Business, 24.06.2019 21:00 amandaparrish2323

Ontario resources, a natural energy supplier, borrowed $80 million cash on nov 1, 2006 to fund geological survey. the loan was made by quebec banque under a short-term credit line. ontario resources issues a 9 month, 12% promissory note with interest payable at maturity. ontario resources' fiscal period is the calendar year. 1)prepare the journal entry for the issuance of the note by ontario resources 2) prepare the appropiate adjusting entry for the note by ontario resources on dec. 31, 2006. (show calculations) 3)prepare the journal entry for the payment of the note at maturity. (show calculations)

Answers: 2

Show answers

Another question on Business

Business, 22.06.2019 10:30

How are interest rates calculated by financial institutions? financial institutions generally calculate interest as (1) interest or (.

Answers: 1

Answer

Business, 22.06.2019 11:00

While on vacation in las vegas jennifer, who is from utah, wins a progressive jackpot playing cards worth $15,875 at the casino royale. what implication does she encounter when she goes to collect her prize?

Answers: 1

Answer

Business, 22.06.2019 12:50

Performance bicycle company makes steel and titanium handle bars for bicycles. it requires approximately 1 hour of labor to make one handle bar of either type. during the most recent accounting period, barr company made 7,700 steel bars and 2,300 titanium bars. setup costs amounted to $35,000. one batch of each type of bar was run each month. if a single company-wide overhead rate based on direct labor hours is used to allocate overhead costs to the two products, the amount of setup cost assigned to the steel bars will be:

Answers: 2

Answer

Business, 22.06.2019 20:20

As you have noticed, the demand for flip phones has drastically reduced, and there are only a few consumer electronics companies selling them at extremely low prices. also, the current buyers of flip phones are mainly categorized under laggards. which of the following stages of the industry life cycle is the flip phone industry in currently? a. growth stage b. maturity stage c. decline stage d. commercialization stage

Answers: 2

Answer

You know the right answer?

Ontario resources, a natural energy supplier, borrowed $80 million cash on nov 1, 2006 to fund geolo...

Questions

Business, 24.12.2019 02:31

In a limited partnership, when cash is distributed from an investor's partnership basis, how is the new basis of capital account calculated? group of...