30-On January 1, 2020 Planet Corporation issued $12,000,000 of 4% annual interest, 10-year bonds at 100 (at par value). Interest is to be paid semiannually each June 30 and December 31. The journal entry to record the issuance of the bonds would be: a. Debit Cash and credit Bonds Payable both for $12,000,000.

b. Debit Cash $7,200,000, Debit Interest Expense $4,800,000 and credit Bonds Payable for $12,000,000.

c. Debit Cash and credit Interest Expense both for $12,000,000.

d. Debit Interest Expense and credit Bonds Payable both for $12,000,000.

e. Debit Interest Payable and credit Bonds Payable both for $12,000,000

Gather reliable information to brent make his decision. to gather this information, use newspapers, call insurance companies or look at their web sites, and review consumer magazines and web sites. also, look at the manufacturer web site or for information about gas mileage. list the sources you use and take notes.

Prior to its closing, income summary had total debits of $1,190,500 and total credits of $1,476,300. what purpose is served by the income summary account and what is the nature of the entries that resulted in the $1,190,500 and the $1,476,300? the income summary account is used to the accounts. the $1,190,500 represents the , and the $1,476,300 represents . the company had of $ .

Companies in the u.s. car rental market vary greatly in terms of the size of the fleet, the number of locations, and annual revenue. in 2011 hertz had 320,000 cars in service and annual revenue of approximately $4.2 billion. the following data show the number of cars in service (1000s) and the annual revenue ($ millions) for six smaller car rental companies (auto rental news website, august 7, 2012). excel file: data14-09.xls if required, enter negative values as negative numbers. a. select a scatter diagram with the number of cars in service as the independent variable. b. what does the scatter diagram developed in part (a) indicate about the relationship between the two variables? c. use the least squares method to develop the estimated regression equation (to 3 decimals). ŷ = + x d. for every additional car placed in service, estimate how much annual revenue will change. by $ e. fox rent a car has 11,000 cars in service. use the estimated regression equation developed in part (c) to predict annual revenue for fox rent a car. round your answer to nearest whole value. $ million hide feedback partially correct