Question
I need help with this exercise. On June 1, 2016, Banco Uno grants us a loan for the sum of 11,300,000, at an interest rate
I need help with this exercise.
On June 1, 2016, Banco Uno grants us a loan for the sum of 11,300,000, at an interest rate of 12%, for an exact term of 5 years. The first expiration of 12 months:
The following are requested under the three methods(German,French):
Loan Calculation Table.
Corresponding accounting records (Loan Delivery (2016), Adjustment and Payment of amortization and interest for 2017.
Representation of the Liabilities in the Statement of Situation of September 30, 2017 (Only of the French Method).
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Accounting for Governmental and Nonprofit Entities
Authors: Jacqueline L. Reck, James E. Rooks, Suzanne Lowensohn, Daniel Neely
18th edition
1260190080, 1260190083, 978-1259917059
