Payroll is your answer.
Payroll is a list that have all employees listed on it as well as the amount they were to be paid during a certain amount of time.
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Answer:
December 31, 2018, bonds are issued
Dr Cash 461,795
Cr Bonds payable 450,000
Cr Premium on bonds payable 11,795
amortization expense per coupon = $11,795 / 6 coupon payments = $1,965.83
June 30, 2019, first coupon payment
Dr interest expense 18,284.17
Dr Premium on bonds payable 1,965.83
Cr Cash 20,250
The amortization of the premium on bonds payable decreases the interest expense.
Due to the error in the recording of correct amount of inventory the ,at the end of Madison river supply balance sheet , the inventory , current assets, total assets and shareholders equity would be understated by $10,400.
Now due to the error in recording correct amount of inventory , in the balance sheet it will be shown as understated by $10,400 ( $555,400 - $5454,000 ) , now because of this the current assets would become understated by the same amount as inventory comes under the current assets.
Since current assets are understated , the total assets of the company would also be understated and so do shareholders equity as the net income has decreased because of the increase in cost of goods sold.
Answer:
The correct option is escrow licensees may not solicit or accept escrow instructions containing any blank to be filled in after signing or initialing.
Explanation:
Escrow agreement involves a third party managing funds belonging to two or more parties in a transaction before the funds are disbursed to them.
One of the prohibited escrow related activity is that the agent cannot disburse the commission on real estate to beneficiaries prior to closing the escrow account.
