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This one is causing alot of trouble pls help 77 78 79 80 81 82 34. The note payable to Royce Computers (transactions 04 and
This one is causing alot of trouble pls help
77 78 79 80 81 82 34. The note payable to Royce Computers (transactions 04 and 07) is a five-year note, with interest at the rate of 12 percent annually. Interest expense should be computed based on a 360 day year. rnvfPORTANT NOTE: The original note on the ggmputer equipment purchased on June 2 was $120,000.00, On June 10, eight days later, $23,M.00 was repaid. Interest expense must be calculated on the $120,000.00 for eight days. In addition, interest expense on the $97,000.00 balance of the loan ($120,000.00 less $23,000.00 - must be calculated for the 20 days remaining in the month of June.] Closing Entries a Instructions FAQ Workbook Statistics a Welcome Chart of Accounts a Transactions General Journal Worksheet
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