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4. A company pays $1,900 cash to employees for work performed during the month. Record the payment using (a) accrual-basis accounting and (b) cash-basis accounting
4. A company pays $1,900 cash to employees for work performed during the month. Record the payment using (a) accrual-basis accounting and (b) cash-basis accounting
5. A company borrows $40,000 with 8% interest on October 1, 2018. This amount plus interest is due on September 30, 2019.
6. A company lends $45,000 with 9% interest on May 1, 2018. This amount plus interest is due on April 30, 2019.
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