User Account

All Pages

What adjusting entry should be made

Assignment Help Accounting Basics
Reference no: EM132571231

Question - Rodgers Company lends Lanier Company $80,000 on April 1, accepting a four-month, 9% interest note. Rodgers Company prepares financial statements on April 30. What adjusting entry should be made before the financial statements can be prepared?

a. Interest Receivable 600

Interest Revenue 600

b. Note Receivable 80,000

Cash 80,000

c. Cash 600

Interest Revenue 600

d. Interest Receivable 2,400

Interest Revenue 2,400

Reference no: EM132571231

Questions Cloud

Discuss the role of ethical leadership behavior : Discuss the role of ethical leadership behavior in public accounting firms and how ethical leadership influences the internal communication
Discuss the critical factors for successful implementation : What are the implications and constraints for an organisation to take this approach?
Non-conformance classification system : Explain the concept of a 'Non-Conformance Classification System'.
Discuss immediate and long-term consequences : Discuss the immediate and long-term consequences from your chosen restriction.
What adjusting entry should be made : Rodgers Company prepares financial statements on April 30. What adjusting entry should be made before the financial statements can be prepared
How a sequential sampling plan could be used : Define and discuss how a sequential sampling plan could be used by an organisation. How is this different from a single sampling plan
Unit 1 Individual Project Assignment : Unit 1 Individual Project Assignment Help and Solution, Higher National Certificate/Diploma in Construction and the Built Environment - Assessment Writing
Company and state organizational challenge : Identify a company and state an organizational challenge they face. Then, propose solutions to overcome those challenges.
National employment standards : What terms of employment are protected by the National Employment Standards?

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.

  Theory of interest - term structure of interest rates

Term Structure of Interest Rates

  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!

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