Business, 17.02.2020 16:56 KWffrd6661

Mama's Pizza Shoppe borrowed $6,000 at 9% interest on May 1, 2021, with principal and interest due on October 31, 2022. The company's fiscal year ends June 30, 2021. What adjusting entry is necessary on June 30, 2021?
Multiple Choice:
A. Prepaid interest 90
Interest payable 90
B. Interest expense 180
Interest payable 180
C. Interest expense 90
Interest payable 90

Answers: 1

Show answers

Another question on Business

Business, 22.06.2019 20:00

In william rathje's garbology project that focused on household waste, front door interviews found 15 percent of respondents saying that they consumed beer. the trash discard from the same area showed what percentage of household's consuming beer

Answers: 1

Answer

Business, 22.06.2019 22:00

What legislation increased the ability for federal authorities to tap telephones and wireless devices, tightened the enforcement of money laundering activities, as well as broadened powers toward acts of terrorism and acts such as drug trafficking?

Answers: 2

Answer

Business, 23.06.2019 01:30

Young owners of a sole proprietorship will likely not find financial support available from?

Answers: 2

Answer

Business, 23.06.2019 02:00

Here are the expected cash flows for three projects: cash flows (dollars) project year: 0 1 2 3 4 a − 6,100 + 1,275 + 1,275 + 3,550 0 b − 2,100 0 + 2,100 + 2,550 + 3,550 c − 6,100 + 1,275 + 1,275 + 3,550 + 5,550 a. what is the payback period on each of the projects? b. if you use a cutoff period of 2 years, which projects would you accept?

Answers: 2

Answer

You know the right answer?

Mama's Pizza Shoppe borrowed $6,000 at 9% interest on May 1, 2021, with principal and interest due o...

Questions