Starr corporation loaned $90,000 to another corporation on december 1, 2010 and received a 3-month, 8% interest-bearing note with a face value of $90,000. what adjusting entry should starr make on december 31, 2010? a. debit interest receivable and credit interest revenue, $1,800.b. debit cash and credit interest revenue, $600.c. debit interest receivable and credit interest revenue, $600.d. debit cash and credit interest receivable, $1,800.

Accublade castings inc. casts blades for turbine engines. within the casting department, alloy is first melted in a crucible, then poured into molds to produce the castings. on may 1, there were 230 pounds of alloy in process, which were 60% complete as to conversion. the work in process balance for these 230 pounds was $32,844, determined as follows: exercises during may, the casting department was charged $350,000 for 2,500 pounds of alloy and $19,840 for direct labor. factory overhead is applied to the department at a rate of 150% of direct labor. the department transferred out 2,530 pounds of finished castings to the machining department. the may 31 inventory in process was 44% complete as to conversion. prepare the following may journal entries for the casting department: the materials charged to production the conversion costs charged to production the completed production transferred to the machining department determine the work in process"casting department may 31 balance.

Highland company produces a lightweight backpack that is popular with college students. standard variable costs relating to a single backpack are given below

Salaries are $4,500 per week for five working days and are paid weekly at the end of the day fridays. the end of the month falls on a thursday. the accountant for dayton company made the appropriate accrual adjustment and posted it to the ledger. the balance of salaries payable, as shown on the adjusted trial balance, will be a (assume that there was no beginning balance in the salaries payable account.)