Answer:
A. Jan. 1, 2019
Dr Cash 5,880,000
Cr Discount on bonds payable 120,000
Cr Bonds payable 6,000,000
B. $5,888,000
C. Jan. 1, 2019
Dr Bonds Payable 6,000,000
Dr Loss on Redemption 224,000
Cr Discount on Bonds Payable 104,000
Cr Cash 6,120,000
Explanation:
A.Preparation of the journal entry to record the issuance of the bonds on January 1, 2019
Jan. 1, 2019
Dr Cash 5,880,000
(98%*6,000,000)
Cr Discount on bonds payable 120,000
(2%*6,000,000)
Cr Bonds payable 6,000,000
(To record issue bonds payable)
B. Preparation of the balance sheet presentation of the long-term liability
Balance Sheet December 31, 2019
Long-term liabilities
Bonds payable 6,000,000
Less: Discount on bonds payable 112,000
(120,000-8,000)
Long-term liabilities $5,888,000
C. Preparation of the Journal entry to record the redemption of the bonds
Jan. 1, 2019
Dr Bonds Payable 6,000,000
Dr Loss on Redemption 224,000
(6,120,000-5,896,000)
Cr Discount on Bonds Payable 104,000
(6,000,000-5,896,000)
Cr Cash 6,120,000
(6,000,000*102%)
(To record redemption of bonds)
Easy ways to learn BRS
Answer:
BRS is a Bank Reconciliation Statement:
1. COMPARE THE DEPOSITS
Match the deposits in the business records with those in the bank statement. Compare the amount of each deposit recorded in the debit side of the bank column of the cashbook with credit side of the bank statement and credit side of the bank column with the debit side of the bank statement. Mark the items appearing in both the records.
2. ADJUST THE BANK STATEMENTS
Adjust the balance on the bank statements to the corrected balance. For doing this, you must add deposits in transit, deduct outstanding checks and add/deduct bank errors.
Deposits in transit are amounts that are received and recorded by the business but are not yet recorded by the bank. They must be added to the bank statement.
Outstanding checks are those that have been written and recorded in cash account of the business but have not yet cleared the bank account. They need to be deducted from the bank balance. This often happens when the checks are written in the last few days of the month.
Bank errors are mistakes made by the bank while creating the bank statement. Common errors include entering an incorrect amount or omitting an amount from the bank statement. Compare the cash account’s general ledger to the bank statement to spot the errors.
3. ADJUST THE CASH ACCOUNT
The next step is to adjust the cash balance in the business account.
Adjust the cash balances in the business account by adding interest or deducting monthly charges and overdraft fees.
To do this, businesses need to take into account the bank charges, NSF checks and errors in accounting.
Bank charges are service charges and fees deducted for the bank’s processing of the business’ checking account activity. This can include monthly charges or charges from overdrawing your account. They must be deducted from your cash account. If you’ve earned any interest on your bank account balance, they must be added to the cash account.
An NSF (not sufficient funds) check is a check that has not been honored by the bank due to insufficient funds in the entity’s bank accounts. This means that the check amount has not been deposited in your bank account and hence needs to be deducted from your cash account records.
Errors in the cash account result in an incorrect amount being entered or an amount being omitted from the records. The correction of the error will increase or decrease the cash account in the books.
4. COMPARE THE BALANCES
After adjusting the balances as per the bank and as per the books, the adjusted amounts should be the same. If they are still not equal, you will have to repeat the process of reconciliation again.
Once the balances are equal, businesses need to prepare journal entries for the adjustments to the balance per books
Explanation:
Type the correct answer in the box. Spell all words correctly.
How can you price your product or service at its worth or even more?
You can price your product or service at its worth or even more if you offer
facility.
Answer:
Credit Facility
Explanation:
You can price your product or service at its worth or even more if you offer credit facility.
Christian is 33 years old, has been renting for the past five years, and is now thinking about purchasing a home by applying for a mortgage. Why is it important for him to check the information recorded on his credit report? Group of answer choices To confirm that his landlords' names are not on the report To verify the accuracy of his rental history To check the accuracy of his landlords' addresses To ensure that his roommates' names are on the report
Answer: To verify the accuracy of his rental history
Explanation:
Based on the scenario in the question, it is it important for Christian to check the information recorded on his credit report so as to verify the accuracy of his rental history.
He has to verify his rental history so as to know if there's a mistake or if the details written are not correct. To apply for the mortgage, he needs to ensure that the details are correct.
Please help?? WILL MARK IF THERE ARE MULTIPLE ANSWERS!!!!!
lokking for brainly member ystuckey
Which pricing policy would be best suited for a company that specializes in one unique product? Explain.
Answer:
High-end pricing policy
Explanation:
A high-end pricing policy or premium pricing should be the best pricing strategy for a company that specializes in one unique product. The High-end pricing policy sets a high price for products. The objective is to create a perception that the product is of high quality.
Premium pricing gives higher-margins, which is good for business. The product is unique, so there is no competition. The business can take advantage of high -end pricing to make profits and deter other market entrants.
At which point on the business cycle would most likely find cyclical unemployment?
Answer:
Recession cycle
Explanation:
Cyclical unemployment is the nature of unemployment caused by the natural cyclical trends in the economy. The economy undergoes seasons of boom and downturns. These seasons occur repetitively in a country from time to time.
When the economy is experiencing growth(boom or expansion), the production level is high, resulting in the creation of many job opportunities. During recessions ( economic downturns), demand and production decline leading to loss of jobs. The rate of unemployment increases. The type of unemployment created by the decline in economic activities is cyclical unemployment.
All of the following actions lead to the payment of a credit card fee EXCEPT... a) Using your credit card to get cash from an ATM. b) Using your credit card to purchase items in a foreign country. c) Paying your credit card bill ten days after the Due Date. d) Paying your credit card bill in full and on time every month.
Answer:
d) Paying your credit card bill in full and on time every month
Explanation:
Credit cards are a convenient manner to pay for shopping and other expenses. However, they have numerous interest charges that may add to huge amounts if one is not careful.
Credit card charges interest on bill paid after their due date. Paying the entire credit card bill at the end of every month is one way of avoiding penalties.
Using a credit card to withdraw cash attracts charges, the same as making foreign transactions.
Answer:
d) Paying your credit card bill in full and on time every month
Explanation:
The association stradegy is used to_________information
Answer:
The association strategy is used to help memorized information.
Explanation:
A benefit of using association is that it allows the learner to be creative and have fun. ... The association strategy is used to help memorized information.
what is the opposite of the opposite of left???
if you get it fight you get brainliest!!!!
Answer:
Opposite of left, right. Opposite of right, left
I lost some brain cells O.O
Answer:
left??? i think
Explanation:
A typical ledger format includes columns for all of the following except
Answer:Adjustments
Explanation:
A P E X
Adjustments are not included in the typical ledger format.
What is ledger format?A ledger is a book with many accounts used in accounting where records of transactions pertaining to a certain account are preserved. The big book of accounts or the book of final entry are other names for it. This book records all transactions, whether they are credited or debited.
The two forms of ledger accounts are single-entry and double-entry. Single-entry only records the debit side of an account, whereas double-entry records both the debit and credit sides of an account.
When creating a general ledger, divide each account such as the asset account into two columns.Your debits should be listed in the left column, and your credits should be listed on the right.
Thus, it is Adjustments.
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2. How should employers respond to K to 12 graduates who apply for vacant positions in
3. What were the perceived disadvantages of K to 12 graduates pcompared to college students?
4. What factors could give K to 12 graduates an advantage in the labor market?
Discussion Questions
1.
What is the dilemma K to 12 graduates face when applying for a job?
their company? Pa help asap po
Answer:
am sorry
Explanation:
i had to do it pls give me pts
Most entrepreneurs have similar characteristics, true or false?
Answer:
true
Explanation:
I entreprent for my mom lol
Which strategies will you use to improve your chances of getting an interview?
Answer:
1.more applications if for many jobs
2.Make it stand out
3. Do a video resume
The percentage of a person's pay that is deducted for FICA-Medicare is _____
Group of answer choices
1.45%
0%
5%
10%
Answer:
1.45%
Explanation:
According to the Employers Tax guide Employer's publication 15 of 2020, the medicare deduction should be 1.45% of the employee's gross pay. It means the employee is deducted 1.45% of gross pay with the employers contributing a similar amount.
Answer:
1.45%
Explanation:
How cash inflow and outflow affects the components of a financial plan
Which of the following statements accurately describes the free enterprise
system in the United States?
Answer:
Businesses are generally free of government ownership and
control
Explanation: The answer is C.
I need help bruh. Prereading activities include A. concept mapping B. discussion C. Questioning D. all of these
Answer:
D
All of these
Explanation:
Capitol Supply's sales and sales force have continued to expand. Now, the firm plans to add a fleet of company cars as part of its sales compensation package. For Capitol Supply, these vehicles would represent a ____ purchase.
Answer:
New-Task.
Explanation:
New-task purchase is that purchase made by a business of which need has not arisen before. The business didn't made decision to make purchase for this new product or purchase before. The new-task purchase decision is made by the business when a need to purchase is perceived internally or by the clients.
In the given scenario, the need to purchase 'cars as part of its sales compensation' defines the criteria of new-task purchase. In this case, Capitol's need to buy or add 'cars' into its sales compensation represents need to make 'New-task purchase.'
Therefore, the correct answer is new-task purchase.
I'm watching RUBBE LANA videos
Answer:
Thats cool
Explanation:
the fact that companies can store and access emails sent or received on their equipment limits which of your rights
Answer: the answer is Privacy
Explanation:
They are limiting your rights of privacy by them being able to access your emails and such if that makes sense.
Answer:
Privacy
Explanation:
A p e x
Select the correct answer.
Which of the following careers poses the most significant daily risk?
A.
City manager
B.
Firefighter
C.
City planner
D.
Paramedic
b- firefighter , there is daily risk of losing their lives :)
Use the following quote to answer the question.
"The power to propose the revision or amendment of any portion or portions of this constitution by initiative is reserved to the people, provided that, any such revision or amendment, except for those limiting the power of government to raise revenue, shall embrace but one subject and matter directly connected therewith."
The quote above is from the
Answer:
The Florida Constitution Article XI: Section 3
Explanation:
The above article is an extract from the Florida Constitution Article XI: Section 3. It extends the power to amend any sections of the constitution to the people except for limiting the government's power to raise revenue.
Answer: this quote is from the Florida constitution
Explanation:
hope this helps
why would a business ower lower the price of a product
Answer:
he would do so becaus the canadiens wer smugling syrup and it was making trhe price go yeet, so ppl who didnt sell at thaat price had to lower or go ot of business!1
Explanation:
Answer: A business owner may lower the price of a product if there isn't enough demand or as a promotion. A business owner's price for their products/services should only be what consumers would pay for. If they aren't willing to pay the expensive price, they should lower it. The owner may also lower the price as part of a sale to attract customers or to get rid of the product.
I hope this helped!
Good luck <3
List 3 physical side effects of anger/stress and explain how they can impact your driving.
Answer:
um Speeding.
Tailgating.
Harsh braking or cornering.
Changing lanes erratically.
Jumping red lights
Explanation:
is this ok for u
John told his sister Susan that money must be able to pass from hand to hand without being easily destroyed. John is describing which feature of money?
Answer:
B) Durable
Multiple-choices
A) Portable B) Durable
C) Divisible
D) Acceptable
Explanation:
Durability is a vital feature of money. It refers to the ability of money to be used over and over again. Durability implies that money should withstand wear and tear for a long duration. Because money is meant to circulate without limitations, it should be made to last for a considerable period. Printing of money is an expense. To save on this cost, both notes and coins should be made durable.
Select the correct answer.
What is JROTC?
A.
An organization for future politicians
B.
A CTSO for future politicians
C.
A military officer training program
D.
An organization for future police officers
d is the correct answerrr
.
Who was the colony of Jamestown named after?
A no one in particular
B one of the colonists who died on the journey
C a Native American named James who was helpful to the colonists when they arrived
King James of England
What are the risks and benefits of implementing a penetration pricing policy as compared to a competitive pricing policy?
Answer:
Penetration pricing is a pricing strategy where a company charges less than its competitors in order to entice its competitors' customers to patronise them instead.
Competitive pricing on the other hand will see a company charging the same price as its competitors.
Benefits of using Penetration pricing over Competitive
Reduce competition - If the company engaging in penetration pricing is large enough with more influence in the market, charging less than competitors might lead to competitors leaving the market as the prices will be too meagre for them to cover costs. Market Dominance - using penetration pricing can lead to customers moving from the competitors to the company using penetration pricing thereby giving that company market dominance. Economies of scale - Penetration pricing allows the company to sell more quantity of its product which means that it will have to produce more and this will reduce average costs for the company.Risks involved
Price War - There is a risk of a price war if a company uses penetration pricing. A price war happens when a company reduces its prices and their competitors react by reducing their own prices as well. It might led to a situation where this continues until all the companies are making significant losses. Brand Image damage - Cheaper products are usually perceived as having lower quality. Reducing prices might see customers believing instead that the brand is poor and so they may avoid it. Attracts low loyalty - The customers gained through this strategies most often have little brand loyalty and when a better deal comes than the one they are being offered in that moment, they will leave.3CuCl2(aq)+2Al(s)—>3Cu(s)+2AlCl3(aq) the number of moles of Cu produced in this reaction is ?
Answer:
0.078
Explanation:
We can determine the number of moles of any compound that is present in the sample by simply dividing the provided weight of the material by its molar mass. The number of moles of Cu produced in this reaction is
=[tex]8.80 * 10^{-3} mol[/tex]
To calculate the mol of Cu we have,
Mole of Al
= [tex]\frac{mass(g)}{molar mass(g/mol)}[/tex]
[tex]=\frac{0.75 g}{27 g/mol}[/tex]
[tex]=0.0277mol[/tex]
mole of [tex]Cucl_2. 2H_2o[/tex] [tex]= \frac{1.50g}{170.48 g/mol}[/tex]
= 0.00879mol
[tex]3cucl_2.2H_2o+2Al--- > 3Cu+2AlCl_3+6H_2O[/tex]
Find limiting reactant by lower mole ratio,
mole ratio of Al= moles/ balanced coefficient
[tex]=\frac{0.0277 mol}{2 mol}[/tex]
=0.01385
mole ratio of [tex]Cucl_2.2H_2o[/tex] = [tex]\frac{0.00879}{3} = 0.00293[/tex]
here, [tex]Cucl_2.2H_2o[/tex] is limiting reactant,
so, mole ratio of Cu = mole ratio of [tex]Cucl_2.2H_2o[/tex]
[tex]\frac{mole of Cu }{3} = 0.00293[/tex]
Hence mole of Cu= 3×0.00293 = [tex]8.80*10^{-3} mol[/tex]
Therefore, The number of moles of Cu produced in this reaction is
=[tex]8.80 * 10^{-3} mol[/tex]
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