In the retail business, the reference price is often listed on the sales tag as the:

On January 1, 2017, Ahrens Services issued $169,000 of six-year, 12% bonds when the market interest rate was 11%

The bonds were issued for $172,000. Ahrens uses the effective-interest method to amortize the bond premium. Semiannual interest payments are made on June 30 and December 31 of each year. Which of the following is the correct journal entry to record the first interest payment? (Round your answers to the nearest dollar number.) A) Interest Expense 9,295 Cash 9,295 B) Interest Expense 9,295 Discount on Bonds Payable 845 Cash 10,140 C) Interest Expense 9,460 Premium on Bonds Payable 680 Cash 10,140 D) Cash 10,140 Premium on Bonds Payable 845 Interest Expense 9,295

A manufacturer is liable for express warranties made by wholesalers and retailers

Indicate whether the statement is true or false