User Account

All Pages

Record the entry to pay back the note and record interest

Assignment Help Accounting Basics
Reference no: EM132593625

Question - Corp issues a $100,000, 6 month note payable on 11/1/18 in exchange for $97,000 cash.

Record the issuance of the note on 11/1/18.

Record the accrual of interest on 12/31/18.

Record the entry to pay back the note and record interest on 5/1/18.

Reference no: EM132593625

Questions Cloud

How cash and accrual accounting differs for each of events : Describe how cash and accrual accounting differs for each of the events listed in the above scenario and describe the proper accrual accounting.
Find the dollar amount of dividends : During 2018, Alpha distributed $30,000 in dividends. Use this information to find for 2018 the dollar amount of dividends that will distributed per Common Share
Plan of care to improve basset nutritional status : What nursing actions need to be included in the plan of care to improve Mr. Basset's nutritional status?
Find is vice presiden suggestion to use mix retained earning : Find Is your vice president's suggestion to use a mix of 50% retained earnings and 50% bonds a good approach for this expansion? Explain why or why not.
Record the entry to pay back the note and record interest : Corp issues a $100,000, 6 month note payable on 11/1/18 in exchange for $97,000 cash. Record the entry to pay back the note and record interest
Organization hr department could be innovative-creative : How do you feel your organization's HR department could be more innovative and creative?
Developing the scope of the web-based project : How personal experiences with online business interfaces can influence how approach the project. developing the scope of this Web-based project.
Create a methods section for a research study : You are a first-year graduate student. You are taking a graduate course on research and writing. In this assignment, your professor has asked you to design.
What is the organization and how would describe : What is the organization and how would you describe it? Who are the leaders of the organization? Is the organization successful?

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