Cross-functional teams can be used to achieve linkages across the various and interdependent activities of an organization's value chain

A generally accepted account title is

a. Prepaid Revenue. b. Appropriation for Contingencies. c. Earned Surplus. d. Reserve for Doubtful Accounts.

On January 1, 2017, Streuly Sales issued $29,000 in bonds for $20,700

These are six-year bonds with a stated rate of 12% and pay semiannual interest. Streuly Sales uses the straight-line method to amortize the Bond Discount. Immediately after the issue of the bonds, the ledger balances appeared as follows: Bonds Payable 29,000 Discount on Bonds Payable 8,300 After the second interest payment on December 31, 2017, what is the balance of Discount on Bonds Payable? A) debit of $7,608 B) debit of $8,992 C) debit of $6,917 D) credit of $8,300