A $4000, 6% bond is sold at 93. When the bond is issued, the Cash account will be increased by Select one: A. $4000. B. $4280. C. $3720. D. $3960. If the accounts payable turnover is 5.7, what is the days' payable outstanding? (Round your answ nearest day.) Select one: A. 14 days B. 54 days C. 51 days D. 64 days

A $4000, 6% bond is sold at 93. When the bond is issued, the Cash account will be increased by Select one: A. $4000. B. $4280. C. $3720. D. $3960. If the accounts payable turnover is 5.7, what is the days' payable outstanding? (Round your answ nearest day.) Select one: A. 14 days B. 54 days C. 51 days D. 64 days

Principles of Accounting Volume 1

19th Edition

ISBN:9781947172685

Author:OpenStax

Publisher:OpenStax

Chapter13: Long-term Liabilities

Section: Chapter Questions

Problem 6MC: On July 1, a company sells 8-year $250,000 bonds with a stated interest rate of 6%. If interest...

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