User Account

All Pages

By how much was mortgage note payable reduced

Assignment Help Accounting Basics
Reference no: EM132611519

Question - Boston Company issued a $1,500,000, 10%, 10-year mortgage note payable to finance the construction of a building at December 31, 2016. The terms provide for semiannual installment payments of $120,365. When the note was issued the following general journal entry was made:

Cash 1,500,000

Mortgage Note Payable 1,500,000

When the first installment payment of $120,365 was made, by how much was Mortgage Note Payable reduced?

Reference no: EM132611519

Questions Cloud

Confidence interval for the mean usage in the march : A random sample of 30 households was selected as part of a study on electricity usage, and the number of kilowatt-hours (kWh) was recorded for each household
Describe the canadian national health plan : Research can vary from highly sophisticated experimental studies to less rigorous short term investigations. Each research approach has advantages.
Is the present a fringe benefit as Tyler : Mr. and Mrs. Success run a small business and employ their older child Tyler. Is the present a fringe benefit as Tyler is the employee of the business - explain
Calculate the overhead cost per unit for products gsv : Grand Flower Company, Calculate the Overhead cost per unit for Products GSV and MSC respectively using Activity Based costing technique
By how much was mortgage note payable reduced : Boston Company issued a $1,500,000, 10%, When the first installment payment of $120,365 was made, by how much was Mortgage Note Payable reduced
How various levels of culture affect messaging : Explain how various levels of culture affect messaging. How have different levels of culture within an organization affected how you either used
What is the smallest sample size : What is the smallest sample size required to provide a 95% confidence interval (CI) for a mean, if it is important that the interval be no longer than one centi
Evaluate the different classifications of manufacturing cost : Evaluate the different classifications of manufacturing costs. How are they different? Analyse two cost accounting systems. How are these systems different?
The marshall plan : Who works for a large chair manufacturing corporation, has unique insight and design skills that enable him to design the best chairs on the market

Reviews

Write a Review

Accounting Basics Questions & Answers

  How much control does fed have over this longer real rate

Hubbard argues that the Fed can control the Fed funds rate, but the interest rate that is important for the economy is a longer-term real rate of interest.   How much control does the Fed have over this longer real rate?

  Coures:- fundamental accounting principles

Coures:- Fundamental Accounting Principles: - Explain the goals and uses of special journals.

  Accounting problems

Accounting problems,  Draw a detailed timeline incorporating the dividends, calculate    the exact Payback Period  b)   the discounted Payback Period. the IRR,  the NPV, the Profitability Index.

  Theory of interest - term structure of interest rates

Term Structure of Interest Rates

  Write a report on internal controls

Write a report on Internal Controls

  Prepare the bank reconciliation for company

Prepare the bank reconciliation for company.

  Cost-benefit analysis

Create a cost-benefit analysis to evaluate the project

  Theory of interest

Theory of Interest: NPV, IRR, Nominal and Real, Amortization, Sinking Fund, TWRR, DWRR

  Liquidity and profitability

Distinguish between liquidity and profitability.

  What is the expected risk premium on the portfolio

Your Corp, Inc. has a corporate tax rate of 35%. Please calculate their after tax cost of debt expressed as a percentage. Your Corp, Inc. has several outstanding bond issues all of which require semiannual interest payments.

  Simple interest and compound interest

Simple Interest, Compound interest, discount rate, force of interest, AV, PV

  Capm and venture capital

CAPM and Venture Capital

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +1-415-670-9521

Phone: +1-415-670-9521

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd