Cullumber Company issues $3.40 million, 20-year, 9% bonds at 98, with interest payable on December 31. The straight-line method is used to amortize bond discount. Collapse question part (a) Partially correct answer. Prepare the journal entry to record the sale of these bonds on January 1, 2017. (Credit account titles are automatically indented when amount is entered. Do not indent manually.) Date Account Titles and Explanation Debit Credit Jan. 1 Entry field with correct answer

Dr cash                                            $3,332,000

Dr discount on bonds payable           $68,000

Cr bonds payable                                                $3,400,000

Explanation:

The cash proceeds from the bond issuance is 98% of the face value.

Cash proceeds=$3,400,000*98%=$3,332,000.00  

This meant that the bond was issued at a discount of $ 68,000.00    ($3,400,000-$3,332,000).

In recording the bond issuance, the cash account is debited with the cash proceeds of $3,332,000  with the discount on bonds payable debited with $68,000 while bonds payable is credited with the face value of $3,400,000

ans.

heterothermic organisms include those organisms that can switch between homeothermic (having body temperature higher than environment) and poikilothermic (having variation in internal body temperature) strategies.

some migratory birds show heterothermy as they decrease their metabolic rate during cold nights to keep their body temperature low. drop in metabolic rate allows increase in production efficiency of birds that reduces the internal body temperature to make it equal to external cold temperature during cold nights.

thus, the correct answer is 'birds allow their temperature drop in order to increase their production efficiency.'

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