Total amount related to loan

Assignment Help Accounting Basics

Reference no: EM13145978

On September 1, 2008, a company borrowed $100,000 from its bank and signed a nine-month note with 9% interest. The principal and interest on the loan are to be paid when the note matures. What is the total amount related to this loan that should be reported under current liabilities on the company's December 31, 2008, balance sheet?

Reference no: EM13145978

Questions Cloud

Does economics indicate hat this change will help americans : does economics indicate hat this change will help americans achieve higher living standards?

What is the new volume of the gas in liters : A sample containing 1.5 moles of neon gas has a volume of 8.00 L. What is the new volume of the gas in liters when the following changes occur in the quantity of the gas at constant pressure and temperature.

What is the speed of an electron ejected from a metallic : What is the speed of an electron ejected from a metallic surface, where the metal work function is 2.06 eV and the radiation is at the following wavelengths

Will this profitability last : What would you recommend that the monopolist do to maximize profits? b.) Why might a business owner keep their business open but let it deteriorate, rather than shut it down? Will this profitability last?

Total amount related to loan : What is the total amount related to this loan that should be reported under current liabilities on the company's December 31, 2008, balance sheet?

What price does the amount demanded equal bushels : Demand curve: When potatoes and butter cost $0.75 and $4 per pound, and an average income of $40,000 per year, At what price does the amount demanded equal 15 billion bushels per year?

Explain what is the molarity of a sodium hydroxide : Sulfamic acid is a primary standard that can be used to standardize NaOH. What is the molarity of a sodium hydroxide solution

What mass of water can be heated : Suppose that coal of density 1.5 g/cm3 is pure carbon. (It is, in fact, much more com- plicated, but this is a reasonable ?rst ap proximation.)

Aving learned the five core principles does this make sense : Typically the interest rate on the fixed-rate mortgage is higher. Having learned the five core principles, does this make sense?

User Account

All Pages