On november 7, 2017, mura company borrows $160,000 cash by signing a 90-day, 8% note payable with a face value of $160,000. (use 360 days a year. do not round your intermediate calculations.)

1. compute the accrued interest payable on december 31, 2017

principal xrate (%) xtime =interest
total through maturity 160,000 8 90/360 3,200
year end interest accrual 160,000 8 54/360 1,920
interest recognized feb. 5 160,000 8 4/360 1,280
2. & 3. prepare the journal entry to record the accrued interest expense at december 31, 2017 and payment of the note at maturity
record the accrued interest expense.

2) dec. 31, 2017

3) feb 05, 2018

(all im missing for this one is the amount of $ credited in accounts payable, its not $1,920 or $3,200 or 1,280)

9. tax types: taxes are classified based on whether they are applied directly to income, called direct taxes, or to some other measurable performance characteristic of the firm, called indirect taxes. identify each of the following as a “direct tax,” an “indirect tax,” or something else: a. corporate income tax paid by a japanese subsidiary on its operating income b. royalties paid to saudi arabia for oil extracted and shipped to world markets c. interest received by a u.s. parent on bank deposits held in london d. interest received by a u.s. parent on a loan to a subsidiary in mexico e. principal repayment received by u.s. parent from belgium on a loan to a wholly owned subsidiary in belgium f. excise tax paid on cigarettes manufactured and sold within the united states g. property taxes paid on the corporate headquarters building in seattle h. a direct contribution to the international committee of the red cross for refugee relief i. deferred income tax, shown as a deduction on the u.s. parent’s consolidated income tax j. withholding taxes withheld by germany on dividends paid to a united kingdom parent corporation

11.     before adding cream to a simmering soup, you need to a. simmer the cream. b. chill the cream. c. strain the cream through cheesecloth. d. allow the cream reach room temperature. student d   incorrect which answer is right?

Winners of the georgia lotto drawing are given the choice of receiving the winning amount divided equally over 2121 years or as a lump-sum cash option amount. the cash option amount is determined by discounting the annual winning payment at 88% over 2121 years. this week the lottery is worth $1616 million to a single winner. what would the cash option payout be?