Author Question: Entries are made to the petty cash account when a. making payments out of the fund b. recording ... (Read 59 times)

serike · **on:** Jul 5, 2018

Entries are made to the petty cash account when
a. making payments out of the fund
b. recording shortages in the fund
c. replenishing the petty cash fund
d. establishing the fund

Question 2

Match each of the following situations with the appropriate term below. Terms may be used more than once.

a. maturity
b. interest
c. premium
d. discount

______ 1. Bank, Rupp & Baroque, Inc. issued bonds that sold for 101,000.
______ 2. Bank, Rupp & Baroque, Inc. bonds carried a stated rate of 6.5.
______ 3. Bank, Rupp & Baroque, Inc. bonds will be due in 2030.
______ 4. Bank, Rupp & Baroque, Inc. issued bonds that sold for 99,000.
______ 5. The semi-annual payment to bondholders is 6,000.