On the First Day of the Fiscal Year, a Company

question 32

Essay

On the first day of the fiscal year, a company issues an $800,000, 6%, 5-year bond that pays semiannual interest of $24,000 ($800,000 × 6% × 1/2), receiving cash of $690,960. Journalize the entry to record the first interest payment and the amortization of the related bond discount using the straight-line method.

Recognize the role of genetics and environment in shaping animal behavior.

Comprehend the concepts of territorial and mating behaviors in animals.

Gain insights into the impact of gene expression and neural activity on behavior.

Understand the principles of optimal foraging theory and habitat selection.