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Rob Judson Company had the following transactions involving notes payable.
July 1, 2010 Borrows $50,000 from Third National Bank by signing a 9-month, 12% note.Nov. 1, 2010 Borrows $60,000 from DeKalb State Bank by signing a 3-month, 10% note.Dec. 31, 2010 Prepares adjusting entries.Feb. 1, 20011 Pays principal and interest to DeKalb State BankApr. 1, 20011 Pays principal and interest to Third National Bank
Instructions
Prepare journal entries for each of the transactions.
1. what would be the effect on accounts if the business purchased office supplies for cash? a.an asset would be debited
the following financial statements relate to alpine trails ski resort comparative balance sheets as of december 31 20x3
Assume that the bank holds no excess reserves and that the required reserve ratio equals 10% of deposits. If a customer deposits $5,000, what would be the total increase in checking account balances throughout all banks?
What would be the effect on the ending actual fund balance, assuming the following Actual revenues are equal to estimated revenues, and actual expenditures are $ 7,000 less than appropriations
Compute the equivalent units of production for the first department for June, assuming that the company uses the weighted-average method of accounting for units and costs.
george is supplementing his income in 2014 by building and selling 20000 ant hills. he ended 2013 with 2000 completed
Explain a supply chain linkage and give an example.
Develop a three to five page analysis on the projected return on investment for your college education and projected future employment. This analysis will consist of two parts.
Beginning in 2006, Spike Clothing was besieged with a series of allegations that it was mistreating and underpaying workers at foreign facilities. Spike responded to these charges in numerous ways, such as by sending out press releases and writing..
1. as a part of the initial investment in forming a partner contributes office equipment that had a cost of 20000 and
A required rate of return for the bond can be computed as . Currently, the risk free rate is 0.5% and the risk premium is 2% above the risk free rate.
issued a 8000000 of 10 year 7 bonds at 110 withinterest paid semiannually.record the payment of semiannual interset on
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