What is the journal entry as of march 1 to record payment

Assignment Help Financial Management
Reference no: EM132316366

Question

On November 1, Alan Company signed a 120-day, 10% note payable, with a face value of $69,000. Alan made the appropriate year-end accrual. What is the journal entry as of March 1 to record the payment of the note assuming no reversing entry was made?

(Use 360 days a year.)

Reference no: EM132316366

Questions Cloud

Write your business goals : Write your business goals - Researching all aspects of your business idea will involve gathering, analysing and evaluating information
Presentation on threats to the global environment : The information you provided in your presentation on Threats to the Global Environment has led to productive debates at the UN General Assembly!
Difference between a session key and a master key : What is the difference between a session key and a master key? What is a key distribution center? What entities constitute a full-service Kerberos environment.
How individuals work with the existing desktop support : The presentation was a success, and the CIO of the MAYO CLINIC HOSPITAL, while pleased, has another task for you. Because of the overwhelming support he gained.
What is the journal entry as of march 1 to record payment : Alan made the appropriate year-end accrual. What is the journal entry as of March 1 to record the payment of the note assuming no reversing entry was made?
Facilities continue to grow in the united states : Skilled nursing facilities continue to grow in the United States. It is currently funded primarily by Medicare, Medicaid, and private pay
Define how it and the business can work collaboratively : Overall, how effective is the partnership between IT and the business at Hefty Hardware? Identify the shortcomings of both IT and the business.
What is the role of epmo in managing portfolios : What is the role of EPMO in managing Portfolios, Programs and Projects?
Discuss two of the performance indeces : Discuss two of the performance Indeces is there a major difference in the two?

Reviews

Write a Review

Financial Management Questions & Answers

  Foreign company acquisition

Acquisition by a foreign company and the effects of that decision and the results of foreign exchange in Euro and the exchange rate differences.

  Financial management for profit and non profit organizations

In this essay, we are going to discuss the issues of financial management in a non-profit organisation.

  Method for estimating a venture''s value

Evaluate venture's present value, cash and surplus cash and basic venture capital.

  Replacement analysis

This document show the Replacement Analysis of modling machine. Is replacement give profit to company or not?

  Business finance task - capital budgeting

Your company is considering using the payback period for capital-budgeting. Discuss the advantages and disadvantages of this technique.

  Analysis of the investment

In this project, you will focus on one of these: the additional cost resulting from the purchase of an apple press (a piece of equipment required to manufacture apple juice).

  Conduct a what-if analysis

Review the readings and media for this unit, including the Anthony's Orchard case study media. Familiarise yourself with the Anthony's Orchard company and its current situation.

  Determine operational expenditures

Organisations' behaviour is guided by financial data. In the short term, such data will help determine operational expenditures; in the long term, historical data may help generate forecasts aimed at determining strategic plans. In both instances.

  Personal financial management

How much will you have left over each half year if you adopt the latter course of action?

  Sources of finance for expansion into new foreign markets

A quoted company is considering several long-term sources of finance for expansion into new foreign markets.

  Long term financial planning

This assignment is designed for analyze Long term financial planning begins with the sales forecast and the key input in the long term fincial planning.

  Explain the role of fincial manager

This assignment explain the role of fincial manager, function of manger. And what are the motives of financial manager.

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