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Kalan süre: 62:50 Soru 5 On July 1, 2013, Avery Services issued a long-term note payable...
Soru 12 On July 1, 2013, Avery Services issued a 49 long-term note payable for $10,000....
Soru 12 On July 1, 2013, Avery Services issued a 49 long-term note payable for $10,000. It is payable over a 5-year term in 52,000 principal installments on July 1 of each year. Each yearly installment will include both principal repayment of $2,000 and interest payment for the preceding one year period. What happens on December 21, 2013 before statements are prepared Yanitiniz: O Avery must accrue 5200 of interest expense O Avery must accrue for the coming $2,000 principal...
SOU On July 1, 2013, Avery Services issued a 4 long term nate payable for $10,000....
SOU On July 1, 2013, Avery Services issued a 4 long term nate payable for $10,000. Its payable over a 5-year term in 32,000 principal installments on July 1 of each year. Each yearly installment will include both principal repayment of $2,000 and interest payment for the preceding one year period Avery pays out of interest plus ! of principal on July 1, 2014 Testi duraklat Sonraki wting 2
On July 1, 2013, Avery Services issued a 4% long term note payable for $10,000. It...
On July 1, 2013, Avery Services issued a 4% long term note payable for $10,000. It is payable over a 5-year term in $2.000 principal installments on July 1 of each year Each yearly installment will include both principal repayment of $2.000 and interest payment for the preceding one-year period. What happens on July 1, 2014? Avery pays out $400 of interest only Avery pays out $400 of interest plus $2,000 of principal Avery pays out $2,000 of principal only...
Discussion questions for "Chapter 1 1) On July 1, 2013, Avery Services issued a 4% long-term...
Discussion questions for "Chapter 1 1) On July 1, 2013, Avery Services issued a 4% long-term note payable for $10,000. It is payable over a 5-year term in $2,000 principal installments on July 1 of each year. Which of the following entries needs to be made at July 1, 2013 to reclassify the current portion of the note? A) Long-term notes payable 2,000 Cash 2,000 B) Current portion of long-term notes payable 2,000 Long-term notes payable 2,000 C) Long-term notes...
please write the joirnal entries with the debit and credit. 1. On July 1, 2013. Avery Services issued a 4% long-term...
please write the joirnal entries with the debit and
credit.
1. On July 1, 2013. Avery Services issued a 4% long-term note payable for S10,000. It is payable over a 5-year term in $2,000 principal installments on July 1 of each year. Each yearly installment will include both principal repayment of $2,000 and interest payment for the preceding one-year period. Please provide the journal entry needed on July 1, 2014 when the first installment payment is made. (4 points) 2....
STIOV #5 8 Long Term Note Equipment on July 1 Note Payable in the amount of...
STIOV #5 8 Long Term Note Equipment on July 1 Note Payable in the amount of $800,000 was signed when Extra Const al 19. 2016. The entire note will be repaid in 3 years, but Interest will be issuance of the Long Term Note and the issue ad the Adjusting Entry on December 31st, 2016 for 6 months interest. If the Long Term Note Payable was to be repaid in 5 years, as stated above, in what section of the...
STIOV #5 8 Long Term Note Equipment on July 1 Note Payable in the amount of...
STIOV #5 8 Long Term Note Equipment on July 1 Note Payable in the amount of $800,000 was signed when Extra Const al 19. 2016. The entire note will be repaid in 3 years, but Interest will be issuance of the Long Term Note and the issue ad the Adjusting Entry on December 31st, 2016 for 6 months interest. If the Long Term Note Payable was to be repaid in 5 years, as stated above, in what section of the...
please answer the following questions. (journal entries) 1. On July 1, 2013. Avery Services issued a...
please answer the following questions.
(journal entries)
1. On July 1, 2013. Avery Services issued a 4% long-term note payable for S10,000. It is payable over a 5-year term in $2,000 principal installments on July 1 of each year. Each yearly installment will include both principal repayment of $2,000 and interest payment for the preceding one-year period. Please provide the journal entry needed on July 1, 2014 when the first installment payment is made. (4 points) 2. Paris Company buys...
UUTUULLULO On January 1, Kelly Company purchased equipment of $240,000 with a long-term note payable. The...
UUTUULLULO On January 1, Kelly Company purchased equipment of $240,000 with a long-term note payable. The debt is payable in annual installments of $48,000 due on December 31 of each year. At the date of purchase, how will Kelly Company report the note payable? On the date of purchase, Kelly will report the following: O A. $48,000 as current portion of notes payable in the current liability section. The remaining $ 192,000 will show as a notes payable in the...
There are 5 questions. On March 1, 2018, Barker Services issued a 4 % long-term notes...
There are 5 questions.
On March 1, 2018, Barker Services issued a 4 % long-term notes payable for $24,000. It is payable over a 6-year term in $6,000 annual principal payments on March 1 of each year plus interest, beginning March 1, 2019. How will the notes payable be shown on the balance sheet dated December 31, 2018? OA. $6,000 shown as current liability and $18,000 shown as long-term liability O B. $6,000 shown as current liability and $24,000 shown...
Soru 12 On July 1, 2013, Avery Services issued a 49 long-term note payable for $10,000. It is payable over a 5-year term in 52,000 principal installments on July 1 of each year. Each yearly installment will include both principal repayment of $2,000 and interest payment for the preceding one year period. What happens on December 21, 2013 before statements are prepared Yanitiniz: O Avery must accrue 5200 of interest expense O Avery must accrue for the coming $2,000 principal...
SOU On July 1, 2013, Avery Services issued a 4 long term nate payable for $10,000. Its payable over a 5-year term in 32,000 principal installments on July 1 of each year. Each yearly installment will include both principal repayment of $2,000 and interest payment for the preceding one year period Avery pays out of interest plus ! of principal on July 1, 2014 Testi duraklat Sonraki wting 2
On July 1, 2013, Avery Services issued a 4% long term note payable for $10,000. It is payable over a 5-year term in $2.000 principal installments on July 1 of each year Each yearly installment will include both principal repayment of $2.000 and interest payment for the preceding one-year period. What happens on July 1, 2014? Avery pays out $400 of interest only Avery pays out $400 of interest plus $2,000 of principal Avery pays out $2,000 of principal only...
Discussion questions for "Chapter 1 1) On July 1, 2013, Avery Services issued a 4% long-term note payable for $10,000. It is payable over a 5-year term in $2,000 principal installments on July 1 of each year. Which of the following entries needs to be made at July 1, 2013 to reclassify the current portion of the note? A) Long-term notes payable 2,000 Cash 2,000 B) Current portion of long-term notes payable 2,000 Long-term notes payable 2,000 C) Long-term notes...
please write the joirnal entries with the debit and
credit.
1. On July 1, 2013. Avery Services issued a 4% long-term note payable for S10,000. It is payable over a 5-year term in $2,000 principal installments on July 1 of each year. Each yearly installment will include both principal repayment of $2,000 and interest payment for the preceding one-year period. Please provide the journal entry needed on July 1, 2014 when the first installment payment is made. (4 points) 2....
STIOV #5 8 Long Term Note Equipment on July 1 Note Payable in the amount of $800,000 was signed when Extra Const al 19. 2016. The entire note will be repaid in 3 years, but Interest will be issuance of the Long Term Note and the issue ad the Adjusting Entry on December 31st, 2016 for 6 months interest. If the Long Term Note Payable was to be repaid in 5 years, as stated above, in what section of the...
STIOV #5 8 Long Term Note Equipment on July 1 Note Payable in the amount of $800,000 was signed when Extra Const al 19. 2016. The entire note will be repaid in 3 years, but Interest will be issuance of the Long Term Note and the issue ad the Adjusting Entry on December 31st, 2016 for 6 months interest. If the Long Term Note Payable was to be repaid in 5 years, as stated above, in what section of the...
please answer the following questions.
(journal entries)
1. On July 1, 2013. Avery Services issued a 4% long-term note payable for S10,000. It is payable over a 5-year term in $2,000 principal installments on July 1 of each year. Each yearly installment will include both principal repayment of $2,000 and interest payment for the preceding one-year period. Please provide the journal entry needed on July 1, 2014 when the first installment payment is made. (4 points) 2. Paris Company buys...
UUTUULLULO On January 1, Kelly Company purchased equipment of $240,000 with a long-term note payable. The debt is payable in annual installments of $48,000 due on December 31 of each year. At the date of purchase, how will Kelly Company report the note payable? On the date of purchase, Kelly will report the following: O A. $48,000 as current portion of notes payable in the current liability section. The remaining $ 192,000 will show as a notes payable in the...
There are 5 questions.
On March 1, 2018, Barker Services issued a 4 % long-term notes payable for $24,000. It is payable over a 6-year term in $6,000 annual principal payments on March 1 of each year plus interest, beginning March 1, 2019. How will the notes payable be shown on the balance sheet dated December 31, 2018? OA. $6,000 shown as current liability and $18,000 shown as long-term liability O B. $6,000 shown as current liability and $24,000 shown...
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