The year-end adjusting entry required for bonds issued at a discount would require
a. a debit to Bond Interest Expense, a debit to Discount on Bonds Payable, and a credit to Cash.
b. a debit to Bond Interest Expense, a debit to Discount on Bonds Payable, and a credit to Bond Interest Payable.
c. a debit to Bond Interest Expense, a credit to Discount on Bonds Payable, and a credit to Cash.
d. a debit to Bond Interest Expense, a credit to Discount on Bonds Payable, and a credit to Bond Interest Payable.
d
You might also like to view...
When does workplace dissent begin typically? Give an example of something that might begin the dissent.
What will be an ideal response?
Allstate Insurance promotes its auto and home insurance by telling consumers, "You're in good hands with Allstate." Which of the following types of needs is Allstate trying to satisfy?
A. personal needs B. behavioral needs C. safety needs D. physiological needs E. social needs
Dayton Hardware Store and Leighton Bank enter a loan agreement in which Leighton agrees to lend $10,000 on the security of Dayton's existing store equipment. A security agreement is executed and a financing statement is filed, but no funds are advanced. A week later, Dayton enters a loan agreement with Ramos Bank in which Ramos agrees to lend $10,000 on the security of the same store equipment
The funds are advanced, a security agreement is executed, and a financing statement is filed. A week later, Leighton Bank advances the agreed $10,000. Dayton defaults on both loans. In this case: A) between Leighton Bank and Ramos Bank, Ramos has priority because it advanced the funds before Leighton Bank did. B) between Leighton Bank and Ramos Bank, Leighton Bank has priority because it was the first to deal with Dayton in the matter. C) between Leighton Bank and Ramos Bank, Leighton Bank has priority because priority among security interests perfected by filing is determined by the order in which the financing statements were filed. D) neither bank needed to check filings of financing statements because the filings had no impact on which bank had priority.
________ refers to the generation of news about a person, product, or service that appears in broadcast or print media.
A. Publicity B. Advertainment C. Direct response advertising D. Indirect advertising E. Sales promotions