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Landings Glassware Company issues $1,121,000 of 8%, 10-year bonds at 98 on February 28, 2025. Mie bonds pay interest on February 28 and August 31.
Landings Glassware Company issues $1,121,000 of 8%, 10-year bonds at 98 on February 28, 2025. Mie bonds pay interest on February 28 and August 31. The thre journal entry to record the issuance includes a O A. credit to Bonds Payable for $1,098,580 O B. debit to Cash for $1,098,580 O C. credit to Discount on Bonds Payable for $22,420 D. debit to Cash for $1,121,000 Global Enterprises, Inc. signed a one-year $43,000 note payable at 8% interest on April 1, 2025. If Global only adjusts its accounts once a year at year-end, how much interest expense was accrued on December 31, 2025? (Round any intermediate calculations to two decimal places, and your final answer to the nearest whole number.) DINU O A. $860 B. $2,580 O C. $2,867 O D. $3,440 Which of the following is included in the entry to record the issuance of 10,000 shares of $7 par value common stock at $14 per share for cash? C O A. Common Stock is debited for $70,000. B. Paid - In Capital in Excess of Par-Common is debited for $70,000. OC. Cash is debited for $140,000 O D. Common Stock is credited for $140,000
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