Web2 de jul. de 2024 · On November 1, Alan Company signed a 120-day, 12% note payable, with a face value of $10,800. What is the maturity value of the note on March 1? (Use … WebA company had interest expense of $3,000, income before interest expense and income taxes of $16,000, and net income of $6,400. The company’s times interest earned ratio equals: Multiple Choice. 5.33. 2.50. 2.13. 0.47. 0.19. Question 44. On November 1, Alan Company signed a 120-day, 11% note payable, with a face value of $23,400.
Solved > Question On November 1, Alan Company signed …
WebOn November 1, Alan Company signed a 120-day, 8% note payable,with a face value of $17,100. What is the adjusting entry for theaccrued interest at December 31 on the note? … WebRelease Calendar Top 250 Movies Most Popular Movies Browse Movies by Genre Top Box Office Showtimes & Tickets Movie News India Movie Spotlight chronicles in higher education
On November 1, Alan Company signed a 120-day, 10% note …
WebAnswer Notes payable amount = $27,000 Issued on 1st Nov Term = 120 days Maturity on 1st march. Days from 1st Nov to 31st Dec = 60 days Days from 1st Jan to 1st March = … WebOn November 1, Alan Company signed a 120-day, 10% note payable, with a face value of $22,500. What is the adjusting entry for the accrued Interest at December 31 on the note? (Use 360 days a year.) Answer The adjustment entry would be: DateAccounts titleDebitCreditWorking 31-DecInterest Costs$3751 Nov to Dec = 60 Days Interest payable Web9 de mai. de 2024 · On November 1, Alan Company signed a 120-day, 8% note payable, with a face value of $9,000. What is the adjusting entry for the accrued interest at December 31 on the note? Debit interest payable, $120; credit interest expense, $120. Debit interest payable, $240; credit interest expense, $240. chronicle singing group