Grace herron has just approached a venture capitalist for

Reference no: EM13582122

Grace Herron has just approached a venture capitalist for financing for her new business venture, the development of a local ski hill. On July 1, 2013, Grace was loaned $150,000 at an annual interest rate of 7%. The loan is repayable over 5 years in annual installments of $36,584, principal and interest, due each June 30. The first payment is due June 30, 2014. Grace uses the effective-interest method for amortizing debt. Her ski hill company's year-end will be June 30. Show the balance sheet presentation of the note payable as of June 30, 2015. (Hint: Be sure to distinguish between the current and long-term portions of the note.)

What I am missing the the correct dollar amounts for Current Liabilities-Notes Payable and Longterm Liabilities-Notes Payable

Reference no: EM13582122

Questions Cloud

Include a short paragraph comparing and contrasting the : randomly ask at least 20 of your friends and family members what leisure means to them.ask them to give you one-word

For her tuesday class of 40 students the mean number of : question dr. patton is a professor of english. recently she counted the number of misspelled words in a group of

List and discuss one item that might cause a companys basic : list and discuss one item that might cause a companys basic earning per share to become diluted. please describe the

Everett miguel and ramona are partners sharing income 123 : everett miguel and ramona are partners sharing income 123. after selling all of the assets for cash dividing losses on

Grace herron has just approached a venture capitalist for : grace herron has just approached a venture capitalist for financing for her new business venture the development of a

What is the value of the population mean what is the best : q1. dr. patton is a professor of english. recently she counted the number of misspelled words in a group of student

Prepare dated journal entries for abc corporation in us : on january 1 abc corporation a u.s. based manufacturer buys 10 million yen worth of inventory from sa corporation a

Xavier and yolanda have original investments of 50000 and : xavier and yolanda have original investments of 50000 and 100000 respectively in a partnership. the articles of

What are the four main organic macromolecules of the body : create a word document to answer each of the following 10 questions.nbsp your answers should be written in your own

User Account

All Pages