Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

that's the only information that i have Bank loan information Bank loan received Date issued Annual interest rate Interest due Annual principle loan payments $50,000

image text in transcribed
image text in transcribed
that's the only information that i have
Bank loan information Bank loan received Date issued Annual interest rate Interest due Annual principle loan payments $50,000 01-Feb-21 5% at maturity or January 1, 2024 $ 15,000 Marks Adjusted trial balance Debit Credit Debits Credits Accounts receivable $ 24560 Accumulated depreciation $ 8,000 6.800 Advertising expense Bank loan payable 50.000 17.860 130.000 Cash Cost of goods sold Depreciation experise Dividende declared 8.000 11000 Equipment 40.000 Income tax expense 16.100 9.500 1280 20.000 20.000 Income tax payable Insurance expense Invertory purchased Issue of common shares Prepaid insurance expense President expense Perteerde Salones expense Sales payable Sales revenue 2560 1960 16.440 61650 3,950 274850 Supplies expense Supplies on hand 5.840 2.260 366.3105 366 30 Cover page 2 1st day unadiust trial balance Bank loan information Bank loan received Date issued Annual interest rate Interest due Annual principle loan payments $50,000 01-Feb-21 5% at maturity or January 1, 2024 $ 15,000 Marks Adjusted trial balance Debit Credit Debits Credits Accounts receivable $ 24560 Accumulated depreciation $ 8,000 6.800 Advertising expense Bank loan payable 50.000 17.860 130.000 Cash Cost of goods sold Depreciation experise Dividende declared 8.000 11000 Equipment 40.000 Income tax expense 16.100 9.500 1280 20.000 20.000 Income tax payable Insurance expense Invertory purchased Issue of common shares Prepaid insurance expense President expense Perteerde Salones expense Sales payable Sales revenue 2560 1960 16.440 61650 3,950 274850 Supplies expense Supplies on hand 5.840 2.260 366.3105 366 30 Cover page 2 1st day unadiust trial balance

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access with AI-Powered Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Students also viewed these Accounting questions