Business, 06.05.2021 02:50 dayanara72

The following amortization schedule indicates the interest and principal to be repaid on an installment note established january 1, 2018, for a company with a march 31 year-end. beginning note interest repaid principal on ending note year payable expense note payable payable 1 10,000 400 2,355 7,645
2 7,645 306 2,449 5,196
3 5,196 208 2,547 2,649
4 2,649 106 2,649 0
total 1,020 10,000
required: assuming the company makes the required annual payments on december 31, use the amortization schedule to determine (a) the amount of the (rounded) annual payment, (b) the amount of interest expense to report in the year ended march 31, 2018, (c) the amount of interest expense to report in the year ended march 31, 2019, (d) the note payable balance at january 1, 2021, and (e) the total interest and total principal paid over the notes entire life.

Answers: 2

Show answers

Another question on Business

Business, 22.06.2019 02:20

The following information is available for juno company for the month ending june 30, 2019. * balance as per the bank statement is $ 11 comma 000. * balance as per books is $ 10 comma 400. * check #506 for $ 1 comma 200 and check #510 for $ 900 were not shown on the june 30, bank statement. * a deposit in transit of $ 3 comma 346 had not been received by the bank when the bank statement was generated. * a bank debit memo indicated an nsf check for $ 70 written by jane smith to juno company on june 13. * a bank credit memo indicated a note collected by the bank of $ 1 comma 900 and interest revenue of $ 51 on june 20. * the bank statement indicated service charges of $ 35. what is the adjusted book balance?

Answers: 3

Answer

Business, 22.06.2019 08:30

In risk management, what does risk control include? a. risk identification b. risk analysis c. risk prioritization d. risk management planning e. risk elimination need this answer now : (

Answers: 3

Answer

Business, 22.06.2019 10:10

Rats that received electric shocks were unlikely to develop ulcers if the

Answers: 1

Answer

Business, 22.06.2019 17:40

Aproduct has a demand of 4000 units per year. ordering cost is $20, and holding cost is $4 per unit per year. the cost-minimizing solution for this product is to order: ? a. 200 units per order. b. all 4000 units at one time. c. every 20 days. d. 10 times per year. e. none of the above

Answers: 3

Answer

You know the right answer?

The following amortization schedule indicates the interest and principal to be repaid on an installm...

Questions