Abc company issues a bond with a face value of $100,000 on january 1 for $100,000. abc prepares financial statements only at december 31, so no adjusting entries are made during the year to accrue interest. if the bond carries a stated interest rate of 6% payable in cash on december 31 of each year, the journal entry to record the first bond interest payment includes a
a) credit to interest expense
b) debit to interest expense
c) debit to interest payable
d) credit to cash
Answers: 2
Business, 22.06.2019 06:30, brony2199
"in my opinion, we ought to stop making our own drums and accept that outside supplier's offer," said wim niewindt, managing director of antilles refining, n. v., of aruba. "at a price of $21 per drum, we would be paying $4.70 less than it costs us to manufacture the drums in our own plant. since we use 70,000 drums a year, that would be an annual cost savings of $329,000." antilles refining's current cost to manufacture one drum is given below (based on 70,000 drums per year):
Answers: 1
Business, 22.06.2019 10:30, jlankford148
What type of budget is stated? a budget is a type of financial report that scrutinizes the inflow and outflow of money in a given financial year.
Answers: 1
Business, 22.06.2019 20:20, Carloslogrono10
Gamegirl inc., has the following transactions during august. august 6 sold 76 handheld game devices for $230 each to ds unlimited on account, terms 2/10, net 60. the cost of the 76 game devices sold, was $210 each. august 10 ds unlimited returned six game devices purchased on 6th august since they were defective. august 14 received full amount due from ds unlimited. required: prepare the transactions for gamegirl, inc., assuming the company uses a perpetual inventory syste
Answers: 2
Abc company issues a bond with a face value of $100,000 on january 1 for $100,000. abc prepares fina...
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