The balance sheet of indian river electronics corporation as of december 31, 2010, included 12.25% bonds having a face amount of $90 million. the bonds had been issued in 2003 and had a remaining discount of $3 million at december 31, 2010. on january 1, 2011, indian river electronics called the bonds before their scheduled maturity at the call price of 102.required: prepare the journal entry by indian river electronics to record the redemption of the bonds at january 1, 2011. (enter your answers in dollars not in millions. omit the "$" sign in your response.)cr. dr. bonds payable $90,000,000loss on early extinguishment $ on bonds payable $3,000,000i can't figure out the loss and cash amounts. if someone could that'd be great!

Credit cash:

= Face amount of bonds × 1.02

= $90 million × 1.02

= $91,800,000

Note:

When bonds are quoted, they are stated n terms of a percentage of the face amount. A $1,000 bond with a call price of 101 will sell for $1,010. $1,000*1.01 = $1,010

So, the credit cash should be $91,800,000

Discount = $3 million

So,

The loss on early extinguishment:

= Cash + Discount - Bonds Payable

= $91,800,000  + $3,000,000 - $90,000,000

= $4,800,000

Therefore, the journal entry is as follows:

Bonds Payable A/c                           Dr. $90 million

Loss on Early Extinguishment A/c   Dr. $4.8 million

To Cash                                                                     $91.8 million

To Discount                                                               $3 million

(To record the redemption of the bonds at January 1, 2011)

sound is invisible, but sometimes we can feel it. when a kettle-drum is thumped with a stick that time the tight drum skin moving up and down very quickly for some time and then it pumped sound waves into the air. loudspeakers also work in a similar manner.

components of a speaker:

electromagnet

in order to translate an electrical signal into an audible sound, an electromagnet is used in looudspeakers

  suspension

suspension is used to   center the voice coil in the gap of the magnet and it exerts a restoring force to keep it there. suspension is used to limits the maximum mechanical excursion of the diaphragm and voice coil.

voice coil

voice coil is a coil of wire which is attached to the apex of a loudspeaker cone. it provides the motive force to the cone by the reaction of a magnetic field to the current passing through it.

cone

in a   loudspeaker, a   thin, semi-rigid membrane attached to the voice coil, which moves in a magnetic gap due to which it vibrates   and produced sound. it is known as diaphragm and it can also be called a cone, though not all speaker diaphragms are cone-shaped.

surround

surround is also known as front suspension. surround is used to join the cone to the chassis. together with the suspension it controls the cone excursion, and it is also used to   determine how energy which is   travelling through the cone is absorbed, and how the speaker limits when it reaches the ends of its travel.

dustcap

dustcap is used to protect the voice coil from dust and dirt. it is a part of the cone.

how speaker work

the outer part of the cone is fastened to the outer part of the loudspeaker's circular metal rim. the inner part is fixed to   voice coil that sits just in front of a permanent magnet . when loudspeaker is hooked up to a stereo, electrical signals feed through the speaker cables into the coil. it will convert the coil into an electromagnet magnet . when electricity flows back and forth in the cables, the electromagnet either repels or attract the permanent magnet. this moves the coil back and forth, and it pull and push the loudspeaker cone. like a drum skin vibrating back and forth, the moving cone pumps sounds out into the air.in this way loudspeakers works.

answer: e

explanation: