Homework Answers
==> Interest revenue = $80,000 x 9% x 30/360 = $600
Add Answer to:
On June 6, Pilgrims Bank & Trust lent $80,000 to Shari Silverthorn on a 30-day, 9%...
On JuneJune 6, SouthsideSouthside Bank & Trust lent $ 90 comma 000$90,000 to Steve StoneSteve Stone...
On JuneJune 6, SouthsideSouthside Bank & Trust lent $ 90 comma 000$90,000 to Steve StoneSteve Stone on a 6060-day, 66% note. Requirements 1. Journalize for SouthsideSouthside the lending of the money on JuneJune 6. 2. Journalize the collection of the principal and interest at maturity. Specify the date. Round to the nearest dollar. Requirement 1. Journalize for SouthsideSouthside the lending of the money on JuneJune 6. (Record debits first, then credits. Select the explanation on the last line of the...
On June 6, Pilgrims Bank & Trust lont 590,000 to Sue Ann Noel on a 60...
On June 6, Pilgrims Bank & Trust lont 590,000 to Sue Ann Noel on a 60 day, 6% note. Requirements 1. Journalize for Pilgrims the lending of the money on June 6. Journalize the collection of the principal and interest at maturity. Specify the date. Round to the nearest dollar 4. Arabia Petroleum holds huge reserves of oil. Assume that at the end of 2017, Arabia Petroleum's cost of oil reserves totaled 596,000,000, representing 160,000,000 barrels of oil. Suppose Arabia...
On June 6, Ploter Black Trust kot 100,000 to Sue Mon Noel on a 90 day,...
On June 6, Ploter Black Trust kot 100,000 to Sue Mon Noel on a 90 day, 7% neke Requirements Journal for the landing of the money on June 2. Journere the collection of the principal and were many fpecify the date 1 Requirement 1. Journal for the landing of the money on June 6 Record debts fast, the credits elect the explanation on the last line of the journal entry table) Account De Credi Jon Requirement. Jom the collection of...
On March 1, Krauss Corporation accepted a 60-day, 3%. $29,200 note receivable from J. Silverthorn in...
On March 1, Krauss Corporation accepted a 60-day, 3%. $29,200 note receivable from J. Silverthorn in exchange for his account receivable. Read the requirements Requirement 1. Journalize the transaction on March 1. (Record debits first, then credits. Select the explanation on the last line of the journal entry table.) Date Accounts and Explanation Debit Credit Mar. 1 Choose from any list or enter any number in the input fields and then continue to the next question Requirement 2. Journalize the...
Need some help with part 2 Homework.Chapter Score: 0.38 of 1 pt 3 of 10 (3...
Need some help
with part 2
Homework.Chapter Score: 0.38 of 1 pt 3 of 10 (3 complete) T19-4 (similar to) OnSeptember 1, Tagan Company lent $88,000 to L. Kan on a 90day, 2% noto. 12. Jounalize for Tagan Company the lending of the money on September 1 13. Jourmalize the collection of the principal and interest at maturity Specify the date. Round interest to the nearest dollar 12. Joumalze for Tagan Company the lending of the money on September 1.(Reoord...
On June 30 Daewood Limited issues 6%, 20 year bonds payable with a face value of...
On June 30 Daewood Limited issues 6%, 20 year bonds payable with a face value of $70,000. The bonds are issued at 90 and pay interest on June 30 and 31. (Assume bonds payable are amortized using the straight line amortization method.) Requirements 1. Journalize the issuance of the bonds on June 30. 2. Journalize the semiannual interest payment and amortization of the bond discount on December 31 Requirement 1. Joumalize the issuance of the bonds on June 30. (Record...
Emerson St Book Shop's uradjusted Merchandise inventory June 30, 2018 was $5.200. The colocated with the...
Emerson St Book Shop's uradjusted Merchandise inventory June 30, 2018 was $5.200. The colocated with the physical count of inventory on hand on June 30, 2018, was 4.500. In addition, Emerson Sl. Book Shops approximately $1,000 of merchandise sold will be returned with a cost of $400 Requirements 1. Joumal the adjustment for inventory shrinkage 2 Joumalize the adjustment for estimated sales returns Requirement 1. Joumaize the adjustment for inventory stage Record debts fast, the credits Exclude explanations from ouma...
Save Homework: Chapter 5 Homework Score: 0.5 of 2 pts 9 of 12 (9 complete) S5-10...
Save Homework: Chapter 5 Homework Score: 0.5 of 2 pts 9 of 12 (9 complete) S5-10 (similar to) HW Score: 57.5%, 11.5 of 20 pts Question Help On August 31, 2018, Barb Tisdale borrowed $11,000 from Green State Bank. Tisdale signed a note payable, promising to pay the bank principal plus interest on August 31, 2019. The interest rate on the note is 9%. The accounting year of Green State Bank ends on June 30, 2019. Journalize Green State Bank's...
On June 30, 2018, Oak Bank loaned 584,000 to Kim Dunkelberg on a one-year, 12% note...
On June 30, 2018, Oak Bank loaned 584,000 to Kim Dunkelberg on a one-year, 12% note Oak's fiscal year ends on December 31 Read the requirements Requirements Accrued interest revenue Journalize the collection of the note from Kim Dunkelberg at maturity Date Accounts and Explanation 2019 1. Journalize all entries for Oak Bank related to the note for 2018 and 2 2. Which party has a a. note receivable? b. note payable? c. interest revenue? d. interest expense? 3. Suppose...
Virginia Vista Company has 12%, 10-year bonds payable that mature on June 30, 2028. The bonds...
Virginia Vista Company has 12%, 10-year bonds payable that mature on June 30, 2028. The bonds are issued on June 30, 2018, and Virginia Vista pays interest each June 30 and December 31 Read the requirements Requirement 1. Wil the bonds be issued at face value, at a premium, or at a discount if the market interest rate on the date of issuance is 10%? If the market interest rate is 13%? If the market interest rate is 10%, the...
On June 6, Pilgrims Bank & Trust lont 590,000 to Sue Ann Noel on a 60 day, 6% note. Requirements 1. Journalize for Pilgrims the lending of the money on June 6. Journalize the collection of the principal and interest at maturity. Specify the date. Round to the nearest dollar 4. Arabia Petroleum holds huge reserves of oil. Assume that at the end of 2017, Arabia Petroleum's cost of oil reserves totaled 596,000,000, representing 160,000,000 barrels of oil. Suppose Arabia...
On June 6, Ploter Black Trust kot 100,000 to Sue Mon Noel on a 90 day, 7% neke Requirements Journal for the landing of the money on June 2. Journere the collection of the principal and were many fpecify the date 1 Requirement 1. Journal for the landing of the money on June 6 Record debts fast, the credits elect the explanation on the last line of the journal entry table) Account De Credi Jon Requirement. Jom the collection of...
On March 1, Krauss Corporation accepted a 60-day, 3%. $29,200 note receivable from J. Silverthorn in exchange for his account receivable. Read the requirements Requirement 1. Journalize the transaction on March 1. (Record debits first, then credits. Select the explanation on the last line of the journal entry table.) Date Accounts and Explanation Debit Credit Mar. 1 Choose from any list or enter any number in the input fields and then continue to the next question Requirement 2. Journalize the...
Need some help
with part 2
Homework.Chapter Score: 0.38 of 1 pt 3 of 10 (3 complete) T19-4 (similar to) OnSeptember 1, Tagan Company lent $88,000 to L. Kan on a 90day, 2% noto. 12. Jounalize for Tagan Company the lending of the money on September 1 13. Jourmalize the collection of the principal and interest at maturity Specify the date. Round interest to the nearest dollar 12. Joumalze for Tagan Company the lending of the money on September 1.(Reoord...
On June 30 Daewood Limited issues 6%, 20 year bonds payable with a face value of $70,000. The bonds are issued at 90 and pay interest on June 30 and 31. (Assume bonds payable are amortized using the straight line amortization method.) Requirements 1. Journalize the issuance of the bonds on June 30. 2. Journalize the semiannual interest payment and amortization of the bond discount on December 31 Requirement 1. Joumalize the issuance of the bonds on June 30. (Record...
Emerson St Book Shop's uradjusted Merchandise inventory June 30, 2018 was $5.200. The colocated with the physical count of inventory on hand on June 30, 2018, was 4.500. In addition, Emerson Sl. Book Shops approximately $1,000 of merchandise sold will be returned with a cost of $400 Requirements 1. Joumal the adjustment for inventory shrinkage 2 Joumalize the adjustment for estimated sales returns Requirement 1. Joumaize the adjustment for inventory stage Record debts fast, the credits Exclude explanations from ouma...
Save Homework: Chapter 5 Homework Score: 0.5 of 2 pts 9 of 12 (9 complete) S5-10 (similar to) HW Score: 57.5%, 11.5 of 20 pts Question Help On August 31, 2018, Barb Tisdale borrowed $11,000 from Green State Bank. Tisdale signed a note payable, promising to pay the bank principal plus interest on August 31, 2019. The interest rate on the note is 9%. The accounting year of Green State Bank ends on June 30, 2019. Journalize Green State Bank's...
On June 30, 2018, Oak Bank loaned 584,000 to Kim Dunkelberg on a one-year, 12% note Oak's fiscal year ends on December 31 Read the requirements Requirements Accrued interest revenue Journalize the collection of the note from Kim Dunkelberg at maturity Date Accounts and Explanation 2019 1. Journalize all entries for Oak Bank related to the note for 2018 and 2 2. Which party has a a. note receivable? b. note payable? c. interest revenue? d. interest expense? 3. Suppose...
Virginia Vista Company has 12%, 10-year bonds payable that mature on June 30, 2028. The bonds are issued on June 30, 2018, and Virginia Vista pays interest each June 30 and December 31 Read the requirements Requirement 1. Wil the bonds be issued at face value, at a premium, or at a discount if the market interest rate on the date of issuance is 10%? If the market interest rate is 13%? If the market interest rate is 10%, the...
Most questions answered within 3 hours.
-
A shot-putter throws the shot with a horizontal velocity of 10
m/s and a
vertical velocity...
asked 37 seconds ago -
Mildred sells industrial-sized refrigeration units. Her
prospective buyer's face looks tense, and his forehead is wrinkled....
asked 1 minute ago -
Clark Heter is an industrial engineer at Lyons Products. He
would like to determine whether there...
asked 59 minutes ago -
3. Use a text editor to create a comma-delimited file of user
IDs and passwords. Revise...
asked 44 minutes ago -
Jensen and Associates has a projected balance
sheet that includes the following accounts. What is the...
asked 17 minutes ago -
implement a doubly-linked list in C. Each node in the linked list should contain a string,...
asked 40 minutes ago -
What are some best practices and things to avoid when developing
a PowerPoint presentation or file
asked 42 minutes ago -
Consider the ways that the government can get involved in
economic issues. What role do you...
asked 18 minutes ago -
Sodium carbonate is added to the tea mixture, in part, to form
the sodium salt of...
asked 41 minutes ago -
he plant started to purify its wastewater before discharging it
into the lake. How long will...
asked 1 hour ago -
Thiazyl fluoride, F3NS is a colourless gas. Using concepts of
electronegativity, formal charge etc. determine the...
asked 1 hour ago -
1. Why is an explicit inflation target a bad policy?
2. MV=PQ If M grows, then...
asked 35 minutes ago