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Dantonio Company issues a $750,000 bond to investors. Dantonio receives $706,500 in proceeds. Dantonio's journal entry at issuance will: Debit cash $706,500 and bond discount
Dantonio Company issues a $750,000 bond to investors. Dantonio receives $706,500 in proceeds. Dantonio's journal entry at issuance will: Debit cash $706,500 and bond discount $43,500; and credit bonds payable $750,000 Debit cash $706,500 and loss on bond issuance $43,500; and credit bonds payable $750,000 Debit cash $706,500 and credits bond payable $706,500 Debit cash $750,000 and credit bonds payable $750,000 Landry's has 10,000 common stock shares issued and outstanding, and retained earnings of $100,000. Landry's declares a $2 per share cash dividend on Dec. 28, 2019 to be paid on Feb. 15, 2020 to shareholders of record as of Jan 20, 2020. What is Landry's balance of retained earnings after the dividend declaration? What is Landry's dividends payable liability on Dec 31, 2019? Assuming Landry reported net income of $32,000 for the fiscal quarter ended Dec. 31, 2019, what is Landry's balance of retained earnings after the dividend payment on Feb. 15, 2015
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