Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Hello i need help with these questions please. Please give me all correct 100 percent answers and step by step solution. i gave the questions

image text in transcribedimage text in transcribedimage text in transcribedimage text in transcribedimage text in transcribedimage text in transcribedimage text in transcribedimage text in transcribedimage text in transcribed

Hello i need help with these questions please. Please give me all correct 100 percent answers and step by step solution. i gave the questions in image please answer them correctly. You don't need to fill the forms. answer just the questions step by step. Thank you.

image text in transcribedimage text in transcribedimage text in transcribedimage text in transcribedimage text in transcribedimage text in transcribedimage text in transcribedimage text in transcribedimage text in transcribedimage text in transcribed
13. What's the total of the PurchasesResaie oolumn, Account 501, in the purchase invoice register? A. $9,898.71 C. $10,158.54 B. $10,048.09I D. 810,2?124 19. What's the total of the Accounts Payable column, Account 201, in the purchase invoice register? A. $10,048.09 C. $10,2T1.24 B. $10,158.54 D. $10,488.38 20. What's the balance in the acoounts payable ledger after the close of business on May 22? A. $10,048.09I C. $10,271.24 B. $10,188.01 D. $10,488.38 III. Questions 2125 are based on the Following information for Sitva Collectibles: Notes Payable Date Description interest Hate January 1 $100,000 note due in 9 months 9% March 1 $75,000 note due in 6 months 12% Notes Receivable February 1 $80,000 note due in 3 months 8% Assume ail interest is paid at maturity and none of the notes are paid early. 21. What should be the entry for interest expense on March 3t? (Hint: There are two notes.) A. Debit $1,500 C. Credit $1,500 B. Debit $?50 D. Credit $750 22. What entry should be recorded in the Interest Receivable acoount tor February? A. Credit$300 C. Credit $900 B. Debit $300 D. Debit $900 23. How much interest inoome should be recorded for the year ending December 31? A. $900 $3,300 $3,800 it depends on when the interest is paid. PP!\"

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image_2

Step: 3

blur-text-image_3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Fundamental Accounting Principles Volume II

Authors: Kermit Larson, Tilly Jensen, Heidi Dieckmann

16th Canadian edition

1259261433, 978-1260305838

More Books

Students also viewed these Accounting questions

Question

Keep your head straight on your shoulders

Answered: 1 week ago

Question

Be straight in the back without blowing out the chest

Answered: 1 week ago

Question

Wear as little as possible

Answered: 1 week ago