   $106,542        $190,909  $297,451

Production units                     200                 800

Overhead cost per unit      $532.71          $238.64

if you cause damage to your apartment, your landlord can

Answers

Answer:

...send you out for vandalizing the property?? i dunno lol

Explanation:

Answer:

you could get evicted

Explanation:

The fictional country of Anastialia is a small country with rich resources in minerals. In an 8 hr work day it can produce 100 pounds of silver or 50 pounds of copper. If Anastialia decides to produce copper instead of silver it is ignoring the fact that its silver production has a(n)________ to copper.

a. production advantage
b. absolute advantage
c. comparative advantage

Answers

Answer:

c. comparative advantage

Explanation:

As we know that

The one pound of silver would be equivalent to 0.5 pound of copper

And,

one pound of copper would be equivalent to 2 pounds of silver

based on this, there is a comparative advantage with respect to the silver production

Hence, the correct option is c.

Therefore all the other options are incorrect

Which of the following steps is most effective in protecting yourself from identity theft?
a. Throw away credit card applications in the garbage.
b. Shred all mail with personal information before discarding it.
C. Place your old bank statements in the recycle bin.
d. Carry all your passwords in your wallet or purse.

Answers

Answer:b shred all mail with personal info before discarding it.

The step that is most effective for protecting yourself from identity theft is option b. Shred all mail with personal information before discarding it.

What is meant by protection?

As the name suggests, protection means defense or shielding something from the viruses so that no one could impact in it.

So based on this, we can say that it shreds all mail having the personal information prior to discarding it.

hence, the option b is correct.

Learn more about theft here: https://brainly.com/question/15252417

Sandhill, Inc., is launching a new store in a shopping mall in Houston. The annual revenue of the store depends on the weather conditions in the summer in Houston. The annual revenue will be $252,000 in a sizzling summer, with a probability of 0.3, $61,000 in a cool summer with a probability of 0.2, and $170,500 in a normal summer with a probability of 0.5.
What is the expected annual revenue for the store?Expected annual revenue= $

Answers

Answer:

$173,050

Explanation:

Expected revenue = 0.3*$252,000 + 0.2*$61,000 + 0.5*$170,500

Expected revenue = $75600 + $12200 + $85250

Expected revenue = $173,050

So, the expected annual revenue for the store is $173,050

The process of starting, organizing, managing, and assuming the responsibility for a business is called capitalism.
a. True
b. False

Answers

Answer: False

Explanation: There you go.

False
Hope this helps

You want to be a millionaire when you retire in 40 years. a. How much do you have to save each month if you can earn an annual return of 9.7 percent

Answers

Answer:

the amount that saved each month is $173.21

Explanation:

The computation of the amount that saved each month is as follows:

Here we use the PMT formula

Given that

NPER = 40 × 12 =  480

PMT = 9.7% ÷ 12 = 0.81%

PV = $0

FV = $1,000,000

The formula is shown below:

= PMT(RATE;NPER;PV;-FV;TYPE)

The future value comes in negative

After applying the above formula, the pmt is $173.21

Hence, the amount that saved each month is $173.21

Katherine Kocher has determined the following information about her own financial situation. Her checking account is worth $850 and her savings account is worth $1,200. She owns her own home that has a market value of $98,000. She has furniture and appliances worth $12,000 and a home computer and laptop worth $3,300. She has a car worth $12,500. She has recently purchased a mutual fund worth $5,500 and she has a retirement account worth $38,550. What is the value of her personal possessions

Answers

Answer:

Katherine Kocher

The value of her personal possessions is:

$171,900

Explanation:

a) Data and Calculations:

Checking account =        $850

Savings account =           1,200

Home value =               98,000

Furniture & appliances 12,000

Home computer/laptop 3,300

Car                                12,500

Investments:

Mutual fund                   5,500

Retirement account    38,550

Total value =             $171,900

b) Katherine's personal possessions include all her personal assets.  Her net worth will be the difference between all her personal assets and her personal debts or liabilities.

you can't even be able to describe the brainly community.
its like we're nice...
but then again we're toxic as helI.
DangGGG

Answers

ค้้้้้้้้้้้้้้้้้้้­้้้้้้้้้้้้้้้้้้้้­้้้้้้้้้้้้้้้้้้้้­้้้้้้้้้้้้้้้้้้้้­้้้้้้้้้้้้้้้ ฏ๎๎๎๎๎๎๎๎๎๎๎๎๎๎๎๎๎๎๎\ค้้้้้้้้้้้้้้้้้้้­้้้้้้้้้้้้้้้้้้้้­้้้้้้้้้้้้้้้้้้้้­้้้้้้้้้้้้้้้้้้้้­้้้้้้้้้้้้้้้ ฏ๎๎๎๎๎๎๎๎๎๎๎๎๎๎๎๎๎๎๎

If a firm is deciding upon the acceptance of a project with a value of $10,000, and if the client has a good credit history, the firm will most likely use the grid chart in the decision-making process.
a) true
b) false

Answers

Answer:

FALSE

Explanation:

The Decision-Making Process includes Identifying the need for a decision, Determining the outcome of the decision, Identifying all alternative actions, the benefits and consequences of each and Making and Evaluating the decision.

Decision-Making Tools includes the use of decision-making grid to differenciate or separates factors of decision to be made, the use of Gantt chart to shows phases of project to completion and Information technology and others.

The grid chart shows the relationship between input and output documents.

Which case below best represents a case of price​ discrimination? A. A professional baseball team pays two players with different batting averages different salaries. B. A major airline sells tickets to senior citizens at lower prices than to other passengers. C. An insurance company offers discounts to safe drivers. D. A utility company charges less for electricity used during​ "off-peak" hours, when it does not have to operate its​ less-efficient generating plants.

Answers

Answer:

B. A major airline sells tickets to senior citizens at lower prices than to other passengers.

Explanation:

The pricing strategy refers to a strategy where the company charges the different prices for the similar products to the customers

In the case of the pure price discrimination, the seller would charge the price i.e. maximum he or she would have to pay also it is depend upon the specific characteristics and the amount charged to each and every group through a different price

Therefore the option B is correct

On January 1, 2019, Sandhill Corporation acquired machinery at a cost of $1290000. Sandhill adopted the double-declining balance method of depreciation for this machinery and had been recording depreciation over an estimated useful life of ten years, with no residual value. At the beginning of 2022, a decision was made to change to the straight-line method of depreciation for the machinery. The depreciation expense for 2022 would be

Answers

Answer:

$94,354.29

Explanation:

Depreciation rate = 100/10*2 = 20%

2019 Depreciation = 1290000 * 20% = $258000

2020 Depreciation = 1290000 * 80% * 20% = $206400

2021 Depreciation = 1290000 * 80% * 80% * 20% = $165120

Accumulated depreciation (2019 to 2021) = $258000 + $206400 + $165120 = $629,520

Depreciation expense for 2022 = (1290000 - 629,520) / 7

Depreciation expense for 2022 = 660480 / 7

Depreciation expense for 2022 = $94,354.29

Given the following history, use a three-quarter moving average to forecast the demand for the third quarter of this year. Note, the 1st quarter is Jan, Feb, and Mar; 2nd quarter Apr, May, Jun; 3rd quarter Jul, Aug, Sep; and 4th quarter Oct, Nov, Dec.
JAN FEB MAR APR MAY JUN JUL AUG SEP OCT NOV DEC
Last year 130 150 155 215 225 230 175 165 155 230 255 280
This year 155 155 205 220 245 250

Answers

Answer:

665

Explanation:

The computation fo the demand expected for the third quarter is as follows:

Oct         230

Nov        255

Dec         280          sum 765

Jan          155

Feb          155

March      205         sum 515

April         220

May          245

June         250       sum 715

Mow the third quarter moving average is

= (765 + 515 + 715) ÷ 3

= 665

Sraibn271 Corporation has two divisions: Domestic Division and Foreign Division. Last month, the corporation reported a contribution margin of $46,400 for Domestic Division. Foreign Division had a contribution margin ratio of 35% and its sales were $243,000. Net operating income for the Sraibn271 Corporation was $36,800 and traceable fixed expenses were $51,000.
(ID#19361)
What were Sraibn271 Corporation's common fixed expenses?
a) $131,450
b) $43,650
c) $51,000
d) $94,650

Answers

Answer: b) $43,650

Explanation:

Contribution margin of Domestic division + contribution margin of Foreign division - traceable fixed cost - common fixed cost = Net operating income for company

46,400 + (0.35 * 243,000) - 51,000 - Common = 36,800

80,450 - Common = 36,800

Common = 80,450 - 36,800

= $43,650

A falling price level is a symptom of an unhealthy economy, if prices have fallen due to _________. It is symptom of a healthy economy if prices have fallen due to _________

Answers

Answer:

A decrease in the demand for goods and services; an increase in the supply of goods and services.

Explanation:

In the case of the unhealthy economy, if the price is fall so it is because of reduction in the demand of the products and services while on the other hand if there is a healthy economy and now the price is fallen so it is because of the supply of the goods and services are rised up.

Therefore the last option is correct

And, the rest of the options are incorrect

On January 1, Year 1, Lowing Company acquired a patent from Generics Research Corporation for $3 million. The legal life of the patent is 20 years, but Lowing expects to use it for 5 years. Pawson Company has committed to purchase the patent from Lowing for $500,000 at the end of that 5-year period. Lowing uses the straight-line method to amortize intangible assets with finite useful lives. What is the amount of amortization expense each year

Answers

Answer:

patent amortization expense per year = $500,000 per year

Explanation:

patent amortization expense per year = depreciable value / useful life of the intangible asset

depreciable value = purchase cost - salvage value = $3,000,000 - $500,000 = $2,500,000useful life of the patent = 5 years (the legal life is different than the useful life)

patent amortization expense per year = $2,500,000 / 5 years = $500,000 per year

person who provides services directly to individuals

Answers

Answer:

I just need to respond answers LUL

Explanation:

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REEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEE

Assume that Clark Electronics has a monopoly in the production and sale of a new device for detecting and destroying a computer virus. Clark Electronics currently incurs short-run losses, but it continues to operate.
a. What must be true for Clark to continue to operate in the short run?
b. Draw a correctly labeled graph, and show each of the following for Clark.
i. The profit-maximizing price and output
ii. Area of loss
C. Assume Clark is maximizing profit. What will happen to its total revenue if Clark raises its price? Explain.
d. If demand for the new device increases, explain what will happen to each of the following in the short run.
i. Profit-maximizing output
ii. Total cost

Answers

Solution :

c. MC=MR is the profit maximizing equilibrium point. The price rise beyond that is likely to raise the total revenue. But the total cost might increase equally or more then that to nullify or decrease the profit.

d. (i). The demand increase implies that the AR (demand) curve shifts rightwards. This will increase the equilibrium price.

(ii). Change in demand does not affect the total cost.

a. Monopoly might continue to produce in short earn even if its AR < AC. It continues to do so until shut down point. It refers that production continued until average revenue (AR) is greater than equal to the average variable cost (AVC). The monopoly is a market with a single seller.

This market's average revenue (AR) demand curve is above its marginal curve . The curves are downward sloping, illustrating price demand inverse relationship.

Equilibrium quantity : when the marginal revenue = marginal cost

Equilibrium price : equilibrium quantity corresponding price at AR (demand ) curve.

 

Apollo Inc. has an unfunded pension liability of $900 million that must be paid in 30 years. If the annual interest rate is 6% compounded semiannually, what is the present value?

Answers

Answer:69420 milliom

Explanation:

Nice

The following unadjusted trial balance contains the accounts and balances of Dylan Delivery Company as of December 31, 2017
a. Unrecorded depreciation on the trucks at the end of the year is $8.231
b. The total amount of accrued interest expense at year-end is $8,000.
c. The cost of unused office supplies still available at year-end is $1,400.
1. Prepare the year-end closing entries for Dylan Delivery Company as of December 31, 2017
2. Determine the capital amount to be reported on the December 31, 2017 balance sheet.

Answers

Answer:

Question 1

Part a

Debit : Depreciation $8.231

Credit : Accumulated Depreciation $8.231

Part b

Debit : Interest Expense $8,000

Credit : Long term notes payable $8,000

Part c

Debit : Office Supplies Expenses $ 500

Credit:  Office Supplies $ 500

Question 2

Capital amount to be reported on the December 31, 2017 balance sheet is $170,551

Explanation:

See below the full question that i have attached

Calculation of Capital amount as at December 31, 2017

Balance before adjustments              $187,282

Adjustments :

Depreciation                                           ($8.231)

Interest Expense                                   ($8,000)

Office Supplies Expenses                      ($ 500)

Balance after adjustments                   $170,551

The broad scope seeks to attract a large group of applicants who have a high probability possessing the characteristics that are needed to perform a specific job and qualifications are specific and specialized.
A. True
B. False

Answers

I believe the answer would be True.

When you are posting your résumé online, be sure to adjust it so it is _____.

one page in length
bold
colorful
cyber-safe

Answers

Answer:

I think the answer is one page in length

Explanation:

because when you do a resume you will need to add a length to it beige you post it in.

Jill runs a factory that makes lie detectors in Little Rock,Arkansas.This month,Jill's 34 workers produced 690 machines.Suppose Jill adds one more worker and,as a result,her factory's output increases to 700.Jill's marginal product of labor from the last worker hired equals ________.A) 10B) 20C) 690D) 700E) None of the above answers is correct.

Answers

Answer:

1077927

Explanation:

*$-$)7794459०२2८जेइकेप्ग्व्व्ज्सोबीओस्क्ब्सु

स्ज्व्ह्जेहेगेओज्स्ज्स ज्श्स्सीज्झ्र्‍क

A company has $110,000 in outstanding accounts receivable and it uses the allowance method to account for uncollectible accounts. Experience suggests that 4% of outstanding receivables are uncollectible. The current balance (before adjustments) in the allowance for doubtful accounts is a(n) $1,000 credit. The journal entry to record the adjustment to the allowance account includes a debit to Bad Debts Expense for:

Answers

Answer:

Provision on accounts receivable = $110,000 * 4%  = $4,400

Total allowance for doubtful accounts = $4,400 - $1,000 = $3,400

Date   Account Titles and Explanation      Debit    Credit

           Bad debt expense                           $3,400

                  Allowance for doubtful accounts            $3,400

           (To record the bad debt expense)

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