How much will be reported as interest payable

Assignment Help Accounting Basics
Reference no: EM131731526

Question - Jordon's incorporated borrowed $130,000 from First star bank on Oct. 1, 2016. The loan stipulates that the interest rate is 6%; payable on the last day of each month, beginning October 31, 2016. How much will be reported as interest payable?

Reference no: EM131731526

Questions Cloud

What is the expected number of items : A list of n items is arranged in random order; to find a requested item, they are searched sequentially until the desired item is found.
Discuss about the eriksons psychosocial theory : Choose one contemporary issue or problem related to developmental psychology that is prevalent in today's news and research a minimum of one peer-reviewed.
What are we trying to accomplish : What are we trying to accomplish? How will we know that a change is an improvement? What changes can we make that will result in improvement?
What is cost of goods sold for the month : Assume there was no beginning inventory and that 58,000 crab pots were sold. What is cost of goods sold for the month
How much will be reported as interest payable : The loan stipulates that the interest rate is 6% payable on the last day of each month, beginning October 31 2016. How much will be reported as interest payable
Demographic shifts-globalization and technology : Give an example for each of the following: demographic shifts, globalization, technology, competitive forces and for each,
When and why did you decide to have the child : How did you attempt to influence the child's physical, motor, cognitive, moral, social, personality, and sex-role development?
Determine the december balance of investment : Determine the December 31, 2010, balance of Investment in Krypton Labs, Inc. Stock. rovide the National Star, Inc. journal entries for the transactions
Describe the primary features of an iep : Describe the primary features of an IEP.Describe what such an evaluation should generally entail.Briefly summarize one court case that has focused on IDEA.

Reviews

Write a Review

Accounting Basics Questions & Answers

  Determine the cash payback period for each proposal

Determine the cash payback period for each proposal, and chose between Proposal M and N

  Problem regarding the different amounts of fertilizer

Suppose that different amounts of fertilizer had been used in different fields that were involved in the wheat trials. (a) Explain how the use of different amounts of fertilizer confounds the experimental analysis in the absence of randomization.

  Arnav can complete one-fourth of a piece of work in

arnav can complete one-fourth of a piece of work in five-twelfth of the time taken by bhavan to complete the entire

  Insurance company begins processing casualty claims

Insurance Company begins processing casualty claims

  Wheeler llc purchased only one asset during the current

wheeler llc purchased only one asset during the current year. it placed in service furniture 7-year property on april

  The mountain springs water company has two departments

the mountain springs water company has two departments. purifying and bottling. the bottling department recieved 67000

  At the completion of the project the working capital will

the following data pertain to an investment in equipmentinvestment in the project10000annual net cash

  Breakeven analysis and target profit taxes - patterson

breakeven analysis and target profit taxes - patterson parkas companys sales revenue is 30 per unit variable costs are

  Calculate the approximate fixed cost component of tanners

tanner inc. has incurred the following overhead costs over a 6 week period week machine hours overhead cost 1 68 1190 2

  What would the annual cost of additional supervision have

hadley inc. makes a line of bathroom accessories. because of a decline in sales the company has 10000 machine hours of

  Describe your phenomena the approach you have selected

Describe your phenomena, the approach you have selected, develop research questions pertaining to your phenomena and describe why that approach would be well?

  Prepare the equity section of tolemans balance sheet

What was the book value per share of the outstanding common shares on December 31st 2007 ?

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