On november 1 alan company signed a 120 day 9
WebOn 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 business accounting 00 Add a commentImprove this questionTranscribed image text Next >< Previous Sort
On november 1 alan company signed a 120 day 9
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Web5 de abr. de 2024 · Welcome to issue 95 of Rugby Club Magazine, the UK's favourite magazine promoting Rugby Clubs across the UK. WebStudy with Quizlet and memorize flashcards containing terms like A company purchased a weaving machine for $190,000. The machine has a useful life of 8 years and a residual …
WebExpert Answer. Answer 1 Interest = 9000 * 8% * (120/360) = $240 Maturity value of the bond is therefore $9,000 + $240 = $9,240 Therefore option 5 is the correct answer. Answer 2 … Web18 de nov. de 2024 · On November 1, Alan Company signed a 120-day, 8% note payable, with a face value of $9,000. What is the adjusting entry for the accrued interest at December 31 on the note? Debit interest payable, $120; credit interest expense, $120. Debit interest payable, $240; credit interest expense, $240.
WebOn November 1, Alan Company signed a 120-day, 9% note payable, with a face value of $16,200. What is the adjusting entry for the accrued interest at December 31 on the … Web30 de jul. de 2024 · On November 1, Alan Company signed a 120-day, 8% note payable, with a face value of $9,000. What is the adjusting entry for the accrued interest at December 31 on the note? (Use 360 days a year.) See answer Advertisement federicomartinez376 Answer: interest lost 118,84 interest to accrue 118,84 Explanation:
WebOn November 1, Alan Company signed a 120-day, 9% note payable, with a face value of $36,000. Alan made the appropriate year-end accrual. What is the journal entry as of …
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