The entry to record the issuance of bonds at a discount on an interest payment date should include a
A) debit to Cash for the face amount of the bonds.
B) debit to Cash for the face amount of the bonds plus the amount of discount.
C) debit to Cash for the face amount of the bonds minus the amount of discount.
D) credit to Cash for the face amount of the bonds.
C
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Cognitive dissonance theory predicts that individuals will decipher ambiguous information so it seems to be congruent with established beliefs. This is known as ______.
A. selective exposure B. selective attention C. selective interpretation D. selective retention
Indicate the group of words in which the number or numbers are correctly expressed. Which is correct?
A) five miles B) 5 miles
An ethical and a moral obligation are the same
Indicate whether the statement is true or false
Chase Company has 10 employees, who earn a total of $1,800 in salaries each working day. They are paid on Monday for the five-day workweek ending on the previous Friday. Assume that year ended on December 31, which is a Wednesday, and all employees will be paid salaries for five full days on the following Monday. The adjusting entry needed on December 31 is:
A. Debit Salaries Expense, $5,400; credit Salaries Payable, $5,400. B. Debit Salaries Payable, $5,400; credit Salaries Expense, $5,400. C. Debit Salaries Expense, $3,600; credit Salaries Payable, $3,600. D. Debit Salaries Expense, $9,000; credit Salaries Payable, $9,000. E. Debit Salaries Expense, $5,400; credit Cash, $5,400.