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zhuklara [117]
2 years ago
14

Holthausen Corporation issued $400,000 of 11%, 20-year bonds at 108 on January 1, 2013. Interest is payable semiannually on June

30 and December 31. Through January 1, 2019, Holthausen amortized $4,191 of the bond premium. On January 1, 2019, Holthausen retires the bonds at 103.
Required

a. Prepare journal entries to record the issue and retirement of these bonds.
Business
1 answer:
lora16 [44]2 years ago
3 0

Answer:

Journal Entries

Explanation:

The journal entries are as follows

1. Cash $432,000

        To Bonds payable $400,000

        To Premium on bond payable $32,000

(Being the issuance of the bond is recorded)

The premium on bond payable is computed below:

= $400,000 ÷ $100 × $8

= $32,000

The $8 comes from $108 - $100

2. Bond payable     $400,000

  Premium on bond payable $27,809

             To Cash    $412,000         ($400,000 × 103%)

             To Gain on bond redemption  $15,809       ($432,000 - $4,191 - $412,000)

(Being the retirement of the bond is recorded)

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Answer:

D) declaring victory too soon

Explanation:

John Kotter in this theory of leadership explains the concept and importance of change. He basically believes that the company shall be currently functional.

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During 2019, Ocean Consulting had the following transactions with it clients (customers): On February 1, 2019, the company recei
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Answer:

$20,000

Explanation:

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= $20,000

Therefore for computing the stockholder equity we simply applied the above formula so that the correct value could come

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1 year ago
In order to do an effective job, the CSIRT needs to know who it works for and what systems it should focus on; in other words, i
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Answer:

Constituency

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7 0
2 years ago
As the television industry has changed in the last few decades from just three major networks to a multiplicity of networks, one
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Answer:

The answer is narrower competitive scope.

Explanation:

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2 years ago
The admissions director at big city university proposed using the iq scores of current students as a marketing tool. the univers
Vika [28.1K]

The complete question is as follows:

The admission directory of Big City University has a novel idea. He proposed using the IQ scores of current students as a marketing tool. The university agrees to provide him with enough money to administer IQ tests to 50 students. So the director gives the IQ test to an SRS of 50 of the university’s 5000 freshman. The mean IQ score for the sample is xbar=112. The IQ test he administered is known to have a σ of 15. What is the 95% Confidence Interval about the mean? What can the director say about the mean score of the population of all 5000 freshman?

Answer: The 95% confidence interval about the mean is Confidence interval = 107.84 \leq \mu \leq 116.16.

The director can say that he is 95% confident that the mean IQ score of the 5000 freshmen lies between 107.84 and 116.16.

We follow these steps to arrive at the answer:

Since the population standard deviation of the IQ test is known, we can use the Z scores to find the confidence interval.

The formula for the confidence interval about the mean is:

Confidence interval = \overline{X}\pm Z*\frac{\sigma}{\sqrt{n}}

In the equation above, X bar is known as the point estimate and the second term is known as Margin of Error.

The Critical Value of Z at the 95% confidence level is 1.96.

Substituting the values in the question in the equation above we have,

Confidence interval = \112\pm 1.96*\frac{15}{\sqrt{50}}

Confidence interval = \112\pm 4.157787873}

Confidence interval = 107.8422121 \leq \mu \leq 116.1577879

5 0
1 year ago
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