A company issued $1,000,000 of 30-year, 8% callable bonds on April 1, with interest payable on April 1 and October 1. The fiscal year of the company is the calendar year. Journalize the entries to record the following selected transactions:

Explanation:

The journal entries are shown below:

1. Cash A/c Dr  $1,000,000

        To Bonds payable A/c  $1,000,000

(Being the bond is issued)

2. Interest expense A/c Dr $40,000  

         To Cash A/c $40,000

(Being the interest expense is recorded)

The computation is shown below:

= ($1,000,000 × 8% × 6 months ÷ 12 months)

= $40,000

3. Bond payable A/c Dr $1,000,000

   Loss on redemption of bond A/c Dr $40,000

             To Cash A/c $1,040,000

(Being the bond issue called is recorded)

answer: e

explanation:

1) the stages a new product goes through from beginning to end, i.e., the stages that a product passes through from introduction through growth, maturity, and decline. 2) the time from initial research and development to the time at which sales and support of the product to customers are withdrawn. 3) the period of time during which a product can be produced and marketed profitably.

                                          hope it