subject
Business, 12.11.2019 07:31 Hakika

Keesha co. borrows $200,000 cash on november 1, 2017, by signing a 90-day, 9% note with a face value of $200,000. 1. on what date does this note mature? what is the amount of interest expense recorded on 2) december 31, 2017 and 3) january 30, 2018? (use 360 days in the year.) 4 (a) prepare the journal entry to record the issuance of the note on november 1, 2017 4 (b) prepare the journal entry to record the accrual of interest at the end of 2017. 4 (c) prepare the journal entry to record payment of the note at maturity. (assume no reversing entries) exercise 9-10 hitzu co. sold a copier costing $4,800 with a two-year parts warranty to a customer on august 16, 2017 for $6,000 cash. hitzu uses the perpetual inventory system. on november 22, 2018, the copier requires on-site repairs that are completed the same day. the repairs cost $209 for materials taken from the repair parts inventory. these are the only repairs required in 2018 for this copier. based on experience, hitzu expects to incur warranty costs equal to 4% of dollar sales. it records warranty expense with an adjusting entry at the end of each year. 1. how much warranty expense does the company report in 2017 for this copier? 2. how much is the estimated warranty liability for this copier as of december 31, 20177 3. how much warranty expense does the company report in 2018 for this copier? 4. how much is the estimated warranty liability for this copier as of december 31, 2018?

ansver
Answers: 1

Another question on Business

question
Business, 21.06.2019 18:00
You want to make an investment in a continuously compounding account over a period of two years. what interest rate is required for your investment to double in that time period? round the logarithm value and the answer to the nearest tenth.
Answers: 3
question
Business, 21.06.2019 20:20
Aproduction order quantity problem has a daily demand rate = 10 and a daily production rate = 50. the production order quantity for this problem is approximately 612 units. what is the average inventory for this problem?
Answers: 1
question
Business, 22.06.2019 05:50
Match the steps for conducting an informational interview with the tasks in each step.
Answers: 1
question
Business, 22.06.2019 06:00
According to herman, one of the differences of managing a nonprofit versus a for-profit corporation is
Answers: 1
You know the right answer?
Keesha co. borrows $200,000 cash on november 1, 2017, by signing a 90-day, 9% note with a face value...
Questions
question
Chemistry, 31.01.2020 22:47
question
Mathematics, 31.01.2020 22:47
question
History, 31.01.2020 22:47
question
Mathematics, 31.01.2020 22:47
Questions on the website: 13722367