What is the adjusting journal entry necessary

Assignment Help Financial Accounting
Reference no: EM133265028

Question: BSW Manufacturing borrowed $10,000 on October 1, 2022. The note carried an annual interest rate of 12% and will be due on August 31, 2023. What is the adjusting journal entry necessary to recognize interest expense on December 31, 2022?

Reference no: EM133265028

Questions Cloud

Describe undergraduate or graduate online psychology course : Description - Briefly describe an undergraduate or graduate online psychology course that you might teach in the future
Calculate the present value for both john and amy in mobile : Calculate the present value for both John and Amy in Mobile. Calculate the present value for both John and Amy in Tulsa.
How could aging services support : What might be some concerns of these two woman as they age? How could aging services support them and what resources may be available for them?
Describe how perception of college student role : 1 Describe the norms (expectations) which you have for yourself as a college student. These norms represent your perception of your college student role(s).
What is the adjusting journal entry necessary : MACC 640 Gonzaga University will be due on August 31, 2023. What is the adjusting journal entry necessary to recognize interest expense on December 31, 2022
Discuss the problem of multiple owners in this setting : ACC 201 Southern New Hampshire University Discuss the problem of multiple owners in this setting and explain how Fisher's separation theorem addresses
Why can patricia be held personally liable : Can Best Foods be convicted of a crime in these circumstances? Why or why not? Can Patricia be held personally liable? Why or why not?
Discuss the functions of deviance according to durkheim : 2) Discuss the functions of deviance according to Durkheim. Be sure to provide an example to support your response.
Calculate the percentage yield to maturity of a coupon bond : Calculate the percentage yield to maturity of a coupon bond face value $20, 000, purchased for $15000.00 with a coupon rate of 6% per annum that has 20 years

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!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd