Thrillville has $39.5 million in bonds payable. One of the contractual agreements in the bond is...

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I. Journalize the following transactions: 1. Madison Co. purchased $225,500 of raw materials on account. 2. Actual manufacturing overhead costs include: Utilities : $2,800 a b. Depreciation on...
Thrillville has $41 million in bonds payable. One of the contractual agreements in the bond indenture is that the debt to equity ratio cannot exceed 2.0. Thrillvilles total assets are $81 million,...
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