In 1991 the Argentine peso was fixed to the value of the U.S. dollar on a one-to-one basis

Schmid Corporation issues $540,000, 8%, 5-year bonds on January 1, 2017 for $489,000. Interest is paid semiannually on January 1 and July 1

If Schmid uses the straight-line method of amortization of bond discount, the amount of bond interest expense on July 1, 2017 is: A) $16,500. B) $21,600. C) $26,700. D) $48,300.

The balance of the Unearned Fees account on the December 31, trial balance totals $48,000 . If only $5,000 of this total remains unearned, what will be the required adjusting entry?

a. Cash, debit, $43,000; Fees Earned, credit, $43,000. b. Unearned Fees, debit, $43,000; Fees Earned, credit, $43,000. c. Unearned Fees, debit, $48,000; Fees Earned, credit, $48,000. d. Unearned Fees, debit, $5,000; Fees Earned, credit, $5,000. e. Fees Earned, debit, $5,000; Unearned Fees, credit, $5,000.