Homework Answers
A) Amount borrowed = 17,400
Principal *8%*5/12 = 580
B) interest rate = 10%
13,536*interest rate *5/12 = 564
= 10%
| Cash | 17,400 | |
| Notes payable | 17,400 |
| Notes payable | 17,400 | |
| Interest expense | 580 | |
| Cash | 17,980 |
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Can you please help me! Thanks
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Brief Exercise 10-15 On January 1, 2018, Carvel Corp. issued five-year bonds with a face value...
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Can someone please help me with this? I have been trying to solve it and I...
Can someone please help me with this? I have been trying to
solve it and I am now on my last attempt and I don't know what
I am doing wrong
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Brief Exercise 10-15 On January 1, 2018, Carvel Corp. issued five-year bonds with a face value...
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Brief Exercise 10-15 On January 1, 2018, Carvel Corp. issued five-year bonds with a face value of $550,000 and a coupo...
Brief Exercise 10-15 On January 1, 2018, Carvel Corp. issued five-year bonds with a face value of $550,000 and a coupon interest rate of 6%, with interest payable semi-annually. Click here to view the factor table. x Your answer is incorrect. Try again. How much would Carvel receive from the sale of these bonds if the market interest rate was 5%? (Round answer to the nearest whole dollar, e.g. 5,275. For calculation purposes, use 5 decimal places as displayed in...
Brief Exercise G-1 x Your answer is incorrect. Try again. Jory Altidore invested $7,000 at 7%...
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if you can pls show work... thanks Exercise 14-18 On January 1, 2017, Crane Co. borrowed...
if you can pls show work... thanks
Exercise 14-18 On January 1, 2017, Crane Co. borrowed and received $488,000 from a major customer evidenced by a zero-interest-bearing note due in 5 years. As consideration for the zero-interest-bearing feature, Crane agrees to supply the customer's inventory needs for the loan period at lower than the market price. The appropriate rate at which to impute interest is 10%. (a) Prepare the journal entry to record the initial transaction on January 1, 2017....
Brief Exercise 10-03 Your answer is incorrect. Try again. Wildhorse Company is constructing a building. Co...
Brief Exercise 10-03
Your answer is incorrect. Try again.
Wildhorse Company is constructing a building. Construction began
on February 1 and was completed on December 31. Expenditures were
$1,980,000 on March 1, $1,260,000 on June 1, and $3,040,930 on
December 31.
Wildhorse Company borrowed $1,078,330 on March 1 on a 5-year, 12%
note to help finance construction of the building. In addition, the
company had outstanding all year a 9%, 5-year, $2,012,400 note
payable and an 10%, 4-year, $3,382,000 note...
Principles of Accsu On May 15, wid Quest Clothiers bernowed sone money on a &month note to provide cash during the slow season of the year. The ntorest e was 8s. At the teme the note was due, the amount of interest owed was $420 Determine the amount borrowed by Wid Quest.(Round cakculation to 6 decimal pleces, n.g. 1.251241 and fina answer to 0 decimal places eg 125) mount borrowed by Wld Quest as the interest rate e f the...
On May 15, Metlock Clothiers borrowed some money on a 4-month note to provide cash during the slow season of the year. The interest rate on the note was 8%. At the time the note was due, the amount of interest owed was $550. Determine the amount borrowed by Metlock. (Round Intermediate calculations to 6 decimal places, e.g. 1.251241 and final answer to o decimal places, e.g. 125.) Amount borrowed by Metlock Assume the amount borrowed was $14,400. What was...
Brief Exercise 10-15 On January 1, 2018, Carvel Corp. issued five-year bonds with a face value of $410,000 and a coupon interest rate of 6%, with interest payable semi-annually. Click here to view the factor table. Your answer is incorrect. Try again. How much would Carvel receive from the sale of these bonds if the market interest rate was 5%? (Round answer to the nearest whole dollar, e.g. 5,275. For calculation purposes, use 5 decimal places as displayed in the...
Can someone please help me with this? I have been trying to
solve it and I am now on my last attempt and I don't know what
I am doing wrong
Home Read, Study & Practice Gradebook ORION Downloadable eTextbook Assignment> Open Assignment CALCULATOR FULL SCREEN PRINTER VERSION BACK NEXT ASSIGNMENT RESOURCES Ch. 6.Homework Your answer is incorrect. Try again Practice Exercise 6- What is the future value of $29,000 at the end of 5 periods at 11% compounded interest?...
Brief Exercise 10-15 On January 1, 2018, Carvel Corp. issued five-year bonds with a face value of $550,000 and a coupon interest rate of 6%, with interest payable semi-annually. Click here to view the factor table. x Your answer is incorrect. Try again. How much would Carvel receive from the sale of these bonds if the market interest rate was 5%? (Round answer to the nearest whole dollar, e.g. 5,275. For calculation purposes, use 5 decimal places as displayed in...
Brief Exercise 10-15 On January 1, 2018, Carvel Corp. issued five-year bonds with a face value of $550,000 and a coupon interest rate of 6%, with interest payable semi-annually. Click here to view the factor table. x Your answer is incorrect. Try again. How much would Carvel receive from the sale of these bonds if the market interest rate was 5%? (Round answer to the nearest whole dollar, e.g. 5,275. For calculation purposes, use 5 decimal places as displayed in...
Brief Exercise G-1 x Your answer is incorrect. Try again. Jory Altidore invested $7,000 at 7% annual interest, and left the money invested without withdrawing any of the interest for 12 years. At the end of the 12 years, Jory withdrew the accumulated amount of money. Click here to view the factor table. (For calculation purposes, use 5 decimal places as displayed in the factor table provided) (a) What amount did Jory withdraw, assuming the investment cams imple interest? Accumulated...
Brief Exercise 10-04 X Your answer is incorrect. Try again. Pronghorn Company is constructing a building. Construction began on February 1 and was completed on December 31 Expenditures were $3,600,000 on March 1, $2,400,000 on June 1, and $6,000,000 on December 31 Pronghorn Company borrowed $2,000,000 on March 1 on a 5-year, 12 % note to help finance construction of the building. In addition, the company had outstanding all year a 8 %, 5-year, $4,000,000 note payable and an 11...
if you can pls show work... thanks
Exercise 14-18 On January 1, 2017, Crane Co. borrowed and received $488,000 from a major customer evidenced by a zero-interest-bearing note due in 5 years. As consideration for the zero-interest-bearing feature, Crane agrees to supply the customer's inventory needs for the loan period at lower than the market price. The appropriate rate at which to impute interest is 10%. (a) Prepare the journal entry to record the initial transaction on January 1, 2017....
Brief Exercise 10-03
Your answer is incorrect. Try again.
Wildhorse Company is constructing a building. Construction began
on February 1 and was completed on December 31. Expenditures were
$1,980,000 on March 1, $1,260,000 on June 1, and $3,040,930 on
December 31.
Wildhorse Company borrowed $1,078,330 on March 1 on a 5-year, 12%
note to help finance construction of the building. In addition, the
company had outstanding all year a 9%, 5-year, $2,012,400 note
payable and an 10%, 4-year, $3,382,000 note...
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