Answered step by step
Verified Expert Solution
Question
1 Approved Answer
10/1 - $1.500 rent check cut & mailed to landlord for office 10/3 - $213 Office supplies ordered online using Office Depot credit account 10/5
10/1 - $1.500 rent check cut & mailed to landlord for office 10/3 - $213 Office supplies ordered online using Office Depot credit account 10/5 - $5,000 payment received from client/customer for services provided in Oct 10/7 - $2,050 payroll direct deposited to employees 10/15 - 510,000 payment received from client/customer for services provided in Oct 10/22 - $2,050 payroll direct deposited to employees NOV: 11/2 - $1.500 rent check cut & mailed to landlord for office 11/4 - $6,000 services rendered to client/customer but not yet paid 11/7 - S2,050 payroll direct deposited to employees 11/13 - 545,000 small biz loan obtained (5% APR, 2 years int only, 365 basis) 11/22 - $2,050 payroll direct deposited to employees 11/30 - S3,013 annual business insurance renewed (policy covers Dec - Nov)* DEC: 12/1 - S1.500 rent check cut & mailed to landlord for office 12/7 - $2,050 payroll direct deposited to employees 12/13 - S interest payment directly debited from bank account for SBL 12/18 - 59,744 cash spent on company holiday party 12/22 - $7,050 payroll direct deposited to employees 12/28 - $5,000 payment received from client/customer for November services What is the Note Payable, The Account Payable, The Wages Payable and the Interest Payable
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started