Business, 03.08.2019 06:10, mariarichards2p8a277

On january 1, 2018, micheal unlimited issues 12%, 20-year bonds payable with a face value of $ 180 comma 000. the bonds are issued at 103 and pay interest on june 30 and december 31. (assume bonds payable are amortized using the straight-line amortization method.) read the requirements requirement 1. journalize the issuance of the bonds on january 1, 2018. (record debits first, then credits. select explanations on the last line of the journal entry.)

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answered: chamarabrown9260

Jan 1, 2018 Cash $185400

Premium on Bond Payable $5400

Bonds Payable $180000

( Issued bond at premium)

Explanation:

Bond is liability that required to be paid after certain period of time. The company issue bonds either on premium, par and discount. Micheal unlimited issue the bond on the premium that indicates that company will receive more amount on the issuance of bond compare to its par value. Therefore, The entry reflects the position cash company generate using the Premium method of accounting while premium will amortized over the period using the straight line amortization method.

answered: Guest

i think you have to let the moderators that you want your old account to be activated.

answered: Guest

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being suspected of supplying drugs means you are much more likely to be charged. the amount of drugs found on you, and whether you have a criminal record, will be taken into account when a punishment is being decided.

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- up to life in prison or an unlimited fine (or both) for a class a drug- up to 14 years in prison or an unlimited fine (or both) for a class b or class c drug."sorry if this was a school question, you didnt supply options so i assumed it was a personal question, which if it is, reconsider selling or having possesion of any drugs at all. i wish you the best!

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On january 1, 2018, micheal unlimited issues 12%, 20-year bonds payable with a face value of $ 180 c...