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Question - Please explain (in detail) how to calculate the interest for the following accounting entries.
1. A note payable of $6,000 has been outstanding since September 1, 2000. Under the terms of the note plus interest (12%) is to be paid on March 1,2001. No interest has been recorded on the note.
2. The company signed a 12%, six-month note $6,000 on November 1, 2000. No interest has been recorded for November and December.
3. $15,000 was borrowed by signed a 10%, 2 year note on September 1, 2000.
Flint Corporation issues $1,000,000 of 30-year, 8 percent bonds at 106. How much bond interest expense is recorded on the first interest date
The following labor standards have been established for a particular product: What is the labor efficiency variance for the month?
On January 1, 2006, Solomon Company purchased the following two machines for use in its production process. The journal entry to record its purchase on January 1, 2006.
(Budgetary journal entry) A city adopted the following budget for its General Fund for 2013. Prepare the journal entry to record the budget.
If income tax expense for the current year was $46,000 and income tax payable decreased by $5,200 during the year, what was the amount of cash payments for income tax?
complete the table below by locating the 2015 and 2014 Total Assets, Liabilities, and Equity for the General Motors Company
In 2015 Charmed, Inc. recorded book income of $370,000. The company's only temporary difference relates to a $60,000 installment sale that it recorded for book.
Sandhill Corporation made credit sales of $37,800 which are subject to 6% sales tax. Prepare the entry to record Sandhill's credit sales
Describes at least three managerial accounting techniques available and their application within a business or organization.Define managerial accounting
Calculate the cost of goods sold and the ending inventory cost for the month of April using the weighted-average cost method
What is the advantage to benchmarking in terms of improving companies' performance
Clinton Industrial has estimated that production for next five quarters, Prepare quarterly direct materials purchases budgets for Clinton Industrial for 2017
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