Answered step by step

Verified Expert Solution

Link Copied!

Question

1 Approved Answer

Posted on Aug 01, 2024

I want to know how to make a Jornal entry for vs if it had interest-bearing 10%. Can you explain how I would record both

I want to know how to make a Jornal entry for vs if it had interest-bearing 10%. Can you explain how I would record both entries? I really want to understand it

1. Purchased a machine for $ 4,800, gave a note. Useful life 4 years, The note is non-interest bearing.

2. Purchased a machine for $ 4,800, gave a note. Useful life 4 years, The note has a 10 % interest bearing.

Step by Step Solution

There are 3 Steps involved in it

Step: 1

Get Instant Access to Expert-Tailored Solutions

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

Step: 2

Step: 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

Marketing Research

Authors: David A. Aaker, V. Kumar , George S. Day

8th Edition

047123057X, 9780471230571

More Books

Students also viewed these Accounting questions

Question

★★★★★

Statement of Cash FlowsIndirect Method Refer to all of the facts in Problem 12-11. Required 1. Prepare a statement of cash flows for 2010 using the indirect method in the Operating Activities...

Answered: 1 week ago

Question

★★★★★

Use Equation (4.1) to estimate MSBrand, the variability between Brand means. Equation 4.1 = 16 Ã (81.8 81.3)2 + 16 Ã (80.9 81.3)2 / 2 1 MSBran,-- 2-1

Answered: 1 week ago

Question

★★★★★

Use the information in Table 10.14 to compute the odds ratio for ???? = 0 and ???? = 1.

Answered: 1 week ago

Question

★★★★★

Macho Inc. has recently become interested in acquiring a South American plant to handle many of its production functions in that market. One possible candidate is De Fuentes SA, a closely held...

Answered: 1 week ago

Question

★★★★★

A pension fund manager is considering three mutual funds. The first is a stock fund, the second is a long-term government and corporate bond fund, and the third is a T-bill money market fund that...

Answered: 1 week ago

Question

★★★★★

Small features which are small depressions around rocks shells that are formed by water, moving by an obstacle as a wave returns to the water are

Answered: 1 week ago

Question

★★★★★

To keep your production plant up and running, you are constantly looking for new employ- ees. Understanding the abilities of an applicant is not easy. By conducting an interview with an applicant,...

Answered: 1 week ago

Question

★★★★★

What is the profile of a hacker today? Characteristics Black hat White Hat State Sponsored Hackers Whistleblower Cybersecurity professionals (NYU, courses, degrees that specialize in cybersecurity,...

Answered: 1 week ago

Question

★★★★★

At a recent meeting, Nora observed that in her organization, the key values are intensely held and widely shared among all team members. What does this represent?

Answered: 1 week ago

Question

★★★★★

22. 222 A tendency exists for a policyholder to purchase an insufficient policy limit with respect to property insurance on a building. Why is such the case? Assuming that the policy limit is...

Answered: 1 week ago

Question

★★★★★

Longworth Partnership purchased a machine for $ 5 8 , 2 5 0 to use in its business. In year 3 , Longworth sold the machine for $ 3 7 , 9 0 0 . Between the date of the purchase and the date of the...

Answered: 1 week ago

Question

★★★★★

Discuss the roles and activities of a companys human resource management function. page 5

Answered: 1 week ago

Question

★★★★★

Every time a credit card company sends our bill late with barely enough time for us to make our payment without incurring late charges and we dont threaten to cut up our card if the practice...

Answered: 1 week ago

Question

★★★★★

What are all the ways you currently use to give each other feedback inside the organization? How can you improve these ways?

Answered: 1 week ago

Previous Question Next Question