What is the interest expensewhich is on the debit side for

Started business on Jan.1st. List below are some events that occurred its first year operation.

1. Equipment worth $150,000 was purchased on Sep. 1st, in exchange for $50,000 in cash and two- year, 10% note with a principal amount of $100,000.

2. There was no interest paid on the note during the year.

The question is:

What is the interest expense(which is on the debit side) for this year.

And what is the interest payable (which is on the credit side) for this year.

The annual interest rate paid to the bond holders a lease : match each term with the correct definition.a.contingencyb.discountc.premiumd.capital leasee.stated ratef.effective

The cost method of accounting for the purchase amp sale of : true or false1. the cost method of accounting for the purchase amp sale of treasury stock is a commonly used method.2.

Alamos customer service department follows up on customer : alamos customer service department follows up on customer complaints by telephone inquiry.nbspnbspduring a recent

What are the companys departmental overhead rates if the : nbspnbspnbspnbspnbspnbspnbspnbspnbspnbspnbspnbspnbspnbspnbspnbspnbspnbsp assemblyfinishingmanufacturing

What is the interest expensewhich is on the debit side for : started business on jan.1st. list below are some events that occurred its first year operation.1. equipment worth

Calculate lings reported operating profit amp actual cash : ling construction entered into a contract in 1997 to build atunnel at a contract price of 11 million. the company

What is the true cash balance at december 31 : the unadjusted cash account balance for a company at december 312009 is 15926. the bank statement showed a balance of

Within one year of the contribution red constructs a : allie forms broadbill corporation by transferring land basis of 125000 fair market value of 775000 which is subject to

Berg company adopted a stock-option plan on november 30 : berg company adopted a stock-option plan on november 30 2013 that provided that 73200 shares of 5 par value stock be