Acompany issued 8%, 15-year bonds with a par value of $550,000. the current market rate is 8%. the journal entry to record each semiannual interest payment is:

Debit interest expense by $22,000 semiannually

Similarly, Credit Cash by $22,000 semiannually.

Explanation:

Every year, following two entries will be made to record the coupon payments made semiannually (Each 6 months)

Date: 30 June

Dr.    Interest expense   $22,000

Cr.   Cash                               $22,000

Date: 31 Dec

Dr.    Interest expense   $22,000

Cr.     Cash                                                      $22,000

Entries will repeat until the maturity of bond, i.e. 15 years.

answer: kevoto

explanation: be healthy

being born in poverty would limit the people's chances, opportunities and benefits.

this happen because of several things, such as:

- poor people tend to gain less access to good education and nutrition. this mean that their chance to obtain high paying jobs would also be limited.

- poor people tend to socialize with other poor people while the rich tend to socialize with other rich people. this means that simply throguh their social circle, rich people would have more business opportunities compared to the poor people.

- rich people tend to have more capital in their disposal. this would benefit them in business since it is far easier for them to fund their business operation compared to poor people.