On february 1, 2018, strauss-lombardi issued 9% bonds, dated february 1, with a face amount of $800,000. the bonds sold for $731,364 and mature on january 31, 2038 (20 years). the market yield for bonds of similar risk and maturity was 10%. interest is paid semiannually on july 31 and january 31. strauss-lombardi’s fiscal year ends december 31. required: 1. to 4. prepare the journal entry to record their issuance by strauss-lombardi on february 1, 2018, interest on july 31, 2018 (at the effective rate), adjusting entry to accrue interest on december 31, 2018 and interest on january 31, 2019

The business cycle is the periodic but irregular up-and-down movement in economic activity, measured by fluctuations in real gross domestic product (gdp) and other macroeconomic variables. a business cycle is typically characterized by four phases—recession, recovery, growth, and decline—that repeat themselves over time. economists note, however, that complete business cycles vary in length. the duration of business cycles can be anywhere from about two to twelve years, with most cycles averaging six years in length. some business analysts use the business cycle model and terminology to study and explain fluctuations in business inventory and other individual elements of corporate operations. but the term "business cycle" is still primarily associated with larger (industry-wide, regional, national, or even international) business trends.

Yeah, they did, i