User Account

All Pages

Discuss what is the amount of interest revenue recognized

Assignment Help Accounting Basics
Reference no: EM131779856

On June 1, Davis Inc. issued an $84,000, 5%, 120-day note payable to Garcia Company. Assume that the fiscal year of Garcia ends June 30. Using the 360-day year, what is the amount of interest revenue recognized by Garcia in the following year?

Reference no: EM131779856

Questions Cloud

How long were the bat and ball in contact : A 0.140 kg baseball is thrown with a velocity of 43.2 m/s. It is struck with an average force of 5000 N, which results in a velocity of 37.0 m/s in the opposite
Catapult-bucket distance : Calculate the launch velocity needed to successfully land the ball into the bucket for each distance, and enter it in the table below.
Theory of evolution : Then consider the theory of evolution. Do you consider the theory of evolution proven, evolving, or borderline science? Support your answer.
What is the ratio of this energy to the daily : What is the ratio of this energy to the daily food intake of a person (1.2 ? 107 J)?
Discuss what is the amount of interest revenue recognized : what is the amount of interest revenue recognized by Garcia in the following year
What is its temperature change : A 0.09-kg lead bullet traveling 294 m/s strikes an armor plate and comes to a stop. If all of the bullet's energy is converted to heat that it alone absorbs
Determine the inventory cost and the cost of merchandise : Determine the inventory cost and the cost of merchandise sold by three methods
Determine the present value of the cash flow : Use the total-cost approach to determine the present value of the cash flow associated with purchase alternative
Acceleration of the edge of the motor : An electrical motor spins at a constant 2463 rpm. If the armature radius is 6.318 cm, what is the acceleration of the edge of the motor?

Reviews

Write a Review

Accounting Basics Questions & Answers

  Thome company uses a flexible budget for manufacturing

thome company uses a flexible budget for manufacturing overhead based on direct labor hours. variable manufacturing

  Observations of the work and how it relates to the equity

observations of the work and how it relates to the equity section

  What is the estimated cost of goods sold

Morganton Company makes one product and it provided the following information to help prepare the master budget for its first four months of operations.

  Sammys shovels had sales of 84108 in 2010 the cost of goods

sammys shovels had sales of 84108 in 2010. the cost of goods sold was 22205 operating expenses excluding depreciation

  Provide all journal entries pertaining to martin line

Provide all journal entries pertaining to Martin's line of credit for the first four months of 2013.

  Marie performs personal services for the corporation

Marie performs personal services for the corporation with a fair market value of $193,200 in exchange for 400 shares of stock.

  Developing standards for products

Harnish Corporation is developing standards for its products. One product requires an input that is purchased for $55.00 per kilogram from the supplier. By paying cash, the company gets a discount of 8% off this purchase price.

  Shareholders in the form of a special dividend

Rose Industries has taken a 20 million loan that must be paid back by the end of the year. Unfortunately, the company and its assets will only be worth 15 million by that time.

  Prepare a statement of revenues and expenditures

The Village of Harris issued $5,000,000 in 6 percent general obligation, taxsupported bonds on July 1, 2011, at 101. A fiscal agent is not used.

  After comparing the two balances suzie has some concern

an examination of the cash activities during the year shows the following.great adventures cash account records july 1

  What will bill and kerry recognize for taxes

As the CPA for Kerry and Bill, what will Bill and Kerry recognize for taxes, assuming they accept your recommendation

  Calculate the amount of medical expenses

Calculate the amount of medical expenses that will be included with Simpson's itemized deductions after any applicable limitations

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +1-415-670-9521

Phone: +1-415-670-9521

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd