Post Company issues a 6 year, 6%, $200,000 bond at par on July 31. The journal entry would be: Group of answer choices A debit to cash of $200,000 and a credit to bonds payable of $200,000. A debit to cash of $200,000 and a credit to bonds receivable of $200,000. A debit to bonds receivable of $200,000 and a credit to cash of $200,000. A debit to bonds payable of $200,000 and a credit to cash of $200,000.
Master Budget
A master budget can be defined as an estimation of the revenue earned or expenses incurred over a specified period of time in the future and it is generally prepared on a periodic basis which can be either monthly, quarterly, half-yearly, or annually. It helps a business, an organization, or even an individual to manage the money effectively. A budget also helps in monitoring the performance of the people in the organization and helps in better decision-making.
Sales Budget and Selling
A budget is a financial plan designed by an undertaking for a definite period in future which acts as a major contributor towards enhancing the financial success of the business undertaking. The budget generally takes into account both current and future income and expenses.
Post Company issues a 6 year, 6%, $200,000 bond at par on July 31. The journal entry would be:
Group of answer choices
A debit to cash of $200,000 and a credit to bonds payable of $200,000.
A debit to cash of $200,000 and a credit to bonds receivable of $200,000.
A debit to bonds receivable of $200,000 and a credit to cash of $200,000.
A debit to bonds payable of $200,000 and a credit to cash of $200,000.
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