Answer | |||
Date |
General Journal | Debit | Credit |
30-Apr | Legal fees expense | $ 1,500 | |
Legal fees payable | $ 1,500 | ||
12-May | Legal fees payable | $ 1,500 | |
Cash | $ 1,500 | ||
30-Apr | Interest Expense | $ 1,335 | |
Interest payable | $ 11,350 | ||
4,005*10/30 | |||
20-May | Interest payable | $ 1,335 | |
Interest Expense | $ 2,670 | ||
4005*20/30 | |||
Cash | $ 4,005 | ||
30-Apr | Salaries Expense | $ 6,000 | |
Salaries payable | $ 6,000 | ||
15000*2/5 | |||
03-May | Salaries payable | $ 6,000 | |
Salaries Expense | $ 9,000 | ||
Cash | $ 15,000 | ||
15000*3/5 | |||
Please like | |||
a. On April 1, the company hired an attorney for a flat monthly fee of $1,500....
a. On April 1, the company hired an attorney for a flat monthly fee of $3,000. Payment for April legal services was made by the company on May 12. b. As of April 30, $1,076 of interest expense has accrued on a note payable. The full interest payment of $3,227 on the note is due on May 20. c. Total weekly salaries expense for all employees is $8,000. This amount is paid at the end of the day on Friday...
a. On April 1, the company hired an attorney for a flat monthly fee of $3,500. Payment for April legal services was made by the company on May 12 b. As of April 30, $3,000 of Interest expense has accrued on a note payable. The full interest payment of $9,000 on the note is due on May 20 c. Total weekly salaries expense for all employees is $10,000. This amount is paid at the end of the day on Friday...
a. On April 1, the company retained an attorney for a flat monthly fee of $500. Payment for April legal services was made by the company on May 12. b. As of April 30, $1,769 of interest expense has accrued on a note payable. The full interest payment of $5,308 on the note is due on May 20. c. Total weekly salaries expense for all employees is $10,000. This amount is paid at the end of the day on Friday...
a. On April 1, the company retained an attorney for a flat monthly fee of $1,000. Payment for April legal services was made by the company on May 12. b. As of April 30, $1,653 of interest expense has accrued on a note payable. The full interest payment of $4,958 on the note is due on May 20. c. Total weekly salaries expense for all employees is $12,000. This amount is paid at the end of the day on Friday...
3.33 a. On April 1, the company hired an attorney for a flat monthly fee of $3,000. Payment for April legal services was made by the company on May 12. b. As of April 30, $1,073 of interest expense has accrued on a note payable. The full interest payment of $3.220 on the note is due on May 20. c. Total weekly salaries expense for all employees is $8,000. This amount is paid at the end of the day on...
a. On April 1, the company retained an attorney for a flat monthly fee of $3,500. Payment for April legal services was made by the company on May 12. b. A $940,000 note payable requires 9.0% annual interest, or $7,050, to be paid at the 20th day of each month. The interest was last paid on April 20 and the next payment is due on May 20. As of April 30, $2,350 of interest expense has accrued. c. Total weekly...
a. On April 1, the company retained an attorney for a flat monthly fee of $2,000. Payment for April legal services was made by the company on May 12 b. As of April 30, $1,942 of interest expense has accrued on a note payable. The full interest payment of $5,827 on the note is due on May 20. Total weekly salaries expense for all employees is $8,000. This amount is paid at the end of the day on Friday of...
On April 1, the company retained an attorney for a flat monthly fee of $1,000. Payment for April legal services was made by the company on May 12. A $440,000 note payable requires 8.8% annual interest, or $3,227, to be paid at the 20th day of each month. The interest was last paid on April 20, and the next payment is due on May 20. As of April 30, $1,076 of interest expense has accrued. Total weekly salaries expense for...
On April 1, the company retained an attorney for a flat monthly fee of $3,500. Payment for April legal services was made by the company on May 12. A $900,000 note payable requires 12% annual interest, or $9,000, to be paid at the 20th day of each month. The interest was last paid on April 20, and the next payment is due on May 20. As of April 30, $3,000 of interest expense has accrued. Total weekly salaries expense for...
a. On April 1, the company hired an attorney for a flat monthly fee of $3,500. Payment for April legal services was made by the company on May 12. b. As of April 30. $3,000 of interest expense has accrued on a note payable. The full interest payment of $9,000 on the note is due on May 20. c. Total weekly salaries expense for all employees is $10,000. This amount is paid at the end of the day on Friday of each...