Marker Musical Products issued bonds with a face value of $100,000 and an annual stated interest rate
Question:
Marker Musical Products retired the bonds on July 2, 2018, by repurchasing them for $91,700 in cash.a. Provide the journal entry recorded on July 1, 2018, when the interest payment is made.
b. Prepare the journal entry to record the retirement of the bonds. Face Value
Face value is a financial term used to describe the nominal or dollar value of a security, as stated by its issuer. For stocks, the face value is the original cost of the stock, as listed on the certificate. For bonds, it is the amount paid to the...
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a Interest Expense E RE 482270 a Cash A 400000 b Discount on Bonds Payable ...View the full answer
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Rustia Melrod
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The Common Core standards are a useful yardstick for measuring how well students are doing. My students consistently met or exceeded the Common Core standards for science. I believe in working with each student's individual learning styles to help them understand the material. If students were struggling with a concept, I would figure out a different way to teach or apply that concept. I was voted Teacher of the Year six times in my career. I also won an award for Innovative Teaching Style at the 2011 National Teaching Conference.
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