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On November 1, 2021, Catella Inc lent $200,000 to the president at 9% interest for 6 months. The company has a december 31 year end and records adjusting entries annually. The president pays interest on the 1st of every month. The company uses the balance sheet method to record adjusting entries
Problem 1: What is the dollar amount of the entry on December 31? Is an adjusting entry required at December 31?
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During its first year of operations, Keene Limited had sales of $76,500. Create all journal entries related to the warranty for the current year
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How much money should be collected if it can be invested at 9.1% compounded monthly? Report your answer to the nearest dollar.
You placed $8,522 in a savings account today that earns an annual interest rate of 9% compounded annually. How much you will have in this account
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Members redeemed 15,000 points in fiscal 2021. Provide the necessary journal entries for fiscal 2020 and 2021
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A Company was authorized to issue share capital of 100,000 shares with P50 par value. What is the total shareholders' equity at year-end
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