Serotta corporation is planning to issue bonds with a face value of $300,000 and a coupon rate of 12 percent. the bonds mature in two years and pay interest quarterly every march 31, june 30, september 30, and december 31. all of the bonds were sold on january 1 of this year. serotta uses the effective-interest amortization method and does not use a premium account. assume an annual market rate of interest of 8 percent.
1. provide the journal entry to record the issuance of the bonds january 1
2. provide the journal entry to record the interest payment on march 31, june 30, september 30, and december 31 of this year. (if no entry is required for a transaction/event, select "no journal entry required" in the first account field. round your final answers to nearest whole dollar amount.)
3. what bond payable amount will serotta report on this year's december 31 balance sheet?

Alarge university wanted to study the relationship between completing an internship during college and students' future earning potential. prom the same graduating class, they selected a random sample of 80 students who completed an internship and 100 students who did not complete an internship and examined their salaries five years after graduation. they found that there was a statistically higher mean salary for the internship group than for the noninternship group. which of the following interpretations is the most appropriate? a. there could be a confounding variable, such as student major, that explains the difference in mean salary between the internship and no internship groups.b. we cannot infer anything from these data since the distribution of salaries is likely right skewed.c. you cannot draw any valid conclusions because the sample sizes are different.d. more students should complete internships because having an internship produces a higher salary.