bought 1053 brackets for .46 each
bought 945 bushings at .35 each
bought 1130 washers at .001each
what amount should be entered in the accounts payable column of the purchase invoice register
my answer is 518.59
january 1st $100,000 note due in 9months at 9%interest rate
march 1st $75,000 note due in 6months at 12%interest rate
notes recievable
febuary 1st $60,000 note due in 3months with a 6%interest rate
what should be the entry for interest expense on march 31?
(a)debit $1500
(b)debit$750
(c)credit$1500
(d)credit$750
my answer
a
what entry should be recorded in the interest recievable account for febuary
(a)credit $300
(b)debit$300
(c)credit$900
(d)debit$900
my answer is d
how much interest income should be recorded for the year ending december 31st
(a)$900
(b)$3300
(c)$3600
(d)it depends on when the interest is paid
my answer is d
how much interest expense is recorded for the year ending december 31st
(a)$4500
(b)$6750
(c)$11250
(d)it depends on when the interest is paid
my answer is b
how much cash will be paid for the january 1st note,plus interest on october1st
(a)$11250
(b)$106,750
(c)$175,000
(d)$186,250
my answer is c
please help thanks
(c)
2 answers
3 answers