How much is prepaid interest at year end

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Reference no: EM132808479

Problem 1: Of the 8,550 balance of Unearned Royalty Account 4,250 is earned during the current year. What is the balance of Unearned Royalty account in the adjusted trial balance.

Problem 2: Interest collected and credited to Interest Income for the period of 3 months on Nov 30, 9,000. How much interest income was earned at year end?

Problem 3: Interest paid on a bank loan was debited to Interest Expense covering a period of 5 months starting Sept 1, 60,000. How much is prepaid interest at year end

Problem 4: Bad debts is estimated at 1 1/2% of total accounts receivable of 300,000. How much is bad debts expense?

Reference no: EM132808479

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