Margaret bought a $1,000, five-year bond with the coupon rate of 6%. On the purchase date, the market interest rate was 4% The bond pays interest semi-annually. How much interest would Margaret receive semi-annually? Select one a $60 b. $30 c. $40 d. $20 For your company, office supplies showed a debit balance of $6,800 on the unadjusted trial balance. The company used $3,200 of their office supplies during the fiscal penod. What will be the value of office supplies shown in the adjusted trial balance? Select one: a. Credit balance of $3,600 b. Debit balance of $3,600 C. Debit balance of $10,000 d. Credit balance of $10,000 Trudeau Company provides $2.000 worth of services to customers and will receive payment within 30 days. How should this transaction be recorded? Select one a. Increase cash, decrease accounts receivable b. Increase cash; increase revenue c. Increase cash, increase unearned revenue d. Increase accounts receivable, increase revenue On January 1, 2020, Stark Company purchased a new factory for $120,000 The company expects to utilize the factory for the next 20 years before they will require a new one, and estimate that it will have a salvage value of $20,000. Stark Company uses the straight-line method to account for depreciation. What is the adjusting entry required on December 31, 2020, the year end date, to record any yearly accrued expenses on the factory? Select one: a. Dr. Accumulated depreciation $5,000; Cr. Depreciation expense $5,000 b. Dr. Depreciation expense S6,000. Cr. Accumulated depreciation $6,000 c. Dr. Depreciation expense $5,000; Cr. Accumulated depreciation $5,000 d. Dr. Depreciation expense $6,000; Ct. Property, plant & equipment $6,000 Refer to the following information related to four companies Company Net Credit Sales Average Accounts Receivable Company A $1,000,000 $300,000 Company B $700,000 $250,000 Company C $500,000 $100,000 Company D $1,500,000 $400,000 The company with the least desirable accounts receivable turnover is: Select one: a. Company A b. Company B c. Company d. Company D