User Account

All Pages

What the adjusting entry to accrue interest

Assignment Help Financial Accounting
Reference no: EM133011532

Question - On October 1, 2018, Highview Company borrows $217,000 on a three-year note that requires the company to pay 8% interest on March 31 and September 30. On December 31, 2018, what the adjusting entry to accrue interest on the note should debit?

Reference no: EM133011532

Questions Cloud

What is meant by the term best practices : What are an industry's key success factors (KSFs)? How would you assess those factors for IKEA FUNITURE STORE. What is meant by the term "best practices"
What went wrong at debenhams plc : What went wrong at Debenhams Plc? You are a Financial Analysts for LQNH consulting who have been asked to review the failure of Debenhams plc.
How much will ABC pay in Interest : Suppose that over the second three-month interval LIBOR falls to 5.0 percent. How much will ABC pay in Interest
Find dividends per share for preferred for each year : Oceanic Company has 15,000 shares of cumulative preferred 1% stock, Determine the dividends per share for preferred and common stock for each year.
What the adjusting entry to accrue interest : On October 1, 2018, Highview Company borrows $217,000 on a three-year note. What the adjusting entry to accrue interest
Prepare the necessary journal entries in books of wild mines : Wild Mines Ltd exports iron ore to China. On 1 March 2021, Prepare the necessary journal entries in the books of Wild Mines Ltd.
Prepare the budgeted income statement for October : Cost of goods sold is expected to be 60% of sales. Prepare the budgeted income statement for October through gross profit on sales, including cost of goods sold
What is the importance of bond valuation : CDE Corp. has just issued a 15-year, 12% bond, which pays interest annually. What is the importance of bond valuation
How will impact their financial statements for current year : How will impact their financial statements for the current year? In the current year, Stuffy the Bear sold teddy bears they bought for $30,000

Reviews

Write a Review

Financial Accounting Questions & Answers

  Financial statement analysis and preparation

Financial Statement Analysis and Preparation

  Shareholder of a company

Describe the ways that a person can become a shareholder of a company. Why Wal-Mart would split its stock?

  Financial and accounting principles

An understanding of financial and accounting principles can be a valuable tool for managers. While not all managers will find themselves calculating financial ratios or preparing annual financial data.

  Prepare a statement of cash flow using the direct method

Prepare a Statement of Cash Flow using the Direct Method and Prepare the Operations section of the Statement of Cash Flow using the Indirect Method.

  Financial accounting assignment

This assignment has one case study and two question apart from case study. Questions related to document Liquidation question and Company financial statements question - Torquay Limited

  Prepare general journal entries for goela

Prepare general journal entries for Goela Ltd

  Principles of financial accounting

Prepare the journal entry to record the acquisition of the assets.

  Prepare general journal entries to record the transactions

Prepare general journal entries to record the transactions, assuming use of the periodic inventory system

  Global reporting initiative

Compare the view espoused by the economist Milton Friedman about the social responsibilities of business with the views express by Stigler.

  Explain the iasb conceptual frameworks

Explain the IASB Conceptual Framework's perspective of users and their decisions.

  Determine the company''s financial statements

T he focus of the report is to determine the extent to which you are comfortable relying on the financial statements as presented by management .

  Computation of free cash flow

Computation of Free Cash Flow

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: +91-977-207-8620

Phone: +91-977-207-8620

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

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