![elijahjacksonrp6z2o7](/avatars/3341.jpg)
elijahjacksonrp6z2o7
08.04.2021 •
Business
GUYS PLZ HELP ME FAST
Question 1
Name some eco-friendly features you might look for while shopping for your first vehicle.
Also, explain techniques you can use while driving any vehicle to increase fuel efficiency and reduce emissions.
Question 2
Your friend wears earbuds while driving to school each day. Is this safe? Is it legal? Explain why or why not.
Question 3
Explain the difference between Personal Injury Protection (PIP) and Property Damage Liability (PDL) insurance.
Question 4
In the event you get pulled over for a traffic stop, describe the situation from the police officer's perspective and list at least two additional things you should do to make the traffic stop go smoothly.
Solved
Show answers
More tips
- S Science and Technology How to Secure Exam Sessions: Silence Mobile Phones in the Classroom...
- G Goods and services How to Choose a Bread Maker?...
- A Art and Culture Who Said The Less We Love a Woman, the More She Likes Us ?...
- F Family and Home How to Get Rid of Your Neighbors?...
- S Society and Politics How Could Nobody Know About the Dead Mountaineers?...
- H Health and Medicine How to Cure Adenoids?...
- H Health and Medicine Why Wearing a Back Brace Can Be Beneficial During Back Strain?...
- S Sport When and Where Will the 2014 World Cup be Held?...
- C Computers and Internet How to Choose a Monitor?...
- H Horoscopes, Magic, Divination Where Did Tarot Cards Come From?...
Answers on questions: Business
- E English If you were correspondent, what would you include in your content on the event shown in the photograph?...
- H History Essay on The role played by south Africa women in the struggle against human rights violations from 1950s to 1990s...
- M Mathematics 2) Find the upper and lower bounds of where a = 14 and b = 12 (both have been rounded to the nearest whole number)....
Ответ:
April 1 2016
No Entry
July 1, 2017
Dr Cash $906,000
Dr Discount on bonds payable $94,000
Cr Bonds payable $1,000,000
Sep 30 2017
Dr Interest Expense $23,917
Cr Discount on bonds payable $3,917
Cr Cash $20,000
Dec 31,2017
Dr Interest Expense $23,917
Cr Discount on bonds payable $3,917
Cr Interest payable $20,000
October 1 2019
Dr Bonds payable $1,000,000
Dr Loss on early extinguishment of bonds $208,750
Cr Discount on bonds payable $58,750
Cr Cash $1,150,000
Explanation:
Preparation of the journal entries related to the bonds that the corporation entered into its records during the period April 1, 2016 through December 31, 2017
April 1 2016
No Entry
July 1, 2017
Dr Cash $906,000
Dr Discount on bonds payable $94,000
($1,000,000-$906,000)
Cr Bonds payable $1,000,000
(Being to record issue bond for cash $906,000 and discount on bonds)
Sep 30 2017
Dr Interest Expense $23,917
[(1,000,000*8%*3/12)+($94,000/72months*3)]
(=$20,000+$3,917)
Cr Discount on bonds payable $3,917
($94,000/72months*3)
Cr Cash $20,000
(1,000,000*8%*3/12)
(Being to record interest paid and discount amortized)
Dec 31,2017
Dr Interest Expense $23,917
[(1,000,000*8%*3/12)+($94,000/72months*3)]
(=$20,000+$3,917)
Cr Discount on bonds payable $3,917
($94,000/72months*3)
Cr Interest payable $20,000
(1,000,000*8%*3/12)
(Being to record interest accrued and discount amortized)
Preparation of the journal entry that was recorded when the bonds were redeemed in October 2019
October 1 2019
Dr Bonds payable $1,000,000
Dr Loss on early extinguishment of bonds $208,750
($1,150,000+$58,750-$1,000,000)
Cr Discount on bonds payable $58,750
[$94,000-($94,000/72)*27]
($94,000-$35,250=$58,750)
Cr Cash $1,150,000
(Being to record Redemption of bonds and discount Amortized)