Lunar coast Incorporated issued BBB bonds two years ago that provided a yield to maturity of 12.5 percent. Long-term risk-free government bonds were yielding 8.5 percent at that time. The current risk premium on BBB bonds versus government bonds is half of what it was two years ago. If the risk free long-term government bonds are currently yielding 7.8 percent, then at what rate should Lunar coast expect to issue new bonds?

Record the journal entry for the provision for uncollectible accounts under each of the following independent assumptions: a. the allowance for doubtful accounts before adjustment has a credit balance of $500. b. the allowance for doubtful accounts before adjustment has a debit balance of $250. c. assume that octoberʼs credit sales were $70,000. uncollectible accounts expense is estimated at 2% of sales. smith, gaylord n.. excel applications for accounting principles (p. 51). cengage textbook. kindle edition.