User Account

All Pages

What is the december adjusting entry of oriole company

Assignment Help Accounting Basics
Reference no: EM132918765

Question 1: Oriole Company purchased equipment on November 1, 2020 and gave a 3-month, 12% note with a face value of $83000. The December 31, 2020 adjusting entry is

Option 1: debit Interest Expense and credit Interest Payable, $1660.
Option 2: debit Interest Expense and credit Interest Payable, $9960.
Option 3: debit Interest Expense and credit Cash, $1660.
Option 4: debit Interest Expense and credit Interest Payable, $2490.

Reference no: EM132918765

Questions Cloud

Importance of vacation time to employees : Which motivational theory or theories do you think would help communicate the importance of vacation time to your employees?
What is the revised present value of the bond at january : What is the revised present value of the bond at January 1, 2022 using A-2 and A-4 Tables, a financial calculator, or Excel functions.
Professional organization or larger social network : This could be part of a professional organization or a larger social network.
Determine the balance of unearned warranty revenue : The company charges $500 for additional two years of warranty service. Determine the balance of unearned warranty revenue
What is the december adjusting entry of oriole company : Oriole Company purchased equipment on November 1, 2020 and gave a 3-month, 12% note with a face value of $83000. The December 31, 2020 adjusting entry is
Calculate the cash receipts from customers during the year : Differentiate between the ‘definition of assets' and ‘recognition criteria of assets' provided in the conceptual framework of accounting
Determine the amount to report on the year : Determine the amount to report on the Year 2023 consolidated financial statements for the selected accounts noted above
Calculate the project initial time 0 cash flow : Suppose you have been hired as a financial consultant to Defense Electronic, Inc. (DEI), a large, publicly traded firm that is the market share leader in radar
What adjusting entry would include credit to the allowance : It is estimated that 1% of sales will be uncollectible. What The adjusting entry would include a credit to the allowance account for

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