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Question 10 --/5 (4) Using the information from question #3, assume that 50% of the bonds were retired on July 1, 2014 at 90. b)
Question 10 --/5 (4) Using the information from question #3, assume that 50% of the bonds were retired on July 1, 2014 at 90. b) The journal entry to record the retirement of the bonds includes. (5 points) Debit to Cash $45,000, debit to U/A Discount $1,145 and a credit to Bonds Payable $100,000 Credit to Cash $45,000, a credit to U/A Discount $1,145, and a credit to Bonds Payable $100,000 Credit to Bonds Payable $50,000, credit to U/A Discount $1,145, debit to Cash $50,000 e Debit to Bonds Payable $45,000, dedit to U/A Discount $1,145, and a credit to Cash $50,000 Debit to Bonds Payable $50,000, a credit to Cash $45,000 and a credit to U/A Discount $1,145 Question 11 (--/5 13 of 21 completed Drafts Are Disabled Submit Question 21 6 (0) Indicate which of the following statements is true. (3 points) Totals of major classes of assets can be shown in the balance sheet, with details disclosed in the notes to the financial statements. Since intangible assets lack physical substance, they should only be reported in the notes to the financial statements. Goodwill should be reported as a contra account in the owner's equity section. 4 None of the above
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