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On the first day of the fiscal year, a company issues a $980,000,10%,5-year bond that pays semiannual interest of $49,000 ( $980,00010%1/2 ), receiving cash of $884,180. Journalize the entry to record the issuance of the bonds. If an amount box does not require an entry, leave it blank. Based on the following data for the current year, what is the inventory turnover? Do not round interim calculations. Round your final answer to one decimal place. a. 26.7 b. 1.1 c. 4.3 d. 3.2 Nebraska inc. issues 2,300 shares of common stock for $73,600. The stock has a stated value of $15 per share. The joumal entry to record the stock issuance would include a credit to Common stock for a. 53,500 b. $73,600 c. 52,300 d. 539,100 A corporation purchases 8,675 shares of its own $10 par common stock for $20 per share, recording it at cost. What will be the effect on total stockholders' equity? a. increase by 586,750 b. increase by 5173,500 c. decrease by $86,750 d. decrease by 5173,900