User Account

All Pages

What entry to record accrued interest on note september

Assignment Help Financial Accounting
Reference no: EM132494480

Question 1: Jill Hamlin borrowed $10,000 from the bank on August 31, issuing the bank a 12% note due on November 30. The entry to record accrued interest on the note on September 30 (the end of the first month after the note was made) would include:

Option a. debit Interest Expense for $295.89

Option b. debit Interest Payable for $295.89

Option c. debit Interest Expense for $98.63

Option d. debit Interest Payable for $98.63

Reference no: EM132494480

Questions Cloud

Find what is the diluted earnings per share : Net income for calendar 2019 was $500,000. Assume the income tax rate is 30%. What is the diluted earnings per share for 2019?
Determine the price of a call option on jcom : Determine the price of a call option on JCOM having a strike price of $67.50 and 289 days to expiration,
Prepare the journal entries for lcd purchase of components : Prepare the journal entries for LCD's purchase of the components on November 1, 2021 and the first installment payment on November 30, 2021
COIT20256 Data Structures And Algorithms Assignment : COIT20256 Data Structures And Algorithms Assignment help and solution, Central Queensland University - assessment writing service
What entry to record accrued interest on note september : What The entry to record accrued interest on the note on September 30 (the end of the first month after the note was made) would include
What amount should koduck record in the warranty expense : What amount should Koduck record in the Warranty Expense account in April? During April, Koduck Cameras sold 150 instant cameras for $100 each
Which part of the journal entry to record exchange : The older truck and $21,000 cash are traded for new equipment valued at $30,000. Which of the following would be part of the journal entry to record
Identify the different types of yield curves : Identify the different types of yield curves and explain what they indicate for the U.S economy? What is the current shape of the yield curve
Critical issue in the sustainability : "Capital Budgeting is a critical issue in the sustainability of any given enterprise globally." Discuss this statement using contextual examples

Reviews

Write a Review

Financial Accounting Questions & Answers

  Financial statement analysis and preparation

Financial Statement Analysis and Preparation

  Shareholder of a company

Describe the ways that a person can become a shareholder of a company. Why Wal-Mart would split its stock?

  Financial and accounting principles

An understanding of financial and accounting principles can be a valuable tool for managers. While not all managers will find themselves calculating financial ratios or preparing annual financial data.

  Prepare a statement of cash flow using the direct method

Prepare a Statement of Cash Flow using the Direct Method and Prepare the Operations section of the Statement of Cash Flow using the Indirect Method.

  Financial accounting assignment

This assignment has one case study and two question apart from case study. Questions related to document Liquidation question and Company financial statements question - Torquay Limited

  Prepare general journal entries for goela

Prepare general journal entries for Goela Ltd

  Principles of financial accounting

Prepare the journal entry to record the acquisition of the assets.

  Prepare general journal entries to record the transactions

Prepare general journal entries to record the transactions, assuming use of the periodic inventory system

  Global reporting initiative

Compare the view espoused by the economist Milton Friedman about the social responsibilities of business with the views express by Stigler.

  Explain the iasb conceptual frameworks

Explain the IASB Conceptual Framework's perspective of users and their decisions.

  Determine the company''s financial statements

T he focus of the report is to determine the extent to which you are comfortable relying on the financial statements as presented by management .

  Computation of free cash flow

Computation of Free Cash Flow

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