subject
Business, 17.12.2019 21:31 tommyaberman

Abardeen corporation borrowed $143,000 from the bank on october 1, year 1. the note had an 10 percent annual rate of interest and matured on march 31, year 2. interest and principal were paid in cash on the maturity date.

(a) what amount of cash did abardeen pay for interest in year 1?
(b) what amount of interest expense was recognized on the year 1 income statement? (do not round intermediate calculations. round your answer to the nearest dollar amount.)
(c) what amount of total liabilities was reported on the december 31, year 1, balance sheet? (do not round intermediate calculations. round your answer to the nearest dollar amount.)
(d) what total amount of cash was paid to the bank on march 31, year 2, for principal and interest?
(e) what amount of interest expense was reported on the year 2 income statement? (do not round intermediate calculations. round your answer to the nearest dollar amount.)

ansver
Answers: 1

Another question on Business

question
Business, 22.06.2019 06:30
Individual consumers belong to which step of choosing a target market? possible customers competition demographics communication
Answers: 2
question
Business, 22.06.2019 20:30
What talent or skill do u wish too develop for yourself
Answers: 1
question
Business, 22.06.2019 22:40
Southeastern oklahoma state university's business program has the facilities and faculty to handle an enrollment of 2,000 new students per semester. however, in an effort to limit class sizes to a "reasonable" level (under 200 generally), southeastern's dean, holly lutze, placed a ceiling on enrollment of 1,600 new students. although there was ample demand for business courses last semester, conflicting schedules allowed only 1,440 new students to take business courses.the utilization rate for southeastern=%the efficiency rate for southeastern=%
Answers: 3
question
Business, 22.06.2019 23:30
Each state’s organizational structure is guided by the federal government.true or false?
Answers: 1
You know the right answer?
Abardeen corporation borrowed $143,000 from the bank on october 1, year 1. the note had an 10 percen...
Questions
question
Health, 10.02.2020 23:31
question
Mathematics, 10.02.2020 23:31
question
Physics, 10.02.2020 23:31
question
Mathematics, 10.02.2020 23:31