On November 1, 2013, Archangel Services Issued $200,000 of 10-Year

question 81

Essay

On November 1, 2013, Archangel Services issued $200,000 of 10-year bonds with a stated rate of 3%. The bonds were sold at discount for $191,000 and make semiannual payments on April 30 and October 31. At December 31, 2013, Archangel made an adjusting entry to accrue interest at year-end. Please provide that entry.

Learn the types of endorsements and their legal consequences.

Recognize the implications of forgery and liability in payment instruments.

Understand the characteristics and use of various payment and negotiable instruments.

Clarify the legal responsibilities of parties in cases of mistaken identity or payment discrepancies.

---

Definitions:

Academic Failure

The inability to meet the prescribed criteria or standards of academic achievement.

Intrinsic Motivation

is the drive to engage in an activity for its own sake, deriving pleasure and satisfaction from the participation itself, not from external rewards.

Mastery of Tasks

The degree to which an individual has acquired the knowledge, skills, and abilities to proficiently perform specific tasks.

Self-perception Theory

A theory that suggests individuals develop their attitudes and feelings by observing their own behavior and concluding what attitudes must have caused it.