Ayayai corp. issued 3,200 5%, 5-year, $1,000 bonds dated january 1, 2022, at face value. interest is paid each january 1.
(a) prepare the journal entry to record the sale of these bonds on january 1, 2022.

Explanation:

The journal entry is shown below:

On January 1, 2022

Cash A/c Dr $3,200,000                 (3,200 shares × $1,000)

     To Bonds payable A/c $3,200,000    

(Being the sale of the bond is recorded)

While recording the sale of the bond we debited the cash account as cash is received and credited the bond payable account as bond is sold.

The interest rate is ignored

all of them make sense but, i would have to say ask someone who has been there/or lives there, and/or read recent newspapers from that city.

hope this !

a manufacturer of printed circuit boards uses exponential smoothing with trend to forecast monthly demand of its product. at the end of december, the company wishes to forecast sales for january. the estimate of trend through november has been 200 additional boards sold per month. average sales have been around 1000 units per month. the demand for december was 1100 units. the company uses α = 0.20 and β = 0.10. make a forecast including trend for the month of january.