Great Lake Glassware Company issues $1,121,000 of its 12%, 10-year bonds at 99 on February 28, 2018. The bonds pay interest on February 28 and August 31. Assume that Great Lake uses the straight-line method for amortization. The journal entry to record the first interest payment on August 31, 2018 includes a ________.
A) debit to Cash for $67,260
B) debit to Interest Expense for $67,821
C) debit to Interest Expense for $66,699
D) debit to Discount on Bonds Payable for $561
B) debit to Interest Expense for $67,821
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Followers with above-average profits tend to invest more aggressively in marketing as a percentage of sales, as well as on a relative basis when compared with competitors with below-average profits
Indicate whether the statement is true or false
High Step Shoes, had annual revenues of $199,000, expenses of $110,700, and paid dividends of $23,600 during the current year. The retained earnings account before closing had a balance of $311,000. The ending retained earnings balance after closing is:
A. $88,300 B. $199,000 C. $375,700 D. $64,700 E. $399,300
A cyberterrorist might target a government agency, but not a business.
Answer the following statement true (T) or false (F)
McDonald's famous golden arches and other marks used by the company illustrate a A)suggestive mark
B)service mark. C)certification mark. D)collective mark.