Question

ane Doe's Corporation's fiscal year ends on January 31. On November 1, 2018, Jane Doe TTowed $100,000. The principal and 8% interest are payable on October 31, 2019. What mal entry would be required to record the payment of the principal and interest on October 31, 2019. 100,000 9.00 a. Note payable Wien Interest expense Who Interest payable to 6,000 m 2000 Ant MONARA 108.000 b. Note payable Interest expense 100,000 8,000 amorar Cash , 108,000 108,000 c. Note payable Cash 108,000 .00 d. Note payable Interest payable Cash 100,000 2,000 102,000 9. The summarized data for Imperial Furniture Co. Ltd. at December 31, 2018 are listed below: Common shares, 4,000 shares Retained earnings, Dec. 31/18 (after closing) Total revenues earned during 2018 Total expenses incurred during 2018 Total dividends declared and paid during 2018 $60,000 40,000 70,000 50,000 10,000 Total shareholders' equity at December 31, 2018 (after closing) is: to) a. $90,000 b. $60,000 c $80,000 . $100,000 Estava SMVlada rahmon sharan AAA Adóvaamatton

Hi there, can you please answer questions 8 and 9. Also, the circled answer may or may not be correct and please disregard the blue scribble marks

Answer 1

8. Option A is the answer

Note payable	100,000
Interest expense (100,000*8%*9/12)	6,000
Interest payable (100,000*8%*3/12)	2,000
Cash		108,000

9.

Ending stockholders equity

= 60,000+40,000 - 10,000

= 90,000

Option A is the answer