subject
Business, 27.07.2021 23:20 dyp

On November 7, 2017, Mura Company borrows $350,000 cash by signing a 90-day, 8 % note payable with a face value of $3500,000. (Use 360 days a year. Do not round your Intermediate calculations.) . 1. Compute the accrued interest payable on December 31, 2017. Principal x Rate (% Time Interest Total through maturity Year end interest accrual 22704 Interest recognized February 5 t December 31, 2017 and payment of the note at maturity
2. Prepare the journal entry to record the accrued Interest expense
3. Record the accrued interest expense.

ansver
Answers: 1

Another question on Business

question
Business, 22.06.2019 09:30
Cash flows during the first year of operations for the harman-kardon consulting company were as follows: cash collected from customers, $385,000; cash paid for rent, $49,000; cash paid to employees for services rendered during the year, $129,000; cash paid for utilities, $59,000. in addition, you determine that customers owed the company $69,000 at the end of the year and no bad debts were anticipated. also, the company owed the gas and electric company $2,900 at year-end, and the rent payment was for a two-year period.
Answers: 1
question
Business, 22.06.2019 14:40
Increases in output and increases in the inflation rate have been linked to
Answers: 2
question
Business, 22.06.2019 23:10
Which of the following best explains the purpose of a strike? a. to pressure employers to increase the minimum wage. b. to make sure that producers don't make any profit. c. to get employers to submit to collective bargaining. d. to prevent employers from taking industrial action.
Answers: 2
question
Business, 22.06.2019 23:20
You work as the sales manager for a company that sells office supplies to businesses of all sizes. because the profit margins are razor-thin, you need to ensure that you are getting the very best prices on paper, pencils, pens, post-it notes, and other office supplies from the manufacturers. when reviewing the quarterly profit statement, you realize that your costs are higher than they should be, and you trace the higher costs back to an employee who has been lax about getting competitive bids to ensure the lowest prices. when you conduct your research to determine the reason for the higher costs, and take action to bring those costs back down, in which of the key management processes are you taking part?
Answers: 3
You know the right answer?
On November 7, 2017, Mura Company borrows $350,000 cash by signing a 90-day, 8 % note payable with a...
Questions
question
Mathematics, 22.05.2021 07:40
question
Chemistry, 22.05.2021 07:50
question
Mathematics, 22.05.2021 07:50
Questions on the website: 13722363