A company issues a 140-day, 13% note for $16,000 what is the principal amount of the...
a company issues a 140-day, 11% note for $17,000. What is the principal amount of the note?(round to nearest dollar) a)16,273 b)17,000 c)18870 d)17,727
A company issues a 100-day, 12% note for S 17,000. What is the principal amount of the note? (Round your answer to the nearest dollar.) O A. $17.000 O B. $17,567 O c. $16,433 O D. $19,040 Click to select your answer
A company issues a 60minusday, 11% note for $ 20 comma 000. What is the principal amount of the note? (Round your answer to the nearest dollar.)
14./15.
On January 1, 2018, Allgood Company purchased equipment and signed a six-year mortgage note for $80,000 at 15%. The note will be paid in equal annual installments of $21,139, beginning January 1, 2019. Calculate the portion of interest expense paid on the third installment. (Round your answer to the nearest whole number.) O A. $21,139 OB. $70,861 O c. $9,053 OD. $12,000 On January 1, 2018, Westside Sales issued $15,000 in bonds for $16,800. These are eight-year bonds with...
Entries for notes payable Bennett Enterprises issues a $480,000, 45-day, 9%, note to Spectrum Industries for merchandise inventory. Assume a 360-day year. If required, round your answers to the nearest dollar. If an amount box does not require an entry, leave it blank. a. Journalize Bennett Enterprises' entries to record: 1. the issuance of the note. 2. the payment of the note at maturity. b. Journalize Spectrum Industries' entries to record: 1. the receipt of the note. 2. the receipt of the payment of the note at maturity.
Entries for notes payable Bennett Enterprises issues a $756,000, 45-day, 6%, note to Spectrum Industries for merchandise inventory. Assume a 360-day year. If required, round your answers to the nearest dollar. For a compound transaction, if an amount box does not require an entry, leave it blank. a. Journalize Bennett Enterprises’ entries to record: the issuance of the note. the payment of the note at maturity. b. Journalize Spectrum Industries’ entries to record: the receipt of the note. the receipt...
Entries for notes payable Bennett Enterprises issues a $384,000, 30-day, 9%, note to Spectrum Industries for merchandise inventory. Assume a 360-day year. If required, round your answers to the nearest dollar. For a compound transaction, if an amount box does not require an entry, leave it blank. a. Joumalize Bennett Enterprises' entrles to record: 1. the issuance of the note. 2. the payment of the note at maturity. b. Joumalize Spectrum Industries' entries to record: 1. the receipt of the note. 2. the receipt of the payment...
Entries for notes payable Bennett Enterprises issues a $732,000, 30-day, 9%, note to Spectrum Industries for merchandise inventory. Assume a 360-day year. If required, round your answers to the nearest dollar. For a compound transaction, if an amount box does not require an entry, leave it blank. a. Journalize Bennett Enterprises' entries to record: 1. the issuance of the note. 2. the payment of the note at maturity. b. Journalize Spectrum Industries' entries to record: 1. the receipt of the...
Entries for notes payable Bennett Enterprises issues a $504,000, 30-day, 9%, note to Spectrum Industries for merchandise inventory. Assume a 360-day year. If required, round your answers to the nearest dollar. For a compound transaction, if an amount box does not require an entry, leave it blank. a. Journalize Bennett Enterprises' entriess to record: 1. the issuance of the note. 2. the payment of the note at maturity. 1. 2. b. Journalize Spectrum Industries' entries too record: 1. the receipt...
On June 1, Davis Inc. issued an $73,100, 11%, 120-day note payable to Garcia Company Assume that the fiscal year of Garcia ends June 30. Using a 360-day year in your calculations, what is the amount of interest revenue recognized by Garcia in the following year? When required, round your answer to the nearest dollar. a.$1,340 b.$8,041 c.$2,033 d.$670