Preparing journal entries to record issuance of bonds at face value, payment of interest, and early retirement
on january 1, 2010, innovative solutions, inc., issued $200,000 in bonds at face value. the bonds have a stated interest rate of 6 percent. the bonds mature in 10 years and pay interest once per year on december 31.
required:
1. prepare the journal entry to record the bond issuance.
2. prepare the journal entry to record the interest payment on december 31, 2010. assume no interest has been accrued earlier in the year.
3. assume the bonds were retired immediately after the first interest payment at a quoted price of 102. prepare the journal entry to record the early retirement of the bonds.

Elliott company produces large quantities of a standardized product. the following information is available for its production activities for march. units costs beginning work in process inventory 2,500 beginning work in process inventory started 25,000 direct materials $ 3,725 ending work in process inventory 5,000 conversion 11,580 $ 15,305 status of ending work in process inventory direct materials added 185,750 materials—percent complete 100 % direct labor added 182,375 conversion—percent complete 30 % overhead applied (140% of direct labor) 255,325 total costs to account for $ 638,755 ending work in process inventory $ 62,530 prepare a process cost summary report for this company, showing costs charged to production, unit cost information, equivalent units of production, cost per eup, and its cost assignment and reconciliation. use the weighted-average method. (round "cost per eup" to 2 decimal places.)

Financial information that is capable of making a difference in a decision is

Select the correct answer. sarah works in a coffee house where she is responsible for keying in customer orders. a customer orders snacks and coffee, but later, cancels th snacks, saying she wants only coffee. at the end of the day, sarah finds that there is a mismatch in the snack items ordered. which term suggest data has been violated? a. security b. integrity c. adding d. reliability e. reporting