Acompany borrows $38,000 with 7% interest on october 1, 2018. this amount plus interest is due on september 30, 2019. record the adjusting entry on december 31, 2018. (if no entry is required for a transaction/event, select "no journal entry required" in the first account field.)

record the adjusting entry on december 31, 2018.  

Interest expense  180  

Loan        3.104  

Cash                  3.284

Explanation:

     Date          Payment InterestPrincipalBalance

                                    38.000,00

110/31/183.284,25214,863.069,3934.930,61

211/30/183.284,25197,503.086,7531.843,86

312/31/183.284,25180,053.104,2028.739,66

41/31/193.284,25162,503.121,7525.617,91

52/28/193.284,25144,853.139,4022.478,51

63/31/193.284,25127,103.157,1519.321,36

74/30/193.284,25109,253.175,0016.146,36

85/31/193.284,2591,293.192,9612.953,40

96/30/193.284,2573,243.211,019.742,39

107/31/193.284,2555,083.229,176.513,22

118/31/193.284,2536,833.247,423.265,80

129/30/193.284,2718,473.265,800,00

Interest expense  180  

Loan               3.104  

Cash                  3.284  

in 2001, dell computer became the world’s largest personal computer vendor, continuing to

gain market share and post profits in an industry struggling with slumping sales and billions of

dollars in losses. dell sells 90% of its pcs directly to the final customer, largely bypassing the

reseller channel that accounts for most of the world’s pc sales. this direct customer relationship

is the key to dell’s business model, and provides distinct advantages over the indirect sales

model. dell’s direct relationship with the customer allows it to tailor its offerings to customer

needs, offer add-on products and services, and use the internet to offer a variety of customer

services. in addition, dell’s pcs are built to customers’ specifications upon receipt of an order,

giving dell additional advantages over indirect pc vendors who must try to forecast demand and

ship products based on those forecasts. dell’s direct sales and build-to-order model has achieved

superior performance in the pc industry in terms of inventory turnover, reduced overhead, cash

conversion, and return on investment (kraemer, et al., 2000).

explanation:

answer; work samples;