Flint Corporation Issues a $2,000,five-Year,6% Bond,dated January 1,2017,that Pays Interest

question 56

Essay

Flint Corporation issues a $2,000,five-year,6% bond,dated January 1,2017,that pays interest on June 30 and December 31 and is sold at par on March 1,2017.Provide the journal entry on March 1,2017,and June 30,2017.

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Definitions:

Labor Demand

The total amount of workers that employers in the economy want to hire at any given wage rate.

Price Change

A shift in the cost at which goods or services are sold, either increasing or decreasing in amount.

Price Elastic

The degree to which the quantity demanded of a product changes in response to a change in its price.

Capital

Capital refers to financial assets or the financial value of assets, such as funds held in deposit accounts, as well as the tangible machinery and production equipment used in environments such as factories and other manufacturing facilities.