Find what entry must frank accounting make on december

Assignment Help Accounting Basics
Reference no: EM132588419

Question 1: On October 1, Frank's Accounting Service borrows $75,000 from National Bank on a $75,000, 3-month, 6% note. What entry must Frank's Accounting make on December 31 before financial statements are prepared?

Reference no: EM132588419

Questions Cloud

Discuss about it project management : What is a project, and what are its main attributes? How is a project different from what most people do in their day-to-day jobs? Discuss the importance.
Find what is the next entry the accountant should make : Accounts receivable and credited allowance for doubtful accounts for $5,600 to reinstate the account. What is the next entry the accountant should make?
How to calculate the monthly payment amount : How to Calculate the monthly payment amount if the mortgage was renewed for another 5 years at 4.32% compounded semi-annually?
Risk mitigation and procurement : Describe the tools and techniques associated with procurement management. Which of these tools, in your opinion, is the most effective and why?
Find what entry must frank accounting make on december : Find What entry must Frank's Accounting make on December 31 before financial statements are prepared? National Bank on a $75,000, 3-month, 6% note.
What type of study design would you use for proposed study : What type of study design would you use for your proposed study (case series, cross-sectional, case-control, cohort, experimental, qualitative, or correlational
Compensation practice : Briefly describe the company you researched, its compensation strategy, best practices they are applying, and compensation-related challenges they are facing.
Explain the relationship characteristics and dynamics : Select at least two families/telationships from your chosen story and explain the relationship characteristics and dynamics between individuals.
Calculate the annuity at present value and future value : Payments of $1500 will be made at the end of every quarter for 13 1/2 years. Using a nominal rate of 7.5% compounded semiannually, calculate the annuity's

Reviews

Write a Review

Accounting Basics Questions & Answers

  How much control does fed have over this longer real rate

Hubbard argues that the Fed can control the Fed funds rate, but the interest rate that is important for the economy is a longer-term real rate of interest.   How much control does the Fed have over this longer real rate?

  Coures:- fundamental accounting principles

Coures:- Fundamental Accounting Principles: - Explain the goals and uses of special journals.

  Accounting problems

Accounting problems,  Draw a detailed timeline incorporating the dividends, calculate    the exact Payback Period  b)   the discounted Payback Period. the IRR,  the NPV, the Profitability Index.

  Write a report on internal controls

Write a report on Internal Controls

  Prepare the bank reconciliation for company

Prepare the bank reconciliation for company.

  Cost-benefit analysis

Create a cost-benefit analysis to evaluate the project

  Theory of interest

Theory of Interest: NPV, IRR, Nominal and Real, Amortization, Sinking Fund, TWRR, DWRR

  Liquidity and profitability

Distinguish between liquidity and profitability.

  What is the expected risk premium on the portfolio

Your Corp, Inc. has a corporate tax rate of 35%. Please calculate their after tax cost of debt expressed as a percentage. Your Corp, Inc. has several outstanding bond issues all of which require semiannual interest payments.

  Simple interest and compound interest

Simple Interest, Compound interest, discount rate, force of interest, AV, PV

  Capm and venture capital

CAPM and Venture Capital

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!

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