FREE Trial
Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Pharoah Company lends Concord industries $64800 on August 1, 2022, accepting a 9-month, 6% interest note. If Pharoah Company prepares its financial statements as of

image text in transcribed
Pharoah Company lends Concord industries $64800 on August 1, 2022, accepting a 9-month, 6% interest note. If Pharoah Company prepares its financial statements as of December 31,2022 , what adjusting entry must it make? Accounts 1620 Receivable Interest 1620 Receivable

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

Introduction To Government And Not For Profit Accounting

Introduction To Government And Not For Profit Accounting

Authors: Martin Ives, Joseph R. Razek, Gordon A. Hosch

5th Edition

0130464147, 978-0130464149

More Books

Students also viewed these Accounting questions

Question

★★★★★
Refer to Exercise 4.113. An active Naval military personnel during the year in question is selected at random. In E 4.113 The U.S. Department of Defense collects various data on military personnel....

Answered: 1 week ago

Question

★★★★★
The auto repair shop of Quality Motor Company uses standards to control the labor time and labor cost in the shop. The standard labor cost for a motor tune-up is given below. Motor tune-up Standard...

Answered: 1 week ago

Question

★★★★★
Discuss the roles of metacognition in learning and remembering.

Answered: 1 week ago

Question

★★★★★
The diameter of steel rods manufactured on two different extrusion machines is being investigated. Two random samples of sizes n1 = 15 and n2 = 17 are selected, and the sample means and sample...

Answered: 1 week ago

Question

★★★★★
Scholastic Furniture, Inc. manufactures a variety of desks, chairs, tables, and shelf units that are sold to public school systems throughout the Midwest. The controller of the company's Desk...

Answered: 1 week ago

Question

★★★★★
I only need the balance sheet done. On January 1, Pulse Recording Studlo (PRS) had the following account balances. The following transactions occurred during January. a. Recelved $2,480 cash on 1/1...

Answered: 1 week ago

Question

★★★★★
13. [Anti-gradients] Find the general anti-gradient, f, i.e. f was the original function, and you are given the gradient of the function. (a) Vf(x, y) = (6x+4y, 2+12xy) -2e-2, -6z + 1y) (b) Vf(x,y) =...

Answered: 1 week ago

Question

★★★★★
A load downward load P 250 N is applied at B. It is supported by two truss members with member BA at an angle of 8 = 50 from horizontal and member BC at an angle of 02 35 from vertical. Calculate the...

Answered: 1 week ago

Question

★★★★★
Solve the triangle. A=49,b=8,c=9 a= (Do not round until the final answer. Then round to the nearest tenth as needed.) B= (Do not round until the final answer. Then round to the nearest degree as...

Answered: 1 week ago

Question

★★★★★
Discuss some aspect of the source (http://new-courses.justice.eku.edu/OSH/OSH366/Docs/OSH366W6_SickBuildingSyndrome.pdf) that you found interesting and why

Answered: 1 week ago

Question

★★★★★
Fortune Inc., a manufacturer of plastic materials useful for various textile company, expended P2,050,000 in research and development costs which resulted to a new formula which makes its plastic...

Answered: 1 week ago

Question

★★★★★
=+Should people's conscience warn them of avoidable problems the brand can prevent?

Answered: 1 week ago

Question

★★★★★
=+4. Choose the most effective point of view. Should the brand be bragging about its features, design awards, or customer service rewards?

Answered: 1 week ago

Question

★★★★★
=+a. Initiator: suggests buying or trying the product or service. b. Influencer: encourages or dissuades the final shopper. c. Decider: makes the final purchasing decisions.

Answered: 1 week ago

Previous Question Next Question