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

question 44

Multiple Choice

One thousand bonds with a face value of $1,000 each, are sold at 104. The entry to record the issue is
a)
$\begin{array} { l l r r } & \text { Cash } & 1,040,000 & \\ & \text { Bonds Payable } & & 1,000,000 \\& \text { Interest Payable } & & 40,000 \\\end{array}$
b)
$\begin{array} { l l r r } & \text { Cash } & &961,538 \\ & \text { Bonds Payable } &&& 961,538 \\\end{array}$
c )
$\begin{array} { l l r r } & \text { Cash } & & 1,040,000 \\ & \text { Bonds Payable } & &&1,040,000 \\\end{array}$
d)
$\begin{array} { l l r r } & \text { Cash } &1,000,000& \\ & \text { Interest Expense } & 40,000 & \\& \text { Bonds Payable } & & 1,040,000\\\end{array}$

• A) Choice A
• B) Choice B
• C) Choice C
• D) Choice D

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Definitions:

Simple Conflict

A disagreement or discrepancy between individuals or groups that is straightforward and can be resolved with minimal complexity.

Pseudoconflict

A misunderstanding that arises from poor communication, leading to the perception of conflict where there is none.

Ego Conflict

A psychological struggle where two parts of one's self or desires are in opposition.

Coercive Relationship

A relationship dynamic where one party exerts control over the other through threats, intimidation, or manipulation.