On january 1, 2018, tennessee harvester corporation issued debenture bonds that pay interest semiannually on june 30 and december 31. portions of the bond amortization schedule appear below: payment cash payment effective interest increase in balance outstanding balance 4,893,518 1 280,000 293,611 13,611 4,907,129 2 280,000 294,428 14,428 4,921,557 3 280,000 295,293 15,293 4,936,850 4 280,000 296,211 16,211 4,953,061 5 280,000 297,184 17,184 4,970,245 6 280,000 298,215 18,215 4,988,460 ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ 38 280,000 397,547 117,547 6,743,328 39 280,000 404,600 124,600 6,867,928 40 280,000 412,072 132,072 7,000,000 required: 1. what is the face amount of the bonds? 2. what is the initial selling price of the bonds? 3. what is the term to maturity in years? 4. interest is determined by what approach? 5. what is the stated annual interest rate? 6. what is the effective annual interest rate? 7. what is the total cash interest paid over the term to maturity? 8. what is the total effective interest expense recorded over the term to maturity?

In the supply-and-demand schedule shown above, at the lowest price of $50, producers supply music players and consumers demand music players.

Required prepare the necessary adjusting entries in the general journal as of december 31, assuming the following: on september 1, the company entered into a prepaid equipment maintenance contract. birch company paid $3,400 to cover maintenance service for six months, beginning september 1. the payment was debited to prepaid maintenance. supplies on hand at december 31 are $3,900. unearned commission fees at december 31 are $7,000. commission fees earned but not yet billed at december 31 are $3,500. (note: debit fees receivable.) birch company's lease calls for rent of $1,600 per month payable on the first of each month, plus an annual amount equal to 1% of annual commissions earned. this additional rent is payable on january 10 of the following year. (note: be sure to use the adjusted amount of commissions earned in computing the additional rent.)

Net income and owner's equity for four businesses four different proprietorships, jupiter, mars, saturn, and venus, show the same balance sheet data at the beginning and end of a year. these data, exclusive of the amount of owner's equity, are summarized as follows: total assets total liabilities beginning of the year $550,000 $215,000 end of the year 844,000 320,000 on the basis of the preceding data and the following additional information for the year, determine the net income (or loss) of each company for the year. (hint: first determine the amount of increase or decrease in owner's equity during the year.) jupiter: the owner had made no additional investments in the business and had made no withdrawals from the business. mars: the owner had made no additional investments in the business but had withdrawn $36,000. saturn: the owner had made an additional investment of $60,000 but had made no withdrawals. venus: the owner had made an additional investment of $60,000 and had withdrawn $36,000. jupiter net income $ mars net income $ saturn net income $ venus net income $