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Landings Glassware Company issues $1,059,000 of 16%, 10-year bonds at 95 on February 28, 2025. The bonds pay interest on February 28 and August 31.
Landings Glassware Company issues $1,059,000 of 16%, 10-year bonds at 95 on February 28, 2025. The bonds pay interest on February 28 and August 31. The journal entry to record the issuance includes a O A. debit to Cash for $1,059,000 O B. debit to Cash for $1,006,050 O c. credit to Bonds Payable for $1,006,050 O D. credit to Discount on Bonds Payable for $52,950 possible April, Inc. issued 3,000 shares of preferred stock for $210,000. The stock has a par value of $70 per share. The journal entry to record this transaction would BIN O A. debit Cash $210.000 and credit Preferred Stock-$70 Par Value $210,000 O B. Credit Cash $210,000, debit Preferred Stock-$70 Par Value $3,000, and debit Paid - In Capital in Excess of Par-Preferred $207,000 O C. debit Cash $210,000, credit Preferred Stock-$70 Par Value $3,000, and credit Paid - In Capital in Excess of Par-Preferred $207,000 OD. Credit Cash $210,000 and debit Preferred Stock-$70 Par Value $210,000 On November 1, 2024, Arch Services issued $333,000 of eight-year bonds with a stated rate of 12% at par Interest payments occur each April 30 and October 31. On December 31, 2024, Arch made an adjusting entry to accrue interest at year-end. What is the amount of Interest Expense that will be recorded on December 31, 2024? (Do not round any intermediate calculations, and round your final answer to the nearest dollar) O A. $6,660 O B. $19.980 O C. $833 OD. $39.960
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