Question
A cash register tape shows cash sales of $9900and sales taxes of $495. The journal entry to record this information is Cash 10395 Sales Revenue
A cash register tape shows cash sales of $9900and sales taxes of $495. The journal entry to record this information is
Cash 10395
Sales Revenue 9900
Sales Taxes Payable 495
Cash 10395
Sales Tax Revenue 495
Sales Revenue 9900
Cash 9900
Sales Revenue 9900
Cash 9900
Sales Tax Expense 495
Sales Revenue 10395
Bonds with a face value of $672000and a quoted price of98.5have a selling price of
$660240.
$658896.
$661920.
$658594.
Five thousand bonds with a face value of $2000each, are sold at108. The entry to record the issuance is
Cash 10000000
Premium on Bonds Payable 800000
Bonds Payable 10800000
Cash 10800000
Discount on Bonds Payable 800000
Bonds Payable 10000000
Cash 10800000
Bonds Payable 10800000
Cash 10800000
Premium on Bonds Payable 800000
Bonds Payable 10000000
Carla Vista Co.received proceeds of $1025000on10-year,9% bonds issued on January 1, 2019. The bonds had a face value of $1088000, pay interest annually on December 31, and have a call price of104.Carla Vistauses the straight-line method of amortization. What is the amount of interestCarla Vistamust pay the bondholders in 2019?
$104220
$97920
$91620
$92250
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