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please do 9,10 9. Installment Note Payable On July 1, you borrowed $60,000 to help finance the purchase of your brand new Chevrolet truck. The
please do 9,10 9. Installment Note Payable On July 1, you borrowed $60,000 to help finance the purchase of your brand new Chevrolet truck. The 3 year 7% loan calls for equal annual payments on each June 30. a) Calculate the annual payment amount. b) Prepare an installment note table that shows the dates, the cash payments, interest expense, reduction of note payable and the carrying value. c) Prepare the journal entries for the first two payments 10 EPS I Did Pas Co. had a net income of $100,000 during the year. They have 1,000 shares of $10 preferred shares outstanding. Calculate earnings per share taking into consideration that the following changes took place to the common shares during that year. January 1, there were 20,000 common shares. February 1, issued 5,000 more. Purchased and retired 6,000 shares on July 1. Issued a 2 for 1 stock split on August 1. On December 31 the preferred dividends were paid for the year
please do 9,10
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