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

question 65

Short Answer

Four thousand bonds with a face value of $1,000 each, are sold at 102. The entry to record the issuance is

---

Definitions:

Cyclical Unemployment

Unemployment that is linked to the cyclical trends in the economy, typically increasing during recessions and decreasing during expansions.

Economy

The system by which goods and services are produced, distributed, and consumed within a particular country or area.

Inflation

Inflation is the rate at which the general level of prices for goods and services is rising, leading to a decrease in the purchasing power of money.

Labor Force Participation Rate

The percentage of the total working-age population that is active in the labor market, either employed or actively seeking employment.