Reference no: EM131219496
The trial balance for K and J Nursery, Inc., listed the following account balances at December 31, 2016, the end of its fiscal year: cash, $27,000; accounts receivable, $22,000; inventories, $36,000; equipment (net), $91,000; accounts payable, $25,000; wages payable, $10,500; interest payable, $6,500; note payable (due in 18 months), $41,000; common stock, $72,000.
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Determine the total annual premium for both
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About the trial balance
: The trial balance for K and J Nursery, Inc., listed the following account balances at December 31, 2016, the end of its fiscal year: cash, $27,000; accounts receivable, $22,000; inventories, $36,000; equipment (net), $91,000; accounts payable, $25,00..
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The memo should present clear explanations and discussion
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Interest and principal is due at the end of the note period
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