On january 1, 2017, shay issues $410,000 of 12%, 20-year bonds at a price of 97.50. six years later, on january 1, 2023, shay retires 20% of these bonds by buying them on the open market at 105.00. all interest is accounted for and paid through december 31, 2022, the day before the purchase. the straight-line method is used to amortize any bond discount.1. how much does the company receive when it issues the bonds on january 1, 2017? 2. what is the amount of the discount on the bonds at hanuary 1, 2017? 3. how much amortization of the discount is recorded on the bonds for the entire period from jnauary 1, 2017 through december 31, 2022? 4. what is the carrying value of the bonds as of the close of business on december 31, 2022? what is the carrying value of the 20% soon-to-be-retired bonds on this same date? 5. how much did the company pay on january 1, 2023 to purchase the bonds that it retired? 6. what is the amount of the recorded gain or loss from retiring the bonds? 7. prepare the journal entry to record the bond retirement at january 1, 2023.

1tanner invested $135,000 cash along with office equipment valued at $32,400 in the company in exchange for common stock. 2 the company prepaid $7,200 cash for 12 months’ rent for office space. (hint: debit prepaid rent for $7,200.) 3 the company made credit purchases for $16,200 in office equipment and $3,240 in office supplies. payment is due within 10 days. 6 the company completed services for a client and immediately received $2,000 cash. 9 the company completed a $10,800 project for a client, who must pay within 30 days. 13 the company paid $19,440 cash to settle the account payable created on april 3. 19 the company paid $6,000 cash for the premium on a 12-month insurance policy. (hint: debit prepaid insurance for $6,000.) 22 the company received $8,640 cash as partial payment for the work completed on april 9. 25 the company completed work for another client for $2,640 on credit. 28 the company paid $6,200 cash in dividends. 29 the company purchased $1,080 of additional office supplies on credit. 30 the company paid $700 cash for this month’s utility bill. prepare general journal entries to record these transactions. 2. post the journal entries from part 1 to the ledger accounts.

Match each of the terms below with an example that fits the term. a. fungibility the production of gasoline b. inelasticity the switch from coffee to tea c. non-excludability the provision of national defense d. substitution the demand for cigarettes

Ryan terlecki organized a new internet company, capuniverse, inc. the company specializes in baseball-type caps with logos printed on them. ryan, who is never without a cap, believes that his target market is college and high school students. you have been hired to record the transactions occurring in the first two weeks of operations.