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Sales Tax Payable should be credited for $10,000. Sales Revenue should be credited for $200,000. Sales Revenue should be credited for $190, 476 Cash should
Sales Tax Payable should be credited for $10,000. Sales Revenue should be credited for $200,000. Sales Revenue should be credited for $190, 476 Cash should be debited for $190,000. Mushroom Co. issued $100,000 of 10 year, 10% bonds that pay interest semiannually. The bonds are sold to yield 8%. One step in calculating t issue price of the bonds is to multiply the principal by the table value for 10 periods and 10% from the present value of 1 table. 20 periods and 5% from the present value of 1 table. 10 periods and 8% from the present value of 1 table 20 periods and 4% from the present value of 1 table. Refer again to the question above regarding Mushroom Co. Another step in calculating the issue price of the bonds is to multiply $10,000 by the table value for 10 periods and 10% from the present value of an annuity table. multiply $10,000 by the table value for 20 periods and 5% from the present value of an annuity table. multiply $10,000 by the table value for 20 periods and 4% from the present value of an annuity table. None of these. On August 31, 2018, Duchess Corp. issued 2,000 of its 5%, $1,000 bonds at 101 plus accrued interest. The bonds are dated June 3 2018 and mature in 15 years. Interest is paid semiannually on June 30 and December 31 What amount did Duchess receive from the b issuance? $2, 036, 667 $2, 020,000 $2, 016, 667 $1, 980,000
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