On October 1, 2020 the company entered into a one-year-10%- interest rate loan agreement. The amount of the loan is $ 120,000 (hundred and twenty thousand). The principle and the interest are to be repaid at the end of the one year period. Question: A)The amount of the adjusting journal entry on December 31, 2020? B)Effect of this adjusting entry on the financial statements? (example: Assets will increase by $ 5,000 and liabilities decrease by $ 4,000 etc.)

Becky fenton has 40/80/40 automobile insurance coverage. if two other people are awarded $75,000 each for injuries in an auto accident in which becky was judged at fault, how much of this judgment would the insurance cover?

Suppose that a monopolistically competitive restaurant is currently serving 260 meals per day (the output where mr

Comprehensive illustrative problem: mira's store on february 1 20a4 mica delaman opened astore that sells school supplies her main customer are the students and teachers of happy students school that is situated in front of her store. mira wanted to know the financial position of mira's store. mira knew you were studying accounting. so she asked for . 1. to start her business mira's opened a checking account in the name of mira's store . the statement of account from the bank shows that the checking account has a balance of 31,535 of december 31,20a4