Wildhorse Company purchased $1350000 of 11% bonds of Scott Company on January 1, 2021, paying $1272578. The bonds mature January 1, 2031; interest is payable each July 1 and January 1. The discount of $77422 provides an effective yield of 12%. Wildhorse Company uses the effective-interest method and plans to hold these bonds to maturity. For the year ended December 31, 2021, Wildhorse Company should report interest revenue from the Scott Company bonds of:

Fanning books buys books and magazines directly from publishers and distributes them to grocery stores. the wholesaler expects to purchase the following inventory: april may june required purchases (on account) $ 111,000 $ 131,000 $ 143,000 fanning books accountant prepared the following schedule of cash payments for inventory purchases. fanning books suppliers require that 85 percent of purchases on account be paid in the month of purchase; the remaining 15 percent are paid in the month following the month of purchase. required complete the schedule of cash payments for inventory purchases by filling in the missing amounts. determine the amount of accounts payable the company will report on its pro forma balance sheet at the end of the second quarter.

Wyman corporation uses a process costing system. the company manufactured certain goods at a cost of $920 and sold them on credit to percy corporation for $1,315. the complete journal entry to be made by wyman at the time of this sale is:

Which factor or factors listed below are internal influences on a loan’s interest rate? i. current and prospective inflation ii. collateral offered by the borrower iii. the strength of the economy a. i only b. i and iii c. ii only d. ii and iii