On January 1, 2017, Damron Services issued $20,000 of 8% bonds that mature in five years. The bonds were issued for $19,000. Prepare the journal entry to issue bonds
What will be an ideal response
Cash 19,000
Discount on Bonds Payable 1,000
Bonds Payable 20,000
Business
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The manager of Hot Topics Fashion Shop has concluded that her customers find certain prices very appealing. Customers see prices above or below these levels as roughly equal--and price cuts in these ranges don't increase sales. This seems to call for
A) prestige pricing. B) bait pricing. C) leader pricing. D) psychological pricing. E) odd-even pricing.
Business
Endicott Enterprises Inc. has issued 30-year semiannual coupon bonds with a face value of $1,000. If the annual coupon rate is 14% and the current yield to maturity is 15%, what is the firm's current price per bond?
A) $934.20 B) $1,000.00 C) $934.34 D) $466.79
Business