McDonald Sales Prepared a Debenture Issue of $20 000 Dated

question 6

Multiple Choice

McDonald Sales prepared a debenture issue of $20 000 dated 1 January 2013. The debentures have a stated rate of 3% and a term of 6 years. The debenture issue was delayed, and the debentures were finally sold on 1 March 2013 at par. The journal entry to record the issue of the debentures on 1 March 2013 will include which of the following?

• A)Credit to Interest payable of $100
• B)Debit to Cash for $20 300
• C)Credit to Debentures payable for $20 100
• D)Credit to Cash for $20 110

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Definitions:

Intelligence Theories

Various frameworks and hypotheses developed to explain the nature, origins, and practical implications of human intelligence.

Investigation of Intelligence

The systematic study of varying levels of intellect and cognitive ability among individuals, often involving the evaluation of problem-solving skills and understanding.

Assessment of Intelligence

A process or method used to measure a person’s mental abilities and compare them with others using numerical scores.

Nature of Intelligence

Explores the fundamental characteristics, origins, and variations of intelligence, including debates on its definition, measurement, and influence of genetics vs. environment.