Journalize the entries to record the payment of the note

Assignment Help Accounting Basics
Reference no: EM132682334

Problem - Entries for notes payable - A business issued a 45-day, 6% note for $80,000 to a creditor on account. Journalize the entries to record (a) the issuance of the note (b) the payment of the note at maturity, including interest.

Reference no: EM132682334

Questions Cloud

Explain top three benefits to social responsibility : According to George and Jones (2020), a company's stance on social responsibility is the way its managers and employees view their duty or obligation
What is publix organizational chart : What is Publix organizational chart? Create a chartexplain in detail their hierarchy and their related roles
Diverse management team within an organization : One of the key challenges in organizations today is the lack of female and other diverse group representation in the executive ranks.
Describe how you would develop a staff education program : A few weeks ago you were hired as Director of Patient Education for a regional medical center located in the Midwest. The medical center includes three.
Journalize the entries to record the payment of the note : A business issued a 45-day, 6% note for $80,000 to a creditor on account. Journalize the entries to record (a) the issuance of the note (b) the payment of note
Management strategies of cultural knowledge : Do you mention some practical examples related to the management strategies of cultural knowledge and tolerance to diversity, regarding the management of employ
Organisms causing parasitic disease : What are three methods for establishing a laboratory diagnosis of an intestinal parasitic infection? Explain.
Concept of organizational structure : Do you think the concept of organizational structure, as described in Chapter 5, is appropriate for non-profit and charitable organizations? If yes, which organ
Importance of establishing healthy-successful communication : 1. What kind of administrative strategies are necessary to be successful in the national market and in the international market?

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