Business, 23.06.2021 01:00 isabella4141
On January 1, 2020, a company purchased equipment and signed a 6 year mortgage note for $160,000 at 15%. The note will be paid in equal installments of $42,278 beginning January 1, 2021. On January 1, 2021, the journal entry to record the first installment payment will include a Group of answer choices debit to Interest Expense for $24,000 credit to Cash for $18,278 debit to Mortgage Payable for $42,278 credit to Mortgage Payable for $42,278
Answers: 1
Another question on Business
Business, 21.06.2019 20:30
Which of the following best describes a fractional reserve banking system? a. a banking system in which a large portion of the bank's assets are digital money rather than bills and coins. b. a banking system in which banks keep a portion of deposits on hand to satisfy their customer's demands for withdrawals. c. a banking system in which banks have only partial control over the interest rates they charge on loans. d. a banking system in which net worth is calculated by subtracting a fraction of liabilities from assets. 2b2t
Answers: 3
Business, 22.06.2019 01:00
The law says your employer is responsible for providing you with a safe and healthy workplace. true or false?
Answers: 1
Business, 22.06.2019 14:30
Your own record of all your transactions. a. check register b. account statement
Answers: 1
Business, 22.06.2019 17:30
Aproject currently generates sales of $14 million, variable costs equal 50% of sales, and fixed costs are $2.8 million. the firm’s tax rate is 40%. assume all sales and expenses are cash items. (a). what are the effects on cash flow, if sales increase from $14 million to $15.4 million? (input the amount as positive value. enter your answer in dollars not in (b) what are the effects on cash flow, if variable costs increase to 60% of sales? (input the amount as positive value. enter your answers in dollars not in millions). cash flow (increase or decrease) by $
Answers: 2
You know the right answer?
On January 1, 2020, a company purchased equipment and signed a 6 year mortgage note for $160,000 at...
Questions
History, 16.11.2020 17:30
Chemistry, 16.11.2020 17:30
English, 16.11.2020 17:30
