Business, 15.04.2020 02:58 patriciaceaser2980

Frasquita acquired equipment from the manufacturer on 6/30/2021 and gave a noninterest-bearing note in exchange. Frasquita is obligated to pay $586,000 on 4/30/2022 to satisfy the obligation in full. If Frasquita accrued interest of $21,000 on the note in its 2021 year-end financial statements, what amount would it have recorded the equipment for on 6/30/2021

Answers: 3

Show answers

Another question on Business

Business, 22.06.2019 01:40

Costs of production that do not change when output changes.question 17 options: total revenuefixed incometotal costfixed cost

Answers: 1

Answer

Business, 22.06.2019 09:00

Asap describe three different expenses associated with restaurants. choose one of these expenses, and discuss how a manager could handle this expense.

Answers: 1

Answer

Business, 22.06.2019 10:30

The card shoppe needs to maintain 21 percent of its sales in net working capital. currently, the store is considering a four-year project that will increase sales from its current level of $349,000 to $408,000 the first year and to $414,000 a year for the following three years of the project. what amount should be included in the project analysis for net working capital in year 4 of the project?

Answers: 3

Answer

Business, 22.06.2019 11:10

Wilson company paid $5,000 for a 4-month insurance premium in advance on november 1, with coverage beginning on that date. the balance in the prepaid insurance account before adjustment at the end of the year is $5,000, and no adjustments had been made previously. the adjusting entry required on december 31 is: (a) debit cash. $5,000: credit prepaid insurance. $5,000. (b) debit prepaid insurance. $2,500: credit insurance expense. $2500. (c) debit prepaid insurance. $1250: credit insurance expense. $1250. (d) debit insurance expense. $1250: credit prepaid insurance. $1250. (e) debit insurance expense. $2500: credit prepaid insurance. $2500.

Answers: 1

Answer

You know the right answer?

Frasquita acquired equipment from the manufacturer on 6/30/2021 and gave a noninterest-bearing note...

Questions