Saxton Incorporated reports a decrease in Accounts Receivabl…

Saxton Incorporated reports a decrease in Accounts Receivable of $10,000, an increase in Accounts Payable of $6,000, and a increase in inventory of $45,000 for the current year. Accounts Payable relates solely to the purchase of merchandise. Sales on account were $625,000 and cost of goods sold was $355,000. The total cash paid to suppliers for the period was:  

Oceanography faculty have made lab help videos because we’ve…

Oceanography faculty have made lab help videos because we’ve had copious spare time during the past COVID pandemic year (and not because we know what areas of each lab are more challenging / sticky to most students during F2F classes and we want to help our online students succeed as well).  

On January 1, 2020, Oliver Company issued $6 million of 5 ye…

On January 1, 2020, Oliver Company issued $6 million of 5 year bonds at a 7% stated interest rate to be paid semi-annually. Oliver Company issued the bonds for $5,756,649 since the market rate of interest was 8%. What is the carrying value (amortized cost) of the bond  on July 1, 2020 (round to the nearest dollar).