Please complete the accounting cycle for March for Gotham, starting on p. 205 in your course packet. Check Figures: Net Income $7,846 Total Assets $443,834 The first transaction is the issuance of a bond. A bond is where Gotham gets cash and promises to repay some amount in the future with interest along the way. You will not be asked about a bond on the exam. The journal entry for this bond should be: DR. Cash 95,788 DR. Discount on Bond 4,212 CR. Bond Payable 100,000 There is no adjusting entry for the bond. There is no income statement impact for the bond. The balance sheet presentation of the bond is: Liabilities: Bond Payable. 100,000 Discount (4,212) Book Value of Bond 95,788

This problem has been solved! see the answercompute and interpret altman's z-scoresfollowing is selected financial information for ebay, for its fiscal years 2005 and 2006.(in millions, except per share data) 2006 2005current assets $ 4,970.59 $ 3,183.24current liabilities 2,518.39 1,484.93total assets 13,494.01 11,788.99total liabilities 2,589.38 1,741.00shares outstanding 1,368.51 1,404.18retained earnings 4,538.35 2,819.64stock price per share 30.07 43.22sales 5,969.74 4,552.40earnings before interest and taxes 1,439.77 1,445.18compute and interpret altman z-scores for the company for both years. (do not round until your final answer; then round your answers to two decimal places.)2006 z-score = answer2005 z-score = answerwhich of the following best describes the company's likelihood to go bankrupt given the z-score in 2006 compared to 2007.the z-score in 2006 is half of the 2005 score. both z-scores are well above the score that represents a healthy company.the z-score in 2006 is double the 2005 score. the z-score has increased sharply, which suggests the company has greatly increased the risk of bankruptcy.the z-score in 2006 is half of the 2005 score. the z-score has decreased sharply, which suggests the company is in financial distress.the z-score in 2006 is double the 2005 score. the z-score has increased sharply, which suggests the company has greatly lowered the risk of bankruptcy.