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Question 13 0.1 pts On April 1st, the company borrows $30,000 from the bank and signs a note. The company plans on repaying the note
Question 13 0.1 pts On April 1st, the company borrows $30,000 from the bank and signs a note. The company plans on repaying the note five years later. On April 1: The debit should be: The credit should be: The amount should be: (DO NOT ENTERA DOLLAR SIGN IN YOUR ANSWER. For example: ENTER 200 not $200 Question 14 0.1 pts On April 1st, the company borrows $30,000 from the bank and signs a note. The company plans on repaying the note five years later. The bank charges 6% annual interest. On December 31st (the adjusting entry): The debit should be: The credit should be: The amount should be: (DO NOT ENTERA DOLLAR SIGN IN YOUR ANSWER. For example: ENTER 200 not $200) Question 15 0.1 pts The company purchases a building for $390,000 on November 1, 2016. The building will be useful for 25 years. The company records an adjusting entry for depreciation at the end of each year. On December 31, 2016 (the adjusting entry): The debit should be: The credit should be: The amount should be: (DO NOT ENTER A DOLLAR SIGN IN YOUR ANSWER. For example: ENTER 200 not $200) Question 16 0.1 pts On June 1, the company has $100 of supplies. During June, the company purchases $250 of supplies. At the end of June, the ending balance in supplies is $50. On June 30, 2016 (the adjusting entry): The debit should be: The credit should be: The amount should be: (DO NOT ENTERA DOLLAR SIGN IN YOUR ANSWER. For example: ENTER 200 not $200
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