subject
Business, 05.05.2020 21:07 steven983

On January 1, 2017, Streuly Sales issued $34,000 in bonds for $18,700. These are six−year bonds with a stated rate of 9% and pay semiannual interest. Streuly Sales uses the straight−line method to amortize the Bond Discount. Immediately after the issue of thebonds, the ledger balances appeared as follows:

Bonds Payable
34,000
Discount on Bonds Payable
15,300

After the second interest payment on December 31, 2017, what is the balance of Discount on Bonds Payable? (Round any intermediate calculations to two decimal places, and your final answer to the nearest dollar.)

A. debit of $14,025
B. debit of $16,575
C. credit of $15,300
D. debit of $12,750

ansver
Answers: 3

Other questions on the subject: Business

image
Business, 22.06.2019 12:30, cheyannehatton
Suppose that two firms produce differentiated products and compete in prices. as in class, the two firms are located at two ends of a line one mile apart. consumers are evenly distributed along the line. the firms have identical marginal cost, $60. firm b produces a product with value $110 to consumers. firm a (located at 0 on the unit line) produces a higher quality product with value $120 to consumers. the cost of travel are directly related to the distance a consumer travels to purchase a good. if a consumerhas to travel a mile to purchase a good, the incur a cost of $20. if they have to travel x fraction of a mile, they incur a cost of $20x. (a) write down the expressions for how much a consumer at location d would value the products sold by firms a and b, if they set prices p_{a} and p_{b} ? (b) based on your expressions in (a), how much will be demanded from each firm if prices p_{a} and p_{b} are set? (c) what are the nash equilibrium prices?
Answers: 3
image
Business, 22.06.2019 12:30, victorialeona81
Provide an example of open-ended credit account that caroline has. caroline blue's credit report worksheet.
Answers: 1
image
Business, 22.06.2019 17:30, harshakayla02
According to management education expert ashok rao, companies can increase their profitability by through careful inventory management. a. 5% to 10% b. 10% to 25% c. 20% to 50% d. 75%
Answers: 1
image
Business, 22.06.2019 19:00, nativebabydoll35
In north korea, a farmer’s income is the same as a dentist’s income. in a country with a mixed or market economy, the difference between those two professions might be more than 5 times different. how can you explain the fact that individuals doing the same work in different countries do not earn comparable salaries?
Answers: 1
You know the right answer?
On January 1, 2017, Streuly Sales issued $34,000 in bonds for $18,700. These are six−year bonds with...

Questions in other subjects: