Four Thousand Bonds with a Face Value of $1,000 Each

question 61

Short Answer

Four thousand bonds with a face value of $1,000 each, are sold at 105. The entry to record the issuance is

---

Definitions:

Good

A material item or service that satisfies a need or desire and is available for purchase or trade.

Demand-Side

Economic policies or concepts focused on increasing demand for goods and services as a way to stimulate economic growth.

Market Failures

Situations where the allocation of goods and services by a free market is not efficient, often leading to a net social welfare loss.

Shortage

The amount by which the quantity demanded of a product exceeds the quantity supplied at a particular (below-equilibrium) price.