Adjusting entry-interest receivable

Reference no: EM1354896

Adjusting Entries: Interest receivable at 1/1/06 was $5,000. During 2006 cash received from debtors for interest on outstanding notes receivable amounted to $6,000. The 2006 income statement showed interest revenue in the amount of $8,900. You are to provide the missing adjusting entry that must have been made, assuming reversing entries are not made. For each journal entry write Dr for debit and Cr for credit.

Reference no: EM1354896

Questions Cloud

Determine the effective spring constant of the molecule : The jet accelerates uniformly, and during that time, the pendulum oscillates about the equilibrium position shown by the solid line, with D = 0.370 m. find the magnitude of the plane's acceleration.

Organizational structures and design : Identify whether the company has been successful or unsuccessful and explain how the company used its structure and design to achieve its business objectives.

Explain how has bmw achieved continuity of brand message : Explain How has BMW achieved continuity of brand message without alienating existing customers and encouraging new Mini purchasers?

How system derive secret key for des from user-s password : Known risks of the UNIX password system, it has been recommended that the system be replaced by an alternative system that uses public key cryptography, RSA for example. How might the system derive the secret key for DES from the user's login pas..

Adjusting entry-interest receivable : Adjusting Entries: Interest receivable at 1/1/06 was $5,000. During 2006 cash received from debtors for interest on outstanding notes receivable amounted to $6,000.

Explain how can tax cuts help revive the economy : Explain how can tax cuts help revive the economy include discretionary fiscal policy, expansionary fiscal policy, tax multiplier, Aggregate Demand-some-not all--of these and/or other terms from this week.

Exxon organizational performance : "The Outlook for Energy: A view to 2030". This company caused the Valdez oil spill in Prince William Sound, Alaska (1989).

Explain if it is significant you should not try to interpre : Explain If it is significant, you should not try to interpret the main effects at all and Explain why this is the case, giving an example to illustrate your explanation.

Find the magnitude of the mustangs acceleration : A 48 kg skier starts from rest at a height of H = 27 m above the end of the ski-jump ramp. As the skier leaves the ramp, his velocity makes an angle of 28° with the horizontal. avoid the effects of air resistance and assume the ramp is frictionles..

User Account

All Pages