Macro Mobile, Inc. issued $400,000, 7%, 5-year bonds on Janu…

Macro Mobile, Inc. issued $400,000, 7%, 5-year bonds on January 1, 2021, at $384,027.88. Interest is payable annually on January 1. Macro Mobile, Inc. uses the effective-interest method of amortization, has a calendar year end, and the bonds were issued for an effective interest rate of 8%. Record the journal entry on January 1st, 2021 for the issuance of the bonds.    Answer should be expressed as : DR (ACCOUNT NAME)  $X,XXX CR (ACCOUNT NAME)  $X,XXX No dates or explanations are needed.

Classify each function as an operation of the data plane or…

Classify each function as an operation of the data plane or control plane. Forwarding packets at Layer 3: [one] Switching packets at Later 2: [two] Computing an IP header checksum: [three]  Running routing algorithms: [four] Filtering packets through a firewall: [five] Computing routing paths to optimize use of the network: [six]

Matkom Corporation declared a $0.12 per share in dividends o…

Matkom Corporation declared a $0.12 per share in dividends on February 15, 2020 to its common shareholders. Matkom Corporation had 5,000,100 authorized shares, with 2,600,000 issued, and 56,000 shares of treasury stock on February 20, 2020 (the date of record). Due to the entry to record the dividend payment (on February 28th), which of the following statements is true?