On March 1, Warwick's Co., a women's clothing store, purchased $72,900 of merchandise from a supplier on account, terms FOB destination, 2/10, n/30.
Answers (1)
On June 30, 2012, Mackes Company issued $5,000,000 face value of 13%, 20-year bonds at $5,376,150, a yield of 12%. Mackes uses the effective interest method to amortize bond premium or discount.
Answers (1)