This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: $300,000 of 10%, 20-year bonds were sold for $325,000 on January 1. The bonds require semiannual ... (Read 47 times)

olgavictoria

  • Hero Member
  • *****
  • Posts: 528
on: Feb 18, 2020
$300,000 of 10%, 20-year bonds were sold for $325,000 on January 1. The bonds require semiannual interest payments on June 30 and December 31. The entry to record the June 30 interest payment on the bonds would be to: (Round your final answer to the nearest dollar.)
◦ debit Interest Expense $14,375; debit Premium on bonds payable, $625; credit Cash, $15,000.
◦ debit Interest Expense $14,375; credit Cash, $14,375.
◦ debit Interest Expense $15,000; credit Cash, $15,000.
◦ debit Interest Expense $15,625; credit Premium on bonds payable, $625; credit Cash, $15,000.
Financial Accounting ¦ Kemp, Waybright ¦ 5th Edition
Buy Test-Bank


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by olgavictoria on Feb 18, 2020

Madisongo23

  • Sr. Member
  • ****
  • Posts: 325
Reply #1 on: Feb 18, 2020
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
Answer Preview
Only 64% of students answer this correctly


olgavictoria

  • Member
  • Posts: 528
Reply 2 on: Feb 18, 2020
Excellent

miss.ashley

  • Member
  • Posts: 371
Reply 3 on: Yesterday
:D TYSM

« previous next »
 

Did you know?

Human neurons are so small that they require a microscope in order to be seen. However, some neurons can be up to 3 feet long, such as those that extend from the spinal cord to the toes.

Did you know?

Approximately 70% of expectant mothers report experiencing some symptoms of morning sickness during the first trimester of pregnancy.

Did you know?

As many as 28% of hospitalized patients requiring mechanical ventilators to help them breathe (for more than 48 hours) will develop ventilator-associated pneumonia. Current therapy involves intravenous antibiotics, but new antibiotics that can be inhaled (and more directly treat the infection) are being developed.

Did you know?

According to the CDC, approximately 31.7% of the U.S. population has high low-density lipoprotein (LDL) or "bad cholesterol" levels.

Did you know?

Certain topical medications such as clotrimazole and betamethasone are not approved for use in children younger than 12 years of age. They must be used very cautiously, as directed by a doctor, to treat any child. Children have a much greater response to topical steroid medications.

The formation of covalent bonds The formation of covalent bonds
The carbon cycle. Numbers are storage as 1015 g or fluxes as 1015 g per year (data from Schlesinger The carbon cycle. Numbers are storage as 1015 g or fluxes as 1015 g per year (data from Schlesinger
Infant: 4 weeks to 1 year. Infant: 4 weeks to 1 year.
Covalent Bonds Covalent Bonds
Kahan (Last Year) Kahan (Last Year)
Tickets for the school play were $3 for students and $5 for all others. The box office sold 750 ... Tickets for the school play were $3 for students and $5 for all others. The box office sold 750 ...
Video: Blood Flow Through the Kidneys

For a complete list of videos, visit our video library