1. At what price were the BBB bonds issued on 1/1/2004?
2. If BBB issued 1,000 bonds on 1/1/2004, how much money was raised?
3. Prepare the journal entry to show the issuance of the bonds.
4. Show the inputs to tie to the net bond payable amount at Decemb
Types of Taxes
Taxes on the Production and Sale of Goods:
Imposed on the production, sale, or consumption of commodities or the use of services
Excise tax is limited to a specific kind of food/service
General sales tax is broad-based
All levels of gov. im