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please check all pictures and answer full question uestion 5 of 10 -V6 dew Policies aurrent Attempt in Progress On June 1. Cullumber Company Ltd.
please check all pictures and answer full question
uestion 5 of 10 -V6 dew Policies aurrent Attempt in Progress On June 1. Cullumber Company Ltd. borrows $102,000 from Acme Bank on a 6-month. $102,000,8% note. The note matures on December 1. a)-c) Prepare a tabular summary to record the note issued on June 1 b) Prepare a tabular summary to record adjustment on June 30. Prepare a tabular summary to record the repayment at maturity (December 11, assuming monthly adjustments have ber d include margin explanations for the changes in revenues and expenses. (If a transaction causes a decrease in Assets, Liabilities or Stockholders' Equity, place a negative sign for parentheses) in front of the amount entered for the particular Asset, Liability or Equity item that was reduced) Assets Liabilities Cash Notes Pay Interest Pay Cad June 1, 2022 Prepare a tabular summary to record the repayment at maturity (December 11, assuming monthly adjustments have be ide margin explanations for the changes in revenues and experises. (If a transaction causes a decrease in Assets, Liabilities or Ekholders' Equity place a negative sign (or parentheses) in front of the amount entered for the particular Asset, Liability or Equity item was reduced.) Assets Liabilities Cash Notes Pay Interest Pay a) June 1.2022 Kb) June 30, 2022 (Dec. 1.2022 Attempts: 0 of 1 used Submit An Sovette d) The parts of this question ist be completed in order. This part will be available when you complete the port above GE 25c Partly clou the note issued on June 1 (6) Prepare a tabular summary to record adjustment on June 30. (c) Prepare a tabular summary to record the repayment at maturity (December 1), assuming monthly adjustments have ber Include margin explanations for the changes in revenues and expenses. (If a transaction causes a decrease in Assets, Liabilities or Stockholders' Equity, place a negative sign (or parentheses) in front of the amount entered for the particular Asset, Liability or Equity item that was reduced.) Stockholders' Equity Pd. in Cap. Retained Earnings Common Stock Revenue Expense Dividend Attempts: 0 of 1 used Submit Answer Save for later ote issued on June 1. stment on June 30. repayment at maturity (December 1), assuming monthly adjustments have ber venues and expenses. (If a transaction causes a decrease in Assets, Liabilities or theses) in front of the amount entered for the particular Asset, Liability or Equity item Equity Retained Earnings se Dividend Bank changes expense Miscellaneous pense Interest opene Sales revenge Attempts: 0 of 1 used SA This will be rate when let the part above Ob 25C Partly cloudy DOLL Step by Step Solution
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