What would be the entry

Assignment Help Accounting Basics
Reference no: EM133610102

Question: On July 1, Year 2, WWE paid $108 on a bank loan that was originated in Year 1. WWE borrowed $100 on June 30, Year 1 with 8% annual interest. Assume bank loans are debt and interest payable is an accrued liability. what would be the entry

Reference no: EM133610102

Questions Cloud

Can new media be harnessed to improve mental health : Social media and mental health: Can new media be harnessed to improve mental health or will social media always negatively affect mental health?
Discuss examples of problematic instruction from your notes : Discuss examples of problematic/didactic instruction from your notes about the video you analyzed, and why they are unsuited to the early years.
How you feel it benefits the population your agency service : how or if the methods of interventions can change by this holistic approach with a client, and review its effectiveness for how you feel it benefits
How many bagels would you need to sell to breakeven : the machine you need would cost $2,000 (your fixed cost), and your variable costs would be $1.50 per bagel, how many bagels would you need to sell to breakeven
What would be the entry : Year 1 with 8% annual interest. Assume bank loans are debt and interest payable is an accrued liability. what would be the entry
What is the impact of culture on prejudice : What is the impact of culture on prejudice? Once stereotypes and prejudices are formed, how do they come to be self-perpetuating?
What australian government is doing to prepare for threat : Assess the threat and what the Australian government is doing to prepare for this threat. A cyber-attack of Australia's core infrastructure?
Why should workers monitor the impact of the person : Why should workers monitor the impact of the person's end-of-life needs and decisions on their loved ones?
Why topic relates to sustainability and personal reaction : Written summary of the article discussing why the topic relates to sustainability and your personal reaction/opinion to the article.

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.

  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!

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