On may 1, 20y6, stanton company purchased $100,000 of harris company's 12% bonds at 100 plus accrued interest of $4,000. on june 30, 20y6, stanton received its first semiannual interest. on february 1, 20y7, stanton sold $80,000 of the bonds at 103 plus accrued interest. the journal entry stanton will record on february 1, 20y7, will include a
a. credit to interest revenue for $2,400.
b. credit to gain on sale of investments for $2,400.
c. debit to cash for $82,400
d. credit to interest receivable for $1,000.

On the first day of the fiscal year, a company issues an $7,500,000, 8%, five-year bond that pays semiannual interest of $300,000 ($7,500,000 × 8% × ½), receiving cash of $7,740,000. journalize the first interest payment and the amortization of the related bond premium. round to the nearest dollar. if an amount box does not require an entry, leave it blank.

On january 1, vermont corporation had 40,000 shares of $10 par value common stock issued and outstanding. all 40,000 shares has been issued in a prior period at $20.00 per share. on february 1, vermont purchased 3,750 shares of treasury stock for $24 per share and later sold the treasury shares for $21 per share on march 1. the journal entry to record the purchase of the treasury shares on february 1 would include a credit to treasury stock for $90,000 debit to treasury stock for $90,000 credit to a gain account for $112,500 debit to a loss account for $112,500

Which of the following is an example of search costs? a.) driving to a faraway place to find available goods b.) buying goods in some special way that is outside the normal channels c.) paying a premium cost for goods d.) selling extra goods for a discount price