Answered step by step
Verified Expert Solution
Question
1 Approved Answer
PLEASE HELP WITH THESE QUESTIONS WITH EXPLANATION @ Question 10 On November 1, 2013, Aladdin Inc. {the borrower] issued a 12%, 2-month, $50,000 note to
PLEASE HELP WITH THESE QUESTIONS WITH EXPLANATION
@ Question 10 On November 1, 2013, Aladdin Inc. \{the borrower] issued a 12\%, 2-month, $50,000 note to Genie Inc (the lender). The principal amount is due at the end of the note on Jariuary 1,2014 and the interest will be paid monthly on December 1,2013 , and January 1,2014 . The fiscal year end is December 31,2013. The journal entry on January 1, 2014 will include: G Question 9 On November 1,2013 , Aladdin Inc. (the borrower) issued a 12%,2-month, $50,000 note to Genie Inc (the lender). The principal arrount is due at the end of the note on January 1,2014 and the interest will be paid monthly on December 1,2013 , and January 1,2014 . The fiscal year end is December 31,2013. The adjusting entry on December 31,2013 will include: Q Question 8 On November 1,2013 , Aladdin Inc. (the borrower) issued a 12%,2-month, $50,000 note to Genie inc (the lender), The principal amount is due at the end of the note on January 1,2014 and the interest will be paid monthly on December 1,2013 , and January 1, 2014. The fiscal year end is December 31, 2013. The journal entry on December 1,2013 will include: Q Question 7 Synergy Appliances sells dishwashers with a four-year warranty. In 2017, warranty payable had a beginning balance $21,000, sales revenue for dishwashers is $97,000, and repairs and product replacement under warranty cost $19,300. The company esti mates warranty expense at 4.5% of revenues. What is the total estimated warranty payable of Synergy Appliances in at the end of 2017Step 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