Crane company borrows $50,600 on july 1 from the bank by signing a $50,600, 11%, one-year note payable. (a) prepare the journal entry to record the proceeds of the note. (b) prepare the journal entry to record accrued interest at december 31, assuming adjusting entries are made only at the end of the year.

Consider the country of morrow which is currently operating at full employment. suppose there is a decrease in investment

Financial information that is capable of making a difference in a decision is

Assume that a local bank sells two services, checking accounts and atm card services. the bank’s only two customers are mr. donethat and ms. beenthere. mr. donethat is willing to pay $8 a month for the bank to service his checking account and $2 a month for unlimited use of his atm card. ms. beenthere is willing to pay only $5 for a checking account, but is willing to pay $9 for unlimited use of her atm card. assume that the bank can provide each of these services at zero marginal cost.refer to scenario 17-5. if the bank is unable to use tying, what is the profit-maximizing price to charge for a checking account