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Multiple Choice Question 70 Moss County Bank agrees to lend the Wildhorse Co. 470000 on January 1. Withorse Co. signs a 5470000, 6%, 9 month
Multiple Choice Question 70 Moss County Bank agrees to lend the Wildhorse Co. 470000 on January 1. Withorse Co. signs a 5470000, 6%, 9 month note. What is the adjusting entry required Wildhorse Co. prepares financial statements on June 307 14100 14100 Interest Payable Interest Expense 14100 14100 interest Expense Cash 14100 Click you would like to show Work for this question Open Show Work Multiple Choice Question 145 Bonds with a face value of $620000 and a quoted price of 102.25 have a selling price of $633950. $632416. $745395. O $632555. Click if you would like to Show Work for this question: Open Show Work Multiple Choice Question 146 Bonds with a face value of $640000 and a quoted price of 97.25 have a selling price of O $624000. $622400. $620960. $620816. Click if you would like to Show Work for this question: Open Show Work Multiple Choice Question 155 On January 1, 2017, 12460000, 10 year on bonds, were issued for 12385000. Interest is paid annually on January 1. If the issuing corporation uses the straight-ine method to amartire discount on bonds payable, the monthly amortization amount is $7500 $2299 $625 23850
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