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Question 13 3 pts On November 1, 2019. Davidson Courier Service, Inc. borrowed 565.000 from its bank. The loan bears interest any and all principal
Question 13 3 pts On November 1, 2019. Davidson Courier Service, Inc. borrowed 565.000 from its bank. The loan bears interest any and all principal and interest are due 6 months from the borrowing date Wist journal entry should Davidson Courier Service Int. make regarding this loan on December 31, 2019 ming that no entries have been made other than the original borrowing? Debit Credit ACCOUNT Interest expense Werely 650 Credit ACCOUNT Instepense Interest payable Debat 3.000 31000 . Credit ACCOUNT Interest expense Interest Debit 13.300 1300 No entry is necessary since there is not dont 2000 Question 14 3 pts Which of the below items is not reported directly on a company's balance sheet? Sabines Payable Accumulated Depreciation Cash Dividende D Question 15 3 pts The amount of net income from all prior periods that a company has not distributed to shareholders as dividends would be shown on the financial statements as O dividends payable treasury stock retained earnings revenue D pts Question 16 What is the effect on the Accounting equation when Jayse Corp, makes a cash dividend payment to its shareholders? Liabilities decrease and Assets increase Assets decrease and Stockholders' Equity increases Stockholders' Equity and Assets both increase Stockholders' Equity and Assets both decrease
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