Bond Discount, Entries for Bonds Payable Transactions On July 1, 20Y1, Livingston Corporation, a wholesaler of manufacturing equipment, issued $7,400,000 of 5-year, 11% bonds at a market (effective) interest rate of 12%, receiving cash of $7,127,643. Interest on the bonds is payable semiannually on December 31 and June 30. The fiscal year of the company is the calendar year.


Required:

Journalize the entry to record the amount of cash proceeds from the issuance of the bonds on July 1, 20Y1

Answers

Answer 1

On July 1, 20Y1, a debit of $7,127,643 was made to cash, a credit of $7,400,000 was made to Bonds Payable, and a credit of $272,357 was made to Discount on Bonds Payable to record the cash proceeds from the issuance of the bonds.

On July 1, 20Y1, to record the cash proceeds from the issuance of the bonds, the following entry would be made:

Debit: Cash $7,127,643Credit: Bonds Payable $7,400,000Credit: Discount on Bonds Payable $272,357

The debit entry to cash represents the amount of cash received from the sale of the bonds. The credit entry to Bonds Payable represents the increase in the company's liability for the bond debt. The credit entry to Discount on Bonds Payable represents the difference between the face value of the bonds and the cash proceeds received, which is the bond discount.

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In business, war metaphors are frequent. Business leaders should avoid adopting this mindset since it may cause employees to act violently.

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Which of the statements is the best
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Answer:

Cash over flow ~AU ( ;

Explanation:

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The main goals of a society are the following:

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The extent to which a decision maker is willing to gamble when making a decision is known as risk propensity.

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When a decision maker is aware of the risks they are incurring before making a choice, that choice is of high quality. They are aware of the biases in their reasoning as well as how accurate or inaccurate their information is. A wise choice is one in which you are aware of your ignorance.

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Which of the following is the most accurate statement about the impact of business on society?
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The private enterprise system assumes that competition benefits consumers. Group of answer choices True False

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The control principle related to not having the same person authorize and pay for goods is known as separation of duties.

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Answer:

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Explanation:

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In Germany, the final goods and services produced are included in Germany's GDP.

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There has been substantial increase in the number of minority entrepreneurs in the United States over the past several years.

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• Significantly increase the local population without providing at least 5 acres of built park for every 1,000 residents. or • Significantly increase the use of local neighborhood parks or community parks such that significant physical degradation of the facility occurs.

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1. below is an example of a diwalidiyas. Extract the different parts of the diyas by making a sketch emphasizing the use of lines, shape forms and color. 2. you may put some accent to make your work more creative .​

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Answer:

need more info (incomplete)

Explanation:

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The Great Resignation, also known as the Big Quit, is an economic trend in which employees voluntarily resign from their jobs en masse, beginning in early 2021. This trend was a result of the COVID-19 pandemic and the economic downturn it caused.

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The transportation development described in the excerpt had which of the following effects on agriculture in the United States

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To counter the dominance of rail companies, farmers created cooperative associations.

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What recent innovations best explain the shift in agriculture shown in the graph? New towns and cities that needed agricultural products grew as a result of the extraction of western resources.

Which of the following best explains why technical innovation's impact on the manufacturing of commodities continued into the late 1800s? The amount of things that factories could produce rose as a result of new industrial equipment.

Due to the restriction on immigration from eastern Asia in the late 1800s, violent conflicts increased in the western United States. Debate about how to set up the country's economy was sparked by economic changes.

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Corporations may buy back their own stock for any of the following reasons except to:
a. Avoid a hostile take-over.
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Answers

Corporation may buy back their own stock for any of the following reasons except to: Allow management to assume the voting rights

Hence, Option E is correct

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Which of the following is NOT one of the tasks of random stocking​ systems? A. Maintaining a list of​ "open" locations. B. Assigning certain items or classes of items to particular warehouse areas so that the total distance traveled within the warehouse is maximized.

Answers

Option (B) . Assigning certain items or classes of items to particular warehouse areas so that the total distance travelled within the warehouse is maximized.

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store, depot, storehouse, repository Synonyms for warehouse.

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Job Description Warehouse Worker

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When individuals go from government to business, and business to government, often in relatively short stints, it is called what

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When individuals go from government to business, and business to government, often in relatively short stints, it is called the revolving door.

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Such instances have become more common in democracies in recent years as a result of increased lobbying efforts, which has sparked discussion about the extent to which former government officials are permitted to use the contacts and knowledge.

They have built up during their time in the public sector to enrich themselves or exert undue influence over legislation that is currently being drafted or amended.

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who likes taco bell because i do

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i do. what do u get usually

An appraisal of the relationship between an object, action, or idea and some attribute related to it is a(n)

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An appraisal of the relationship between an object, action, or idea and some attribute related to it is a(n) evaluation.

An appraisal is a formal assessment or evaluation of something, typically property or assets, to determine its value or worth. Appraisals are commonly used in real estate transactions, insurance claims, and financial planning. They are performed by trained professionals, such as appraisers or valuators, who use various methods and data to estimate the value of the property in question. An evaluation is an appraisal or assessment of the relationship between an object, action, or idea and some attribute related to it. It can involve analyzing, comparing, and determining the value or effectiveness of something.

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hen a store has a sale, it cuts the prices on the goods it sells. Is that more likely to happen when there is a surplus orwhen there is a shortage

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When there is a surplus. Obviously the producer/seller has more of the item than the consumer/buyers want or need. Therefore, they (producers) are reducing the price to unload the item. A surplus tends to cause prices to fall.

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Keep up with a changing work environment are Stay informed, Network, Adapt, Ask questions, Stay organized, Take initiative, and Be flexible.

What is environment?

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1. Stay informed: Keep up with industry news and trends to stay ahead of the curve.
2. Network: Attend conferences, seminars, and other events to stay connected with the latest developments in your field.
3. Adapt: Be open to learning new skills and technologies to stay competitive.
4. Ask questions: Don’t be afraid to ask questions and seek advice from colleagues and mentors.
5. Stay organized: Develop systems and processes to help you stay on top of your workload.
6. Take initiative: Look for opportunities to take on new projects and challenges.
7. Be flexible: Be willing to adjust to changing circumstances and priorities.

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A bill of materials for a menu item in a restaurant is also called a A. bill of ingredients. B. product specification. C. food bill. D. recipe.

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A. bill of ingredients.

Gemma wants to promote her online handbag business to a wide audience. But she's busy creating handbags for her clients, and has little time to manage the specifics of an advertising campaign. How can Smart Shopping campaigns help her achieve this

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Smart shopping campaigns help her achieve this by showing ads to multiple audiences and networks.

Smart Shopping campaigns combine standard shopping and display remarketing campaigns to automatically promote Gemma's handbag business across all networks and a wide audience. Ads are shown to multiple audiences and networks.

Skill shop Shopping Ads Certification

Reach more customers with Shopping campaigns

Simplify campaign management with Smart Shopping campaigns

Smart Shopping campaigns make it easier to manage and reduce the time it takes to advertise your business by automatically uploading product details from the manufacturer's website.

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A person's debt-to-income ratio describes:
O A. how often the person's credit score changes based on increasing
levels of debt.
B. how much money a person can borrow from a bank at any given
time.
O c. how frequently a person has to make payments on a significant
debt.
O D. how much the person has borrowed compared to how much he or
she earns.

Answers

Answer:

O D. how much the person has borrowed compared to how much he or

she earns

Explanation:

Your debt-to-income ratio is all your monthly debt payments divided by your gross monthly income. This number is one way lenders measure your ability to manage the monthly payments to repay the money you plan to borrow. ... If your gross monthly income is $6,000, then your debt-to-income ratio is 33 percent.

A person's debt-to-income ratio describes how much the person has borrowed compared to how much he or she earns. Thus, the correct answer is option D.

What is debt-to-income ratio ?

Lenders use the debt-to-income (DTI) ratio to determine your borrowing risk. It is the percentage of your gross monthly income that goes toward paying your monthly debt payments.

Divide all monthly debt payments by gross monthly income to get the debt-to-income ratio. This is how lenders assess our ability to manage monthly payments in order to repay the money we intend to borrow.

A DTI of 43% is typically the highest ratio a borrower can have while still qualifying for a mortgage, but lenders prefer ratios no higher than 36%. A low DTI ratio indicates adequate income relative to debt servicing, making a borrower more appealing.

Therefore, option D is correct.

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