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1) A ____________________ is a part of a company that is separately identified by its
products, or services, or by the geographic market it serves.
2) A _______________________________________ is a listing of accounts from the
accounts payable ledger with their balances and the sum of all balances.
3) A company issues bonds with a par value of $800,000 on their issue date. The bonds
mature in 5 years and pay 6% annual interest in two semiannual payments. On the issue
date, the market rate of interest is 8%. Compute the price of the bonds on their issue
date. The following information is taken from present value tables:
4) Troy has $105,000 now. He has a loan of $175,000 that he must pay at the end of 5
years. He can invest his $105,000 at 10% interest compounded semiannually. Will Troy
have enough to pay his loan at the end of the 5 years?
5) Explain the difference between a ledger and a chart of accounts.
