Acompany holds $40,000 of 7% bonds as a held-to-maturity security. assuming all prior interest entries have been accounted for, the bondholder's journal entry to record receipt of the semiannual interest payment includes a debit to cash for $2,800 and a credit to interest revenue for $2,800. true false

False

Explanation:

Since the maturity amount is $40,000 and the interest rate is 7%

So, the receipt of the semiannual interest payment would be

= Maturity amount × interest rate

= $40,000 × 7% ÷ 2

= $1,400

Since the interest payment is semi-annual so we divide the interest rate by 2 and if the time period is given so we double it.

Hence, the given statement is false

Exceeded by 145 dollars.

Step-by-step explanation:on:

First you multiply 15 by 43 because each pot costs 15 dollars and they sold 45.

Then you get the answer of 645 and the goal was 500 so that means you need to subtract to see how much they exceeded by.

Subtract 500 from 645 and you get the answer of 145.

So they exceeded 145 dollars.