Suffolk Corporation issued $100,000 of 20-year, 6 percent bonds at 98 on one of its semi-annual interest dates. The straight-line method of amortization is to be used. The entry to record the bond interest expense on the next interest payment date is:
a. Bond Interest Expense 3,050
Unamortized Bond Discount 50
Cash 3,000
b. Bond Interest Expense 6,000
Unamortized Bond Discount 500
Cash 5500
c. Cash 6,050
Unamortized Bond Discount 6,050
d. Bond Interest Expense 3,000
Cash 3,000
A
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Robert was under contract to play football for the United Lions in May 2007. However, he died in an accident before he could perform his contract. His death will terminate his contract.
Answer the following statement true (T) or false (F)
The Allowance for Bad Debts account has a credit balance of $4000 before the adjusting entry for bad debts expense. The company's management estimates that 5% of net credit sales will be uncollectible for the year 2019. Net credit sales for the year amounted to $280,000. What is the amount of Bad Debts Expense reported on the income statement for 2019?
A) $14,000 B) $18,000 C) $7000 D) $10,000
CNET, Urbanspoon, and Consumersearch are examples of ________.
A. product and service review sites B. consumer blogs C. social marketing D. prosocial marketing E. online brand communities
Explain what is meant by the data perspective.
What will be an ideal response?