Business, 23.07.2020 01:01 ruchiamin2633
Zarina Corp. signed a new installment note on January 1, 2018, and deposited the proceeds of $32,000 in its bank account. The note has a two-year term, compounds 4 percent interest annually, and requires an annual installment payment on December 31. Zarina Corp. has a March 31 year-end and adjusts its accounts quarterly.
Required:
1. Use an online application, such as the loan calculator with annual payments at mycalculators. com, to generate an amortization schedule. Enter that information into an amortization schedule with the following headings: Year, Beginning Notes Payable, Interest Expense, Repaid Principal on Notes Payable, and Ending Notes Payable.
2. Prepare the journal entry on January 1, 2018, the adjusting journal entry to accrue interest on March 31, 2018. Assuming the journal entry from requirement 3 also is recorded on June 30, September 30, and December 31, 2018, prepare the journal entry to record the first annual installment payment on December 31, 2018.
3. Calculate the amount of interest expense that should be accrued for the quarter ended March 31, 2019.
Answers: 1
Business, 22.06.2019 23:10
Which investment has the liquidity and can be converted into cash easily?
Answers: 2
Business, 23.06.2019 02:00
Create a list of five action verbs you might use on a job application to describe skills and/or work history. here are some examples: (organized, produced, selected, coordinated, contributed). find five other than the examples.
Answers: 3
Business, 23.06.2019 06:00
Which factor determines who a society will produce goods and services for?
Answers: 1
Business, 23.06.2019 10:00
Brokers such as paypal benefit online businesses because they do not charge fees like credit cards. they deliver the money to the business immediately. they cannot store credit card numbers. the business does not have to get an account with credit-card companies.
Answers: 3
Zarina Corp. signed a new installment note on January 1, 2018, and deposited the proceeds of $32,000...
History, 26.01.2021 18:00
Mathematics, 26.01.2021 18:00
Mathematics, 26.01.2021 18:00
Mathematics, 26.01.2021 18:00
Mathematics, 26.01.2021 18:00
Computers and Technology, 26.01.2021 18:00
Spanish, 26.01.2021 18:00
Mathematics, 26.01.2021 18:00
Mathematics, 26.01.2021 18:00