Northbrook Corporation issued $60,000 bonds payable to acquire Machinery. The journal entry to record the transaction is:
a. Machinery 60,000
Cash 60,000
b. Machinery 60,000
Bonds Payable 60,000
c. Bonds Payable 60,000
Machinery 60,000
d. Cash 60,000
Bonds Payable 60,000
B
You might also like to view...
Onstage contact points refer to contact points that are observable to the customer
Indicate whether the statement is true or false
Payroll taxes only include social security taxes and federal unemployment and state unemployment taxes
Indicate whether the statement is true or false
The changes in a net-change MRP system ______.
A. cause the entire production plan to regenerate B. affect only those components whose information has been changed or updated C. explode the bill of materials D. cause shutdown of the production process
Under the current tax structure, income brackets
A) are positively related to both the marginal tax rate and the average tax rate. B) are negatively related to both the marginal tax rate and the average tax rate. C) are positively related to the marginal tax rate, but negatively related to the average tax rate. D) are negatively related to the marginal tax rate, but positively related to the average tax rate.