on decmeber 1, Victoria Company signed a 90 day , 6 percent note payable, with a...
Homework Answers
| Interest expense at 31st December is = Face value * Interest rate * (30/360) | |
| Interest expense at 31st December is = (15000*6%*(30/360)) | |
| Interest expense at 31st December is = $ 75/. | |
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on
decmeber 1, Victoria Company signed a 90 day , 6 percent note
payable, with a...
On December 1, Victoria Company... On December 1, Victoria Company signed a 90 day, 7% note payable, with a face value of $8.400 What amount of interest expense is accrued at December 31 on the note?
On December 1, Victoria Company... On December 1, Victoria Company signed a 90 day, 7% note payable, with a face value of $8.400 What amount of interest expense is accrued at December 31 on the note? (Use 360 days a year.)
On Decembert Martin Company signed a 90 day, 4 note payable with a face value of...
On Decembert Martin Company signed a 90 day, 4 note payable with a face value of $5.400 What amount of interest expense is ccrued at December 31 on the note? (Use 360 days a year) 536 $216 $18 $54
On November 1, Alan Company signed a 120-day, 8% note payable, with a face value of...
On November 1, Alan Company signed a 120-day, 8% note payable, with a face value of $12,600. What is the adjusting entry for the accrued interest at December 31 on the note? (Use 360 days a year.)
On November 1, Alan Company signed a 120-day, 10% note payable, with a face value of $22,500. What is the adjusting...
On November 1, Alan Company signed a 120-day, 10% note payable, with a face value of $22,500. What is the adjusting entry for the accrued Interest at December 31 on the note? (Use 360 days a year.)
On November 7, 2017, Mura Company borrows $330,000 cash by signing a 90-day, 5% note payable...
On November 7, 2017, Mura Company borrows $330,000 cash by signing a 90-day, 5% note payable with a face value of $330,000. (Use 360 days a year. Do not round your intermediate calculations.) 1. Compute the accrued interest payable on December 31, 2017. 2. & 3. Prepare the journal entry to record the accrued interest expense at December 31, 2017 and payment of the note at maturity.
On November 1, 2020, Jackson Inc. signed a 90 day note payable at 6% interest, to...
On November 1, 2020, Jackson Inc. signed a 90 day note payable
at 6% interest, to borrow $120,000. How much interest expense is
created by this note payable as at December 31, 2020? (Use 365 days
a year. Do not round intermediate calculations and round the final
answer to 2 decimal places.)
Question 1 On November 1, 2020, Jackson Inc. signed a 90 day note payable at 6% interest, to borrow $120,000. How much interest expense is created by this...
On November 1, Alan Company signed a 120-day, 17 note payable, with a face value of $4,400. What is the citing entry for the accrued interest at December 31 on the rohe (Use 360 days a year)
On November 1, Alan Company signed a 120-day, 17 note payable, with a face value of $4,400. What is the citing entry for the accrued interest at December 31 on the rohe (Use 360 days a year)
On November 7, 2017, Mura Company borrows $240,000 cash by signing a 90-day, 11% note payable with a face value of $240,...
On November 7, 2017, Mura Company borrows $240,000 cash by signing a 90-day, 11% note payable with a face value of $240,000. (Use 360 days a year. Do not round your intermediate calculations.) 1. Compute the accrued interest payable on December 31, 2017. 2. & 3. Prepare the journal entry to record the accrued interest expense at December 31, 2017 and payment of the note at maturity.
On November 7, 2017, Mura Company borrows $240,000 cash by signing a 90-day, 11% note payable...
On November 7, 2017, Mura Company borrows $240,000 cash by signing a 90-day, 11% note payable with a face value of $240,000. (Use 360 days a year. Do not round your intermediate calculations.) 1. Compute the accrued interest payable on December 31, 2017
On November 1, Alan Company signed a 120-day, 9% note payable, with a face value of...
On November 1, Alan Company signed a 120-day, 9% note payable, with a face value of $25,200. What is the maturity value (principal plus interest) of the note on March 1? (Use 360 days a year.) Multiple Choice $25,956 $25,704 $25,200 $25,452
On Decembert Martin Company signed a 90 day, 4 note payable with a face value of $5.400 What amount of interest expense is ccrued at December 31 on the note? (Use 360 days a year) 536 $216 $18 $54
On November 1, Alan Company signed a 120-day, 10% note payable, with a face value of $22,500. What is the adjusting entry for the accrued Interest at December 31 on the note? (Use 360 days a year.)
On November 1, 2020, Jackson Inc. signed a 90 day note payable
at 6% interest, to borrow $120,000. How much interest expense is
created by this note payable as at December 31, 2020? (Use 365 days
a year. Do not round intermediate calculations and round the final
answer to 2 decimal places.)
Question 1 On November 1, 2020, Jackson Inc. signed a 90 day note payable at 6% interest, to borrow $120,000. How much interest expense is created by this...
On November 7, 2017, Mura Company borrows $240,000 cash by signing a 90-day, 11% note payable with a face value of $240,000. (Use 360 days a year. Do not round your intermediate calculations.) 1. Compute the accrued interest payable on December 31, 2017
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