On November 1. 2015, New Morning Bakery signed a $200,000, 6%, six-month note payable with the amount borrowed plus accrued interest due six months after on May 1, 2016.
New Morning Bakery should record which of the following adjusting entries at December 31, 2015?
a. Debit interest expense and credit interest payable. $6,000
b. Debit interest expense and credit interest payable. $2,000
c. Debit interest expense and credit cash. $6,000
d. Debit interest expense and credit cash. $2,000
Answers: 1
Business, 22.06.2019 05:30
Eliza works for a consumer agency educating young people about advertisements. instead of teaching students to carefully read advertisement claims, she encourages them to develop a strong sense of self and to keep their life goals and dreams separate from commercial products. why might eliza's advice make sense?
Answers: 2
Business, 22.06.2019 13:40
Randall's, inc. has 20,000 shares of stock outstanding with a par value of $1.00 per share. the market value is $12 per share. the balance sheet shows $42,000 in the capital in excess of par account, $20,000 in the common stock account, and $50,500 in the retained earnings account. the firm just announced a 5 percent (small) stock dividend. what will the balance in the retained earnings account be after the dividend?
Answers: 1
Business, 22.06.2019 18:00
In which job role will you be creating e-papers, newsletters, and periodicals?
Answers: 1
Business, 22.06.2019 19:40
Banana computers has decided to procure processing chips required for its laptops from external suppliers instead of manufacturing them in their own facilities. how will this decision affect the firm? a. the firm will be protected against the principal-agent problem. b. the firm's administrative costs will be low because of necessary bureaucracy. c. the firm will have more flexibility in purchasing and comparing prices of goods and services. d. the firm will have high-powered incentives, such as hourly wages and salaries.
Answers: 3
On November 1. 2015, New Morning Bakery signed a $200,000, 6%, six-month note payable with the amoun...
Mathematics, 24.12.2019 21:31
Health, 24.12.2019 21:31
History, 24.12.2019 21:31
History, 24.12.2019 21:31
Mathematics, 24.12.2019 21:31
History, 24.12.2019 21:31
Social Studies, 24.12.2019 21:31
Health, 24.12.2019 21:31
Biology, 24.12.2019 21:31
History, 24.12.2019 21:31
Mathematics, 24.12.2019 21:31
Mathematics, 24.12.2019 21:31