Exhibit 14-1 Alfred issued 9%, ten-year bonds dated January 1, 2010, with a face value of $100, 000 at 102 plus accrued interest on March 1, 2010.Alfred amortizes premiums and discounts using the straight-line method.Expenses connected with the issue totaled $5, 000 and were deducted in arriving at the net proceeds.
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Refer to Exhibit 14-1.The entry to record the issue would include a debit to Cash for
A) $ 97, 000
B) $ 98, 500
C) $102, 000
D) $103, 500
Correct Answer:
Verified
Q26: Exhibit 14-3 Nazzi, Inc.sold $400, 000 of
Q27: Premium on Bonds Payable is a(n)
A)valuation account
B)contra
Q28: Exhibit 14-3 Nazzi, Inc.sold $400, 000 of
Q29: Exhibit 14-2 Mara Corporation issued $400, 000
Q30: Bonds with a face value of $100,
Q32: Under the straight-line amortization method, interest expense
Q33: Exhibit 14-3 Nazzi, Inc.sold $400, 000 of
Q34: Exhibit 14-2 Mara Corporation issued $400, 000
Q35: Bonds dated June 1 with a face
Q36: Exhibit 14-2 Mara Corporation issued $400, 000
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