What was the final payment

Assignment Help Accounting Basics
Reference no: EM132782422

Problem - Automotive Excellence Inc. borrowed $17,000.00 on June 2 with an interest rate of 4.6% per annum. On September 1, $5500.00 was repaid, and on October 3, $6400.00 was repaid. Automotive Excellence paid the balance of the loan on November 14. What was the final payment?

Reference no: EM132782422

Questions Cloud

Inheritance pattern of disorders : Which of the following rows describes the inheritance pattern of these disorders?
What the purpose of the ledger is to : What the purpose of the ledger is to? Which of the following transactions correctly maintains the equality in the accounting equation?
Describe types of dilemmas for which the model works : Review the sample solution to the Front Page of the Newspaper method. Do you think this is one of those types of dilemmas for which this model works?
What are the genotypes of the individuals involved in cross : If you continue with biological studies in the future, you are most likely going to carry out fruit fly experiments. Drosophila melanogaster are used in genetic
What was the final payment : Automotive Excellence Inc. borrowed $17,000.00 on June 2 with an interest rate of 4.6% per annum. What was the final payment
Determine all possible gene combinations : 2) Determine the acceptable genotypes that breeders can cross so that no cats will be born with osteochondrodysplasia.
Which of the actions balances the equation : The amount of cash received or paid during a period is not an adequate measure of the economic consequences of an organization's activities because
Compute the capital gain tax : It sold a piece of land and building abroad held as capital asset at a selling price of P5,000,000 with payment in one lump sum. Compute the capital gain tax
What is speciation reversal : What is a hybrid zone? What were the overall findings of this study? What is speciation reversal?

Reviews

Write a Review

Accounting Basics Questions & Answers

  Implications of outsourcing and a global supply chain

By outsourcing overseas, a company can reduce costs but must also take certain risks. Global supply chains are exposed to more risk today than ever before.

  Discuss how economic forces in the marketplace affect

Discuss how economic forces in the marketplace affect the health care industry and health care management

  What entry should National American Bank make to record loss

The bank decided that the loan was impaired. The loss is estimated to be $238,700. What entry should National American Bank make to record this loss

  How much is Charlies current ratio

Revenues $101,000, and Salary expense $60,000. The note payable balance is due in nine months. How much is Charlie's current ratio

  Discuss contributing assets to the partnership

the cash received by the current partner represents the amount of the debit to that partner's capital account

  Evaluate the possible reasons contributing to the lapses

Evaluate the possible reasons contributing to the lapses at Poh Heng Jewellery. Quote relevant case studies and examples to support discursive arguments.

  Determine the amount of net income for november

Determine the amount of net income for November, assuming that the owner made no additional investments but withdrew $37,500 during the month.

  Sterling products a manufacturer of aircraft landing gear

sterling products a manufacturer of aircraft landing gear makes 1000 units each year of a special valve used in

  A company had revenue of 740000 rent expense of 119000

a company had revenue of 740000 rent expense of 119000 utility expense of 11900 salary expense of 144500 depreciation

  Produce consolidated financial statements of mary company

Prepare the worksheet necessary to produce the consolidated financial statements of Mary Company and its subsidiaries as of December 31, 2018

  Calculate the dividends per share on each class of stock

Wings Inc., a software development firm, has stock outstanding as follows: 25,000 shares of cumulative 1%, Calculate the dividends per share on each class

  Prepare the journal entries to record the transactions

Wahlberg Computers sells computers for $2,500 each on account. Prepare the journal entries to record the transactions above. Omit explanations

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