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On January 1, 2019, the Maui Candy Corporation issued $500,000 of 5-year, 10% bonds at a selling price of 102. The journal entry to record

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On January 1, 2019, the Maui Candy Corporation issued $500,000 of 5-year, 10% bonds at a selling price of 102. The journal entry to record the issuance of the bonds would include a O A. Credit to Bonds Payable for $510,000. O B. Credit to Premium on Bonds Payable for $10,000. O C. Debit to Discount on Bonds Payable for $10,000. O D. Debit to Cash for $500,000. National Beverage Corporation "innovatively develops, produces, markets and sells a distinctive portfolio of sparkling waters, juices, energy drinks and carbonated soft drinks primarily in the United States and Canada. Its brands include LaCroix, Shasta Sparkling Water, and Rip It energy drinks. National Beverage Corporation presented the following information in its most recent consolidated financial statements (amounts in thousands): For the Year Ended April 28, 2018 April 28, 2018 Net sales $975,734 Total current assets $ 352.967 Net income 149,774 Total assets 458,832 sets $352,967 What is National Beverage Corporation's asset turnover for its most recent fiscal year ended April 28, 2018? Recall that asset turnover is calculated as net sales divided by average total assets (note that beginning total assets at April 29, 2017 were $353,983 thousand). O A. 0.33 times B. 2.40 times O C. 2.13 times O D. 2.76 times QUESTION 13 On September 1, 2019, Westwood Builders borrowed $200,000 from Colorado State Bank by issuing a 7-month, $200,000, 6% note. Westwood Builders recorded the December 31, 2019 year-end adjusting entry to accrue interest. What entry will Westwood Builders make to pay off the note and interest at maturity on April 1, 2020? Notes Payable 200,000 7,000 O A. Interest Expense Cash 207,000 200,000 Notes Payable . Cash 200,000 Notes Payable O C. Interest Payable 200,000 7,000 Cash 207,000 Notes Payable 200,000 Interest Payable 4,000 OD. 3,000 Interest Expense Cash 207,000

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