subject
Business, 27.03.2020 02:55 arias333

On September 1, Kennedy Company loaned $138,000, at 13% annual interest, to a customer. Interest and principal will be collected when the loan matures one year from the issue date. Assuming adjustments are only made at year-end, what is the adjusting entry for accruing interest that Kennedy would need to make on December 31, the calendar year-end

ansver
Answers: 1

Another question on Business

question
Business, 22.06.2019 03:10
Complete the sentences. upper a decrease in current income taxes the supply of loanable funds today because it a. decreases; increases disposable income, which decreases saving b. has no effect on; doesn't change expected future disposable income c. decreases; decreases expected future disposable income d. increases; increases disposable income, which encourages greater saving upper a decrease in expected future income a. increases the supply of loanable funds today because households with smaller expected future income will save more today b. has no effect on the supply of loanable funds c. decreases the supply of loanable funds because it decreases wealth d. decreases the supply of loanable funds today because households with smaller expected future income will save less today
Answers: 3
question
Business, 22.06.2019 19:20
Sanibel autos inc. merged with its competitor vroom autos inc. this allowed sanibel autos to use its technological competencies along with vroom autos' marketing capabilities to capture a larger market share than what the two entities individually held. what type of integration does this scenario best illustrate? a. vertical b. technological c. horizontal d. perfect
Answers: 2
question
Business, 22.06.2019 23:10
Which investment has the liquidity and can be converted into cash easily?
Answers: 2
question
Business, 22.06.2019 23:30
Each state’s organizational structure is guided by the federal government.true or false?
Answers: 1
You know the right answer?
On September 1, Kennedy Company loaned $138,000, at 13% annual interest, to a customer. Interest and...
Questions
question
English, 09.01.2021 02:00
question
Mathematics, 09.01.2021 02:00
question
Mathematics, 09.01.2021 02:00
question
Mathematics, 09.01.2021 02:00
question
History, 09.01.2021 02:00
question
Medicine, 09.01.2021 02:00
question
English, 09.01.2021 02:00
Questions on the website: 13722360