subject
Business, 27.11.2019 20:31 NehemiahPate2006

On november 7, 2017, mura company borrows $160,000 cash by signing a 90-day, 8% note payable with a face value of $160,000. (use 360 days a year. do not round your intermediate calculations.)

1. compute the accrued interest payable on december 31, 2017

principal xrate (%) xtime =interest
total through maturity 160,000 8 90/360 3,200
year end interest accrual 160,000 8 54/360 1,920
interest recognized feb. 5 160,000 8 4/360 1,280
2. & 3. prepare the journal entry to record the accrued interest expense at december 31, 2017 and payment of the note at maturity
record the accrued interest expense.

2) dec. 31, 2017

3) feb 05, 2018

(all im missing for this one is the amount of $ credited in accounts payable, its not $1,920 or $3,200 or 1,280)

ansver
Answers: 3

Another question on Business

question
Business, 21.06.2019 19:10
The development price itself is such a huge barrier, it's just a very different business model than boeing's used to. our huge development programs are typically centered around commercial airplanes, military aircraft, where there is a lot of orders. and right now the foundation of the business is two bites a year.
Answers: 3
question
Business, 22.06.2019 16:10
Regarding the results of a swot analysis, organizational weaknesses are (a) internal factors that the organization may exploit for a competitive advantage (b) internal factors that the organization needs to fix in order to be competitive (c) mbo skills that should be emphasized (d) skills and capabilities that give an industry advantages problems that a specific industry needs to correct
Answers: 1
question
Business, 22.06.2019 18:50
Dominic is the founder of an innovative "impromptu catering" business that provides elegant, healthy party food and decorations on less than 24 hours' notice. the company has grown by over 150 percent in the past year. dominic credits some of the company's success to studying the strategies of prominent social entrepreneurs, such as wikipedia's jimmy wales. what can dominic do to exemplify the social entrepreneurship model?
Answers: 2
question
Business, 22.06.2019 20:00
An arithmetic progression involves the addition of the same quantity to each number.which might represent the arithmetic growth of agricultural production
Answers: 3
You know the right answer?
On november 7, 2017, mura company borrows $160,000 cash by signing a 90-day, 8% note payable with a...
Questions
question
Mathematics, 24.05.2021 16:00
question
Mathematics, 24.05.2021 16:00
question
Mathematics, 24.05.2021 16:00
question
Mathematics, 24.05.2021 16:00
question
Mathematics, 24.05.2021 16:00
Questions on the website: 13722361