Solution-Prepare the entry to record the mortgage loan

Prepare the entry to record the mortgage loan

Assignment Help Cost Accounting

Reference no: EM13531902

Pickeril Inc. issues a $600,000, 10%, 10-year mortgage note on December 31, 2011, to obtain financing for a new building. The terms provide for semiannual installment payments of $48,145. Prepare the entry to record the mortgage loan on December 31, 2011, and the first installment payment.

Reference no: EM13531902

Questions Cloud

Explain why interest expense is greater than interest paid : Explain why interest expense is greater than interest paid and explain why interest expense will increase each period.

Find how long does it take the crate to hit the ground : A cargo plane is flying horizontally at an altitude of 13.5 km with a constant speed of 984 km/hr when a large crate slides out of the rear of the plane. How long does it take the crate to hit the ground

Determine an aqueous solution made by mixing nh3 and agno3 : Consider an aqueous solution made by mixing 500.0 mL of 0.40 M NH3 and 500.0 ml of 0.40 M AgNO3. Ag reacts with NH3 to form AgNH3 and Ag(NH3):

Re-adjusting the terms of debate regarding : How would one begin to talk about re-adjusting the terms of debate regarding the two major arguments within the modern human origins debate?by considering the environment to be a more important factor than has been typically believed?

Prepare the entry to record the mortgage loan : Prepare the entry to record the mortgage loan on December 31, 2011, and the first installment payment.

The genotype of the female parent in this cross : In smurfs, tall (T) is dominant to dwarf (t), blue (B) isdominant to pink (b) and happy (H) is dominant to sad (h). Tall,blue, sad females were mated to dwarf, blue, happy males. Theprogeny generation consisted of 74 tall blue happy, 69 dwarf blue..

Determine the net force on any one of the masses : Four identical masses of 1.7 each are located at the corners of a square with 1.7 sides. What is the net force on any one of the masses

Prepare the liabilities section of pedricks balance sheet : Prepare the liabilities section of Pedricks balance sheet as at January 31, 2012 and Identify which of the above liabilities are likely current and which are likely longterm. Say if an item fits in neither category. Explain the reasoning for your s..

Depict diagrams to show the various orientations : Draw diagrams to show the various orientations in which a p orbital and a d orbital on adjacent atoms may form bonding and anti-bonding molecular orbitals.

User Account

All Pages

Prepare the entry to record the mortgage loan

Reference no: EM13531902

Reference no: EM13531902

Questions Cloud

Reviews

Write a Review

Cost Accounting Questions & Answers

Cost accounting assignment

Prepare the journal entries

Advise as to the liability of all the parties

Prepare revenues budget

Effect of exchange rate changes on cash and cash

Corporate governance

Cost-benefit analysis

Non-annual interest rates and annuities

Job costing in service organizations

Accounting for bad debt expense

Accounting and partnership problems

Development of relevant cash flows

Assured A++ Grade

Academics

Major Subjects

Majors

Get In Touch

TERMS & POLICIES

HELP & SUPPORT