Exhibit 14-9 Hawk issued $200,000 of its ten-year 10% bonds for $224,924 on October 1, 2016. The effective rate on the bonds was 8% and interest is paid each October 1 and April 1. ? Refer to Exhibit 14-9. Assuming Hawk uses the effective interest method and reversing entries, the entry to record the payment of interest on April 1, 2017,would include
A) a debit to Interest Expense for $4,498.
B) a credit to Premium on Bonds Payable for $502.
C) a credit to Bonds Payable for $10,000.
D) a credit to Cash for $8,000.
A
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Most work resulting from proposals is covered by a working agreement or contract to avoid discrepancies in the intents of the parties.
Answer the following statement true (T) or false (F)
JIT seeks to
a. reduce production cost while increasing quality. b. radically redesign the production process for effectiveness. c. modify all non-value-added activities. d. all of the above.
What forms of social media are good choices for "exciting" the customer?
What will be an ideal response?
[The following information applies to the questions displayed below.]Packard Company engaged in the following transactions during Year 1, its first year of operations: (Assume all transactions are cash transactions.)1) Acquired $950 cash from the issue of common stock. 2) Borrowed $420 from a bank. 3) Earned $650 of revenues. 4) Paid expenses of $250. 5) Paid a $50 dividend. During Year 2, Packard engaged in the following transactions: (Assume all transactions are cash transactions.)1) Issued an additional $325 of common stock. 2) Repaid $220 of its debt to the bank. 3) Earned revenues of $750. 4) Incurred expenses of $360. 5) Paid dividends of $100. What is the amount of total stockholders' equity that will be reported on Packard's balance sheet at the end of Year 1?
A. $250 B. $1,300 C. $900 D. $1,350