Homework Answers
At time of giving loan citi bank would pass entry
Note receivable 2000000
cash 2000000
Add Answer to:
On November 30, 2018, Citibank loaned $2,000,000 to Gavin Product, Inc., on a one-year, 6 percent...
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...
thank you! Rainey Enterprises loaned $25,000 to Small Co. on June 1. 2018, for one year...
thank you!
Rainey Enterprises loaned $25,000 to Small Co. on June 1. 2018, for one year at 6 percent interest Required Show the effects of the following transactions in a horizontal statements. In the Cash Flow column, indicate whether the item is an operating activity (OA), an investing activity (IA), or a financing activity (FA). For any element not affected by the event, leave the cell blank (Not every cell will require entry. Do not round intermediate calculations. Enter any...
On May 1, 2018, Benz’s Sandwich Shop loaned $18,000 to Mark Henry for one year at...
On May 1, 2018, Benz’s Sandwich Shop loaned $18,000 to Mark Henry for one year at 6 percent interest. Required What is Benz’s interest income for 2018? (Round your answer to the nearest dollar amount.) What is Benz’s total amount of receivables at December 31, 2018? (Round your answer to the nearest dollar amount.) How will the loan and interest be reported on Benz’s 2018 statement of cash flows? What is Benz’s interest income for 2019? (Round your answers to...
On May 1, 2018. Benz's Sandwich Shop loaned $12,000 to Mark Henry for one year at...
On May 1, 2018. Benz's Sandwich Shop loaned $12,000 to Mark Henry for one year at 6 percent interest. Required a. What is Benz's interest income for 2018? (Round your answer to the nearest dollar amount.) Interest income b. What is Benz's total amount of receivables at December 31, 2018? (Round your answer to the nearest dollar amount.) Receivables c. How will the loan and interest be reported on Benz's 2018 statement of cash flows? d. What is Benz's interest...
thanks On May 1, 2018, Benz's Sandwich Shop loaned $20,000 to Mark Henry for one year...
thanks
On May 1, 2018, Benz's Sandwich Shop loaned $20,000 to Mark Henry for one year at 6 percent interest. Required e. What is Benz's interest income for 2018? (Round your answer to the nearest dollar amount.) Saterest income b. What is Benz's total amount of receivables at December 31, 2018? (Round your answer to the nearest dollar amount.) Receivables c. How will the loan and interest be reported on Benz's 2018 statement of cash flows? d. What is Benz's...
Assignments Do Homework 1. Compute the amount of interest during 2018, 2019, and 2020 for the...
Assignments Do Homework 1. Compute the amount of interest during 2018, 2019, and 2020 for the following note receivable: On May 31, 2018, Trenton Bank loaned $200,000 to Bob Morrison on a two-year, 10% note 2. Which party has an): (a) note receivable? (b) note payable? (c) interest revenue? (d) interest expenso? 3. How much in total would Tronton Bank collectif Bob Morrison paid off the note early on November 30, 2018? Take a Quiz/Test 1. Compute the amount of...
Dollar-Value LIFO Belstock Company manufactures one product. On December 31, 2018, Belstock adopted the dollar-value LIFO...
Dollar-Value LIFO Belstock Company manufactures one product. On December 31, 2018, Belstock adopted the dollar-value LIFO inventory method. The inventory on that date using the dollar-value LIFO inventory method was $400,000. Inventory data for succeeding years are as follows: Inventory at Respective Price Index Year Year-End Prices (Base Year 2018) 2019 $441,000 1.05 2020 540,500 1.15 2021 552,000 1.20 Required: Compute the ending Inventory using the dollar-value LIFO method for 2019, 2020, and 2021. Do not round your intermediate calculations....
Rainey Enterprises loaned $45,000 to Small Co. on June 1, 2018, for one year at 7...
Rainey Enterprises loaned $45,000 to Small Co. on June 1, 2018, for one year at 7 percent interest. Required Show the effects of the following transactions in a horizontal statements. In the Cash Flow column, indicate whether the item is an operating activity (OA), an Investing activity (IA), or a financing activity (FA). For any element not affected by the event, leave the cell blank. (Not every cell will require entry. Do not round Intermediate calculations. Enter any decreases to account balances...
Wyoming Air Company has 10 year bonds payable that mature on June 30, 2028 The bonds...
Wyoming Air Company has 10 year bonds payable that mature on June 30, 2028 The bonds are issued on June 30, 2018 and Wyoming Air pays Interest each June 30 and December 31 Read the times Requirement 1. W e bonds be d attace value at a premium or a discount the market interest rate on the date of issuance is the mainterest rate is 8%? the market interest rate is If the market interest rates the bonds will be...
Rainey Enterprises loaned $40,000 to Small Co. on June 1, 2018, for one year at 6...
Rainey Enterprises loaned $40,000 to Small Co. on June 1, 2018, for one year at 6 percent interest. Required Show the effects of the following transactions in a horizontal statements. In the Cash Flow column, indicate whether the item is an operating activity (OA), an investing activity (IA), or a financing activity (FA). For any element not affected by the event, leave the cell blank. (Not every cell will require entry. Do not round intermediate calculations. Enter any decreases to...
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...
thank you!
Rainey Enterprises loaned $25,000 to Small Co. on June 1. 2018, for one year at 6 percent interest Required Show the effects of the following transactions in a horizontal statements. In the Cash Flow column, indicate whether the item is an operating activity (OA), an investing activity (IA), or a financing activity (FA). For any element not affected by the event, leave the cell blank (Not every cell will require entry. Do not round intermediate calculations. Enter any...
On May 1, 2018. Benz's Sandwich Shop loaned $12,000 to Mark Henry for one year at 6 percent interest. Required a. What is Benz's interest income for 2018? (Round your answer to the nearest dollar amount.) Interest income b. What is Benz's total amount of receivables at December 31, 2018? (Round your answer to the nearest dollar amount.) Receivables c. How will the loan and interest be reported on Benz's 2018 statement of cash flows? d. What is Benz's interest...
thanks
On May 1, 2018, Benz's Sandwich Shop loaned $20,000 to Mark Henry for one year at 6 percent interest. Required e. What is Benz's interest income for 2018? (Round your answer to the nearest dollar amount.) Saterest income b. What is Benz's total amount of receivables at December 31, 2018? (Round your answer to the nearest dollar amount.) Receivables c. How will the loan and interest be reported on Benz's 2018 statement of cash flows? d. What is Benz's...
Assignments Do Homework 1. Compute the amount of interest during 2018, 2019, and 2020 for the following note receivable: On May 31, 2018, Trenton Bank loaned $200,000 to Bob Morrison on a two-year, 10% note 2. Which party has an): (a) note receivable? (b) note payable? (c) interest revenue? (d) interest expenso? 3. How much in total would Tronton Bank collectif Bob Morrison paid off the note early on November 30, 2018? Take a Quiz/Test 1. Compute the amount of...
Dollar-Value LIFO Belstock Company manufactures one product. On December 31, 2018, Belstock adopted the dollar-value LIFO inventory method. The inventory on that date using the dollar-value LIFO inventory method was $400,000. Inventory data for succeeding years are as follows: Inventory at Respective Price Index Year Year-End Prices (Base Year 2018) 2019 $441,000 1.05 2020 540,500 1.15 2021 552,000 1.20 Required: Compute the ending Inventory using the dollar-value LIFO method for 2019, 2020, and 2021. Do not round your intermediate calculations....
Wyoming Air Company has 10 year bonds payable that mature on June 30, 2028 The bonds are issued on June 30, 2018 and Wyoming Air pays Interest each June 30 and December 31 Read the times Requirement 1. W e bonds be d attace value at a premium or a discount the market interest rate on the date of issuance is the mainterest rate is 8%? the market interest rate is If the market interest rates the bonds will be...
Rainey Enterprises loaned $40,000 to Small Co. on June 1, 2018, for one year at 6 percent interest. Required Show the effects of the following transactions in a horizontal statements. In the Cash Flow column, indicate whether the item is an operating activity (OA), an investing activity (IA), or a financing activity (FA). For any element not affected by the event, leave the cell blank. (Not every cell will require entry. Do not round intermediate calculations. Enter any decreases to...
Most questions answered within 3 hours.
-
The following base sequence is found for a mRNA fragment from
wild-type E. coli: 5'- UAUCAGUAGAUAAUGUAACC-3'...
asked 3 minutes ago -
For this exercise, round all regression parameters to three
decimal places.
One of the two tables...
asked 22 minutes ago -
What is the 5% level of significance for mean = 3.60, standard
deviation = 0.94, and...
asked 26 minutes ago -
Prior to beginning work on this discussion, please read the
article by Hayley Peterson, 15 Companies...
asked 55 minutes ago -
Which pair of aqueous solutions, when mixed, will form a
precipitate?
A) NaNO3 and AgC2H3O2
B)...
asked 1 hour ago -
1-Write an algorithm to get two numbers from the user (as
inputs) and calculate the sum...
asked 4 hours ago -
Define white-collar crime. What is the difference between
offender and offense-based definitions of white-collar crime? What...
asked 5 hours ago -
Consider a reaction which is 1st order with respect to A and 1st
order with respect...
asked 5 hours ago -
c++
The length of the hypotenuse of a right-angled triangle is the
square root of the...
asked 5 hours ago -
When a metal rod is heated, not only its resistance but also its
length and cross‐sectional...
asked 5 hours ago -
write a c++ program that computes the L^1 - Norm of a given
vector (L^1 norm...
asked 5 hours ago -
A manufacturer of banana chips would like to know whether its
bag filling machine works correctly...
asked 5 hours ago