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Balance sheet for these transactions 1. Applies for a loan to the bank for $ 40,000 and signs a 120-day payment with an interest of
Balance sheet for these transactions
1. Applies for a loan to the bank for $ 40,000 and signs a 120-day payment with an interest of 9% bimonthly.
2. She paid $ 2,500 for the bank loan. Causes 23 days of interest on the Bank loan.
3. Lends $ 7,000 in cash to a company and receives a 90-day letter with 6% interest. Interest is to be received in advance. Cause 1 month of interest.
4. Services are sold for $ 45,000 receiving a document in 10 days and with an interest of 8%. 9 days have passed from this.
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