Adele corp., a wholesaler of music equipment, issued $22,000,000 of 20-year, 7% callable bonds on march 1, 2016 at their face amount, with interest payable on march 1 and september 1. the fiscal year of the company is the calendar year.
journalize the entries to record the following selected transactions. be sure to include the year in the date for the entries recording the issue and calling of the bonds.
mar. 1 issued the bonds for cash at their face amount.
sept. 1 paid the interest on the bonds.
sept. 1 called the bond issue at 102, the rate provided in the bond indenture.
(omit entry for payment of interest.)

For the year ended december 31, a company has revenues of $323,000 and expenses of $199,000. the company paid $52,400 in dividends during the year. the balance in the retained earnings account before closing is $87,000. which of the following entries would be used to close the dividends account?

Three pounds of material a are required for each unit produced. the company has a policy of maintaining a stock of material a on hand at the end of each quarter equal to 30% of the next quarter's production needs for material a. a total of 35,000 pounds of material a are on hand to start the year. budgeted purchases of material a for the second quarter would be:

You own a nonunion company with 93 nonexempt employees. all of these employ- ees pack books into boxes for shipment to customers throughout the united states. because of wide differences in performance, you have decided to try performance appraisal, something never done before. until now, you have given every worker the same size increase. now you want to measure performance and reward the best performers with bigger increases. without any further information, which of the five types of appraisal formats do you think would be most appropriate? justify your answer. do you anticipate any complaints, or other comments, from employees after you implement your new system?