How to do it

If beginning Rent Payable is $6,000 and the Company paid 15 months' rent of $15,000 (and continues to rent the space through year-end), the ending financial statements would include 3) A. B. C. D. E. Rent Payable of $15,000 Rent Payable of $ 3,000 Prepaid Rent of $15,000 Rent Expense of $3,000. None of the above Darby purchased a new machine on January 1, for $210,000. Darby paid $10,000 down with the rest payable in 5 equal annual payments, beginning in one year, which include interest at 10%. The amount of each payment would be: 4) A. $ 40,000+ interest B. 26,379.75 C. 55,397.47 D. $ 52,759.50 E. Cannot be determined from information given 5) You want to have $100 in the bank in ten years, bank pays interest at 10% compounded semi-annually, how much do you need to put in today? A. $38.55 B. $37.69 C. $14.86 D. $10.00 E. none of these