Macro Mobile, Inc. issued $400,000, 7%, 5-year bonds on Janu…
Macro Mobile, Inc. issued $400,000, 7%, 5-year bonds on January 1, 2021, at $384,027.88. Interest is payable annually on January 1. Macro Mobile, Inc. uses the effective-interest method of amortization, has a calendar year end, and the bonds were issued for an effective interest rate of 8%. Record the journal entry on January 1st, 2021 for the issuance of the bonds. Answer should be expressed as : DR (ACCOUNT NAME) $X,XXX CR (ACCOUNT NAME) $X,XXX No dates or explanations are needed.
Read DetailsClassify each function as an operation of the data plane or…
Classify each function as an operation of the data plane or control plane. Forwarding packets at Layer 3: [one] Switching packets at Later 2: [two] Computing an IP header checksum: [three] Running routing algorithms: [four] Filtering packets through a firewall: [five] Computing routing paths to optimize use of the network: [six]
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