Tartuve interest rate was 2.02% UUTUB U, the interest was as low as Questions 1....
60.1K
Verified Solution
Link Copied!
Question
Accounting
Tartuve interest rate was 2.02% UUTUB U, the interest was as low as Questions 1. (1 point) What journal entry did Apple make when it issued $8.5 billion in bonds (ignore underwriting fons)? Assets Liabilities Stockholders' Equity Revenue Expense Net Income Statement of Cash flow Cash Prepaid expenses Accounts payable Common Stock Retained earnings a 8.5 billion b 8.5 billion+ C 8.5 billion + d 8.5 billion + Bonds payable + 8.5 billion+ + 8.5 billion + + + + +18.5 billion 8.5 billion 8.5 billion FA 8.5 billion LOA 8.5 billion LOA 8.5 billion IFA 8.5 billion 8.5 billion + OA- Operating activity IA- investing activity FA Financing activity 2. (1 point) How was accounting equation impacted by the bond issuance? a. Assets increased, liabilities increased, equity unaffected. b. Assets increased, liabilities increased, equity increased. C. Assets increased, liabilities increased, equity decreased d. Assets decreased, liabilities increased, equity unaffected
Answer & Explanation
Solved by verified expert
Get Answers to Unlimited Questions
Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!
Membership Benefits:
Unlimited Question Access with detailed Answers
Zin AI - 3 Million Words
10 Dall-E 3 Images
20 Plot Generations
Conversation with Dialogue Memory
No Ads, Ever!
Access to Our Best AI Platform: Zin AI - Your personal assistant for all your inquiries!
