On January 1,a Company Issues Bonds Dated January 1 with a Par

question 123

Multiple Choice

On January 1,a company issues bonds dated January 1 with a par value of $600,000.The bonds mature in 3 years.The contract rate is 7%,and interest is paid semiannually on June 30 and December 31.The bonds are sold for $564,000.The journal entry to record the first interest payment using straight-line amortization is:

• A)Debit Interest Payable $21,000; credit Cash $21,000.
• B)Debit Interest Expense $21,000; credit Cash $21,000.
• C)Debit Interest Expense $27,000; credit Discount on Bonds Payable $6,000; credit Cash $21,000.
• D)Debit Interest Expense $15,000; debit Discount on Bonds Payable $6,000; credit Cash $21,000.
• E)Debit Interest Expense $21,000; credit Premium on Bonds Payable $6,000; credit Cash $15,000.

Understand the key concepts and theories related to social influence, including conformity, obedience, and compliance.

Identify and explain the psychological mechanisms behind people's reactions in social situations, such as the bystander effect and diffusion of responsibility.

Describe the role of specific brain structures in prosocial behavior.

Explain the factors that can increase or decrease the likelihood of helping behavior in different contexts.

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