User Account

All Pages

Prepare journal entry to record at the date of maturity

Assignment Help Accounting Basics
Reference no: EM132568047

Question - A $10,000, 12%, 60-day note receivable is received on January 12. The note is discounted at 12% on January 18. What is the maturity value of the note? Prepare journal entry to record at the date of maturity.

Reference no: EM132568047

Questions Cloud

What is amount of interest expense the franklins may deduct : What is the amount of interest expense the Franklins may deduct in year 2 assuming year 1 is 2017
Show and perform the final npv calculations : Show and Perform the final NPV calculations and provide a narrative on how you calculated the computations and why (justification of answer).
How data is collected to make meaningful data visualizations : Create a survey or questionnaire that could be used and collect data for a purpose or project of your choice. The idea is to think through the process.
What is the final temperature : What is the final temperature when 200 g of ice at -2 °C is dropped into 350 g of water at 40 °C contained in a copper calorimeter.
Prepare journal entry to record at the date of maturity : The note is discounted at 12% on January 18. What is the maturity value of the note? Prepare journal entry to record at the date of maturity
Prepare the journal entry on january to record the lease : Prepare the journal entry on January 2, 2014, to record the lease agreement and make the first lease payment. Prepare the entry on December 31, 2014
What role does editorial thinking play in data visualization : Writing should be in APA 6th standard, no plagiarism. What role does editorial thinking play in data visualization? Why is it important or not important in your
Combined weight of a car : The hydraulic oil in a car lift has a density of 8.20 × 102 kgm-3. The weight of the input piston is negligible.
How ownership of the delivery equipment will transfer : How Ownership of the delivery equipment will transfer to Warren Corporation at the end of the lease term. Warren Corporation signs an agreement on January 2.

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