Consider the following transactions for Huskies Insurance Company:.Equipment costing $30,600 is purchased at the beginning of the year for cash. Depreciation on the equipment is $5,100 per year. On June 30, the company lends its chief financial officer $31,000; principal and interest at 7% are due in one year. On October 1, the company receives $8,400 from a customer for a one-year property insurance policy. Deferred Revenue is credited.

The simple interest in a loan of $200 at 10 percent interest per year is

Match the items with the actions necessary to reconcile the bank statement.(there's not just one answer)1. interest credited in bank account2. fee charged by bank for returned check3. checks issued but not deposited4. deposits yet to be crediteda. add to bank statementb. deduct from bank statementc. add to personal statementd. deduct from personal statement

Solomon chemical company makes three products, b7, k6, and x9, which are joint products from the same materials. in a standard batch of 320,000 pounds of raw materials, the company generates 70,000 pounds of b7, 150,000 pounds of k6, and 100,000 pounds of x9. a standard batch costs $3,840,000 to produce. the sales prices per pound are $10, $14, and $20 for b7, k6, and x9, respectively. (a) allocate the joint product cost among the three final products using weight as the allocation base. (b) allocate the joint product cost among the three final products using market value as the allocation base. (c) allocate the joint product cost among the three final products using weight as the allocation base.